572,556 Shares in Great Plains Energy Incorporated (GXP) Acquired by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. purchased a new stake in shares of Great Plains Energy Incorporated (NYSE:GXP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 572,556 shares of the utilities provider’s stock, valued at approximately $17,349,000. Epoch Investment Partners Inc. owned 0.27% of Great Plains Energy as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Advisory Services Network LLC raised its holdings in Great Plains Energy by 0.9% in the 2nd quarter. Advisory Services Network LLC now owns 4,793 shares of the utilities provider’s stock worth $140,000 after purchasing an additional 45 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Great Plains Energy by 0.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 19,293 shares of the utilities provider’s stock worth $566,000 after purchasing an additional 57 shares in the last quarter. World Asset Management Inc raised its holdings in Great Plains Energy by 1.1% in the 2nd quarter. World Asset Management Inc now owns 14,690 shares of the utilities provider’s stock worth $430,000 after purchasing an additional 153 shares in the last quarter. IFP Advisors Inc raised its holdings in Great Plains Energy by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 15,249 shares of the utilities provider’s stock worth $446,000 after purchasing an additional 154 shares in the last quarter. Finally, Utah Retirement Systems raised its holdings in Great Plains Energy by 0.5% in the 2nd quarter. Utah Retirement Systems now owns 39,501 shares of the utilities provider’s stock worth $1,157,000 after purchasing an additional 200 shares in the last quarter. 87.09% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Kevin E. Bryant sold 9,853 shares of Great Plains Energy stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $30.64, for a total transaction of $301,895.92. Following the sale, the chief financial officer now owns 38,003 shares in the company, valued at $1,164,411.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Heather A. Humphrey sold 3,500 shares of Great Plains Energy stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $30.86, for a total transaction of $108,010.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,391 shares of company stock worth $838,626. Company insiders own 0.41% of the company’s stock.

Several research analysts have commented on GXP shares. ValuEngine upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Bank of America assumed coverage on shares of Great Plains Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $35.00 price target for the company. J P Morgan Chase & Co set a $35.00 price target on shares of Great Plains Energy and gave the stock a “buy” rating in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Wednesday, October 11th. Finally, KeyCorp reiterated a “hold” rating on shares of Great Plains Energy in a research note on Friday, September 1st. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $32.00.

Great Plains Energy Incorporated (GXP) traded up $0.11 during midday trading on Thursday, reaching $34.00. 904,900 shares of the company’s stock were exchanged, compared to its average volume of 2,164,830. Great Plains Energy Incorporated has a 12 month low of $26.61 and a 12 month high of $34.56. The company has a market cap of $7,308.77, a PE ratio of 19.48, a price-to-earnings-growth ratio of 3.48 and a beta of 0.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.24 and a current ratio of 1.44.

Great Plains Energy (NYSE:GXP) last released its earnings results on Wednesday, November 1st. The utilities provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.09. Great Plains Energy had a net margin of 3.42% and a return on equity of 5.41%. The company had revenue of $857.20 million for the quarter, compared to analysts’ expectations of $805.72 million. During the same quarter last year, the business earned $1.00 EPS. sell-side analysts predict that Great Plains Energy Incorporated will post 1.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Monday, November 27th. Great Plains Energy’s payout ratio is currently 550.03%.

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Great Plains Energy Profile

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.

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

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