Stock of The Day: Institutional Investors Are Betting On Great Plains Energy Inc (NYSE:GXP)

November 30, 2016 - By Clifton Ray   ·   0 Comments

Stock of The Day: Institutional Investors Are Betting On Great Plains Energy Inc (NYSE:GXP)

Sentiment for Great Plains Energy Inc (NYSE:GXP)

Great Plains Energy Inc (NYSE:GXP) institutional sentiment increased to 1.64 in 2016 Q2. Its up 0.19, from 1.45 in 2016Q1. The ratio is better, as 162 investment professionals increased and opened new equity positions, while 112 sold and reduced positions in Great Plains Energy Inc. The investment professionals in our partner’s database now possess: 121.48 million shares, up from 120.97 million shares in 2016Q1. Also, the number of investment professionals holding Great Plains Energy Inc in their top 10 equity positions decreased from 1 to 0 for a decrease of 1. Sold All: 17 Reduced: 95 Increased: 106 New Position: 56.

Great Plains Energy Incorporated is a public utility holding company. The company has a market cap of $5.76 billion. The Firm operates through electric utility segment. It has a 19.54 P/E ratio. The Firm does not own or operate any assets other than the stock of its subsidiaries.

About 191,100 shares traded hands. Great Plains Energy Incorporated (NYSE:GXP) has declined 12.36% since April 27, 2016 and is downtrending. It has underperformed by 17.59% the S&P500.

Analysts await Great Plains Energy Incorporated (NYSE:GXP) to report earnings on February, 22. They expect $0.08 EPS, down 46.67% or $0.07 from last year’s $0.15 per share. GXP’s profit will be $17.17M for 83.88 P/E if the $0.08 EPS becomes a reality. After $1.00 actual EPS reported by Great Plains Energy Incorporated for the previous quarter, Wall Street now forecasts -92.00% negative EPS growth.

According to Zacks Investment Research, “Great Plains Energy Incorporated engages in the generation, transmission, distribution and sale of electricity to customers located in all or portions of numerous counties in western Missouri and eastern Kansas. Customers include residences, commercial firms, and industrials, municipalities and other electric utilities.”

Community Bank Of Raymore holds 1.88% of its portfolio in Great Plains Energy Incorporated for 128,488 shares. John G Ullman & Associates Inc owns 297,300 shares or 1.86% of their US portfolio. Moreover, Zimmer Partners Lp has 1.65% invested in the company for 1.82 million shares. The California-based Huber Capital Management Llc has invested 1.43% in the stock. Financial Engines Advisors L.L.C., a California-based fund reported 46,952 shares.#img1#

Great Plains Energy Incorporated (NYSE:GXP) Ratings Coverage

Ratings analysis reveals 33% of Great Plains Energy’s analysts are positive. Out of 9 Wall Street analysts rating Great Plains Energy, 3 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $26 while the high is $34. The stock’s average target of $30.80 is 14.71% above today’s ($26.85) share price. GXP was included in 17 notes of analysts from August 10, 2015. The stock has “Neutral” rating given by SunTrust on Monday, October 19. The company was upgraded on Wednesday, October 26 by Ladenburg Thalmann. The stock has “Buy” rating given by Argus Research on Monday, November 30. On Monday, August 29 the stock rating was maintained by Suntrust Robinson with “Neutral”. The stock of Great Plains Energy Incorporated (NYSE:GXP) earned “Buy” rating by Zacks on Monday, August 10. The stock of Great Plains Energy Incorporated (NYSE:GXP) earned “Equal-Weight” rating by Barclays Capital on Thursday, September 29. The firm earned “Buy” rating on Thursday, March 10 by Argus Research. Barclays Capital downgraded the stock to “Underweight” rating in Thursday, June 2 report. JP Morgan maintained Great Plains Energy Incorporated (NYSE:GXP) rating on Friday, March 11. JP Morgan has “Neutral” rating and $30 price target. JP Morgan maintained Great Plains Energy Incorporated (NYSE:GXP) rating on Friday, July 15. JP Morgan has “Neutral” rating and $32 price target.

GXP Company Profile

Great Plains Energy Incorporated (Great Plains Energy), incorporated on February 26, 2001, is a public utility holding company. The Firm operates through electric utility segment. The Firm does not own or operate any assets other than the stock of its subsidiaries. The Company’s subsidiaries with activities 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 clients primarily in the states of Missouri and Kansas. KCP&L has an active subsidiary, Kansas City Power & Light Receivables Company (KCP&L Receivables Company). GMO is an integrated, regulated electric utility that provides electricity to clients in the state of Missouri. GMO also provides regulated steam service to certain clients in the St. Joseph, Missouri area. GMO has two active subsidiaries, GMO Receivables Company and MPS Merchant Services, Inc. (MPS Merchant).

More recent Great Plains Energy Incorporated (NYSE:GXP) news were published by: Wsj.com which released: “Great Plains Energy to Buy Westar Energy for $8.6 Billion” on May 31, 2016. Also Businesswire.com published the news titled: “Great Plains Energy and Westar Energy Shareholders Approve Merger Related …” on September 26, 2016. Businesswire.com‘s news article titled: “Great Plains Energy Announces Concurrent Offerings of Common Stock and …” with publication date: September 27, 2016 was also an interesting one.

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By Clifton Ray


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