The stock of Great Plains Energy Incorporated (NYSE:GXP) is a huge mover today! About 2.05 million shares traded hands. Great Plains Energy Incorporated (NYSE:GXP) has declined 13.62% since April 5, 2016 and is downtrending. It has underperformed by 15.58% the S&P500.
The move comes after 7 months positive chart setup for the $6.26 billion company. It was reported on Nov, 8 by Barchart.com. We have $42.58 PT which if reached, will make NYSE:GXP worth $3.07 billion more.
Great Plains Energy Incorporated (NYSE:GXP) Ratings Coverage
Out of 9 analysts covering Great Plains Energy (NYSE:GXP), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. Great Plains Energy has been the topic of 17 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Goldman Sachs given on Monday, October 19. The stock of Great Plains Energy Incorporated (NYSE:GXP) has “Buy” rating given on Monday, November 30 by Argus Research. Zacks upgraded the shares of GXP in a report on Tuesday, August 25 to “Sell” rating. The firm earned “Hold” rating on Friday, September 4 by Zacks. Suntrust Robinson maintained the shares of GXP in a report on Monday, August 29 with “Neutral” rating. The rating was maintained by SunTrust on Monday, October 19 with “Neutral”. The firm has “Equal-Weight” rating given on Thursday, September 29 by Barclays Capital. On Thursday, March 10 the stock rating was maintained by Argus Research with “Buy”. The company was downgraded on Tuesday, January 12 by Bank of America. The rating was maintained by JP Morgan on Friday, July 15 with “Neutral”.
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.”
Insitutional Activity: The institutional sentiment increased to 1.45 in Q2 2016. Its up 0.12, from 1.33 in 2016Q1. The ratio increased, as 17 funds sold all Great Plains Energy Incorporated shares owned while 95 reduced positions. 56 funds bought stakes while 106 increased positions. They now own 121.48 million shares or 0.42% more from 120.97 million shares in 2016Q1.
Tower Rech Capital Limited Liability (Trc), a New York-based fund reported 5,001 shares. Gateway Invest Advisers Ltd Llc has invested 0.03% of its portfolio in Great Plains Energy Incorporated (NYSE:GXP). Picton Mahoney Asset holds 0.1% or 51,800 shares in its portfolio. Aqr Capital Ltd Liability Co last reported 0.07% of its portfolio in the stock. Retirement Planning Gru has 24,313 shares for 0.25% of their US portfolio. California Employees Retirement System has 527,852 shares for 0.03% of their US portfolio. Finemark Bancorp & holds 0% or 414 shares in its portfolio. Fmr Ltd Llc accumulated 744,075 shares or 0% of the stock. Tompkins Fincl Corp last reported 0.02% of its portfolio in the stock. First Trust Advisors Ltd Partnership holds 0.19% of its portfolio in Great Plains Energy Incorporated (NYSE:GXP) for 1.93 million shares. Texas Permanent School Fund last reported 118,105 shares in the company. Cipher Ltd Partnership has invested 0.26% of its portfolio in Great Plains Energy Incorporated (NYSE:GXP). Quantbot Techs Limited Partnership holds 0.28% or 85,983 shares in its portfolio. Capstone Asset has invested 0.01% of its portfolio in Great Plains Energy Incorporated (NYSE:GXP). Comerica Securities Inc last reported 0.33% of its portfolio in the stock.
More recent Great Plains Energy Incorporated (NYSE:GXP) news were published by: Businesswire.com which released: “Great Plains Energy and Westar Energy Shareholders Approve Merger Related …” on September 26, 2016. Also Wsj.com published the news titled: “Great Plains Energy to Buy Westar Energy for $8.6 Billion” on May 31, 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.
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).
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