Great Plains Energy (GXP) Earns Hold Rating from SunTrust Banks

SunTrust Banks reissued their hold rating on shares of Great Plains Energy (NYSE:GXP) in a research note released on Tuesday morning. The firm currently has a $30.00 price objective on the utilities provider’s stock.

A number of other analysts have also issued reports on GXP. ValuEngine upgraded shares of Great Plains Energy from a hold rating to a buy rating in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of Great Plains Energy from a buy rating to a hold rating in a research report on Wednesday, November 15th. JPMorgan Chase & Co. decreased their target price on shares of Great Plains Energy from $37.00 to $34.00 and set an overweight rating on the stock in a research report on Thursday, January 25th. UBS Group initiated coverage on shares of Great Plains Energy in a research report on Friday, February 2nd. They set a neutral rating and a $32.00 target price on the stock. Finally, Morgan Stanley upgraded shares of Great Plains Energy to a buy rating and set a $26.00 target price on the stock in a research report on Tuesday, February 13th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Great Plains Energy currently has an average rating of Buy and an average target price of $31.63.

How to Become a New Pot Stock Millionaire

Shares of Great Plains Energy (NYSE GXP) opened at $30.13 on Tuesday. Great Plains Energy has a 1 year low of $27.60 and a 1 year high of $34.72. The stock has a market cap of $6,491.52, a P/E ratio of -46.35, a P/E/G ratio of 3.32 and a beta of 0.43. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.10 and a current ratio of 1.29.

Great Plains Energy (NYSE:GXP) last announced its earnings results on Wednesday, February 21st. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.13. Great Plains Energy had a negative net margin of 3.92% and a positive return on equity of 5.25%. The firm had revenue of $597.70 million for the quarter, compared to analyst estimates of $606.26 million. During the same quarter last year, the business earned $0.13 earnings per share. analysts forecast that Great Plains Energy will post 1.82 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Tuesday, February 27th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Monday, February 26th. Great Plains Energy’s dividend payout ratio is currently -169.23%.

Large investors have recently bought and sold shares of the business. Bank of Nova Scotia Trust Co. purchased a new position in Great Plains Energy during the third quarter worth approximately $109,000. Cerebellum GP LLC purchased a new position in Great Plains Energy during the fourth quarter worth approximately $123,000. Advisory Services Network LLC raised its stake in Great Plains Energy by 62.7% during the fourth quarter. Advisory Services Network LLC now owns 5,950 shares of the utilities provider’s stock worth $192,000 after purchasing an additional 2,294 shares during the period. ING Groep NV purchased a new position in Great Plains Energy during the fourth quarter worth approximately $204,000. Finally, HL Financial Services LLC purchased a new position in Great Plains Energy during the third quarter worth approximately $205,000. 86.07% of the stock is currently owned by institutional investors.

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Great Plains Energy Company 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.

Analyst Recommendations for Great Plains Energy (NYSE:GXP)

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