Neuberger Berman Group LLC reduced its position in Great Plains Energy Incorporated (NYSE:GXP) by 8.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 303,957 shares of the utilities provider’s stock after selling 26,290 shares during the quarter. Neuberger Berman Group LLC owned 0.14% of Great Plains Energy worth $9,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GXP. Schwab Charles Investment Management Inc. lifted its stake in shares of Great Plains Energy by 3.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 950,471 shares of the utilities provider’s stock valued at $27,830,000 after acquiring an additional 30,588 shares during the last quarter. State of Wisconsin Investment Board lifted its stake in shares of Great Plains Energy by 1,026.9% in the 2nd quarter. State of Wisconsin Investment Board now owns 211,388 shares of the utilities provider’s stock valued at $6,189,000 after acquiring an additional 192,630 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Great Plains Energy by 9.6% in the 2nd quarter. Legal & General Group Plc now owns 833,378 shares of the utilities provider’s stock valued at $24,402,000 after acquiring an additional 73,229 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of Great Plains Energy in the 2nd quarter valued at about $407,000. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Great Plains Energy by 9.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 260,571 shares of the utilities provider’s stock valued at $7,630,000 after acquiring an additional 22,120 shares during the last quarter. Hedge funds and other institutional investors own 87.07% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Great Plains Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. ValuEngine raised Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Bank of America assumed coverage on Great Plains Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $35.00 target price for the company. SunTrust Banks reissued a “hold” rating and issued a $31.00 target price on shares of Great Plains Energy in a research note on Tuesday. Finally, JPMorgan Chase & Co. set a $35.00 target price on Great Plains Energy and gave the company a “buy” rating in a research note on Thursday, October 12th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $32.14.

Great Plains Energy Incorporated (NYSE:GXP) opened at $31.98 on Wednesday. The company has a market capitalization of $6,916.27, a P/E ratio of 159.91, a price-to-earnings-growth ratio of 3.29 and a beta of 0.46. The company has a current ratio of 1.44, a quick ratio of 1.24 and a debt-to-equity ratio of 0.65. Great Plains Energy Incorporated has a 52-week low of $26.72 and a 52-week high of $34.72.

Great Plains Energy (NYSE:GXP) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. The business had revenue of $857.20 million during the quarter, compared to analyst estimates of $805.72 million. Great Plains Energy had a return on equity of 0.26% and a net margin of 1.17%. During the same quarter in the prior year, the company posted $1.00 EPS. equities research analysts forecast that Great Plains Energy Incorporated will post 1.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 29th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Monday, November 27th. Great Plains Energy’s payout ratio is 550.03%.

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About Great Plains Energy

Great Plains Energy Incorporated (Great Plains Energy) is a utility holding company. The Company operates through electric utility segment. The Company’s subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO). KCP&L is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and Kansas.

Institutional Ownership by Quarter for Great Plains Energy (NYSE:GXP)

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