Great Plains Energy Inc (NYSE:GXP) is expected to pay $0.28 on Dec 20, 2016. The indicated annual dividend is $1.10. Shareholders owning the stock before Nov 25, 2016 will be eligible to receive the payout. Based on Great Plains Energy Inc’s current price of $26.70, the dividend is 1.03%. This dividend’s record date is Nov 29, 2016 and the announcement date is Nov 1, 2016. The stock decreased 0.89% or $0.24 on November 23, hitting $26.7. About 3.61 million shares traded hands. Great Plains Energy Incorporated (NYSE:GXP) has declined 12.17% since April 22, 2016 and is downtrending. It has underperformed by 17.58% the S&P500.
Great Plains Energy Incorporated is a public utility holding company. The company has a market cap of $5.68 billion. The Firm operates through electric utility segment. It has a 19.43 P/E ratio. The Firm does not own or operate any assets other than the stock of its subsidiaries.
Insitutional Activity: The institutional sentiment increased to 1.64 in Q2 2016. Its up 0.19, from 1.45 in 2016Q1. The ratio is positive, 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.
Blackrock reported 118,199 shares or 0.01% of all its holdings. Interocean Capital Ltd Liability Corp accumulated 0.07% or 8,990 shares. Moreover, Manufacturers Life Insur Company The has 0.01% invested in Great Plains Energy Incorporated (NYSE:GXP) for 208,534 shares. Boston Advsr Ltd Llc owns 400,080 shares or 0.3% of their US portfolio. Barclays Public Lc holds 0.03% of its portfolio in Great Plains Energy Incorporated (NYSE:GXP) for 682,036 shares. The United Kingdom-based Old Mutual (Uk) has invested 0.53% in Great Plains Energy Incorporated (NYSE:GXP). Cubist Systematic Strategies Ltd Liability Com holds 58,139 shares or 0.1% of its portfolio. Wade G W And accumulated 0.07% or 13,000 shares. Bnp Paribas Arbitrage Sa accumulated 74,680 shares or 0.01% of the stock. The Maryland-based Profund Advsr Ltd Llc has invested 0.07% in Great Plains Energy Incorporated (NYSE:GXP). Teachers Advsr accumulated 0.01% or 192,173 shares. Mutual Of America Limited Liability holds 0.1% of its portfolio in Great Plains Energy Incorporated (NYSE:GXP) for 154,967 shares. Metropolitan Life Insur holds 0.03% of its portfolio in Great Plains Energy Incorporated (NYSE:GXP) for 145,101 shares. Next Fin Gru accumulated 0% or 380 shares. Seven Eight Capital Lc reported 37,001 shares or 0.39% of all its holdings.
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. $34 is the highest target while $26 is the lowest. The $30.80 average target is 15.36% above today’s ($26.7) stock price. Great Plains Energy has been the topic of 17 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, June 2 by Barclays Capital. The firm has “Neutral” rating given on Monday, September 26 by SunTrust. The rating was upgraded by Zacks on Tuesday, August 25 to “Sell”. Argus Research maintained Great Plains Energy Incorporated (NYSE:GXP) on Monday, November 30 with “Buy” rating. Argus Research maintained the shares of GXP in a report on Thursday, March 10 with “Buy” rating. SunTrust maintained the stock with “Neutral” rating in Monday, October 19 report. The firm has “Neutral” rating by JP Morgan given on Friday, March 11. The rating was downgraded by Bank of America to “Neutral” on Tuesday, January 12. The stock of Great Plains Energy Incorporated (NYSE:GXP) has “Equal-Weight” rating given on Thursday, September 29 by Barclays Capital. Suntrust Robinson maintained Great Plains Energy Incorporated (NYSE:GXP) rating on Monday, August 29. Suntrust Robinson has “Neutral” rating and $29 price target.
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.
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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