Enterprise Financial Services Corp maintained its position in Great Plains Energy Inc. (NYSE:GXP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,885 shares of the company’s stock at the end of the second quarter. Enterprise Financial Services Corp’s holdings in Great Plains Energy were worth $878,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in GXP. Old Mutual Global Investors UK Ltd. acquired a new position in Great Plains Energy during the second quarter valued at approximately $28,397,000. Goldman Sachs Group Inc. boosted its position in Great Plains Energy by 214.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,140,026 shares of the company’s stock valued at $36,766,000 after buying an additional 776,936 shares during the period. Acadian Asset Management LLC boosted its position in Great Plains Energy by 6,173.1% in the second quarter. Acadian Asset Management LLC now owns 751,271 shares of the company’s stock valued at $22,839,000 after buying an additional 739,295 shares during the period. Renaissance Technologies LLC boosted its position in Great Plains Energy by 71.7% in the first quarter. Renaissance Technologies LLC now owns 1,128,915 shares of the company’s stock valued at $36,408,000 after buying an additional 471,315 shares during the period. Finally, Boston Advisors LLC acquired a new position in Great Plains Energy during the second quarter valued at approximately $12,162,000. Institutional investors and hedge funds own 60.02% of the company’s stock.
Great Plains Energy Inc. (NYSE:GXP) traded up 1.02% during trading on Tuesday, hitting $27.73. The stock had a trading volume of 3,047,500 shares. The company has a market cap of $4.28 billion, a PE ratio of 20.74 and a beta of 0.45. Great Plains Energy Inc. has a 52 week low of $25.44 and a 52 week high of $32.74. The stock has a 50-day moving average price of $27.18 and a 200-day moving average price of $29.45.
Great Plains Energy (NYSE:GXP) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.16. Great Plains Energy had a return on equity of 7.16% and a net margin of 8.03%. During the same period in the prior year, the company earned $0.28 EPS. Equities analysts predict that Great Plains Energy Inc. will post $1.73 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Monday, August 29th were given a $0.2625 dividend. This represents a $1.05 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Thursday, August 25th. Great Plains Energy’s dividend payout ratio is currently 78.36%.
GXP has been the topic of several recent analyst reports. Zacks Investment Research cut Great Plains Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 11th. Bank of America Corp. upgraded Great Plains Energy from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Monday, October 3rd. Argus restated a “buy” rating and set a $36.00 price objective on shares of Great Plains Energy in a research note on Friday, September 30th. SunTrust Banks Inc. upped their price objective on Great Plains Energy from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, September 26th. Finally, Wolfe Research upgraded Great Plains Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, October 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $31.29.
About Great Plains Energy
Great Plains Energy Incorporated is a public utility holding company. The Company operates through electric utility segment. The Company does not own or operate any assets other than the stock of its subsidiaries. The Company’s subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO).
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