Deutsche Bank AG decreased its position in Great Plains Energy Incorporated (NYSE:GXP) by 42.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 560,063 shares of the utilities provider’s stock after selling 415,113 shares during the quarter. Deutsche Bank AG’s holdings in Great Plains Energy were worth $18,055,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jefferies Group LLC grew its position in shares of Great Plains Energy by 19.0% in the 4th quarter. Jefferies Group LLC now owns 58,037 shares of the utilities provider’s stock worth $1,871,000 after acquiring an additional 9,251 shares in the last quarter. Advisor Group Inc. grew its position in shares of Great Plains Energy by 25.4% in the 4th quarter. Advisor Group Inc. now owns 9,939 shares of the utilities provider’s stock worth $321,000 after acquiring an additional 2,015 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Great Plains Energy by 156.8% in the 4th quarter. Renaissance Technologies LLC now owns 2,567,915 shares of the utilities provider’s stock worth $82,790,000 after acquiring an additional 1,568,100 shares in the last quarter. Centenus Global Management LP acquired a new position in shares of Great Plains Energy in the 4th quarter worth approximately $7,576,000. Finally, MML Investors Services LLC acquired a new position in shares of Great Plains Energy in the 4th quarter worth approximately $249,000. Institutional investors own 85.99% of the company’s stock.
Several research analysts have recently commented on the company. ValuEngine upgraded Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. SunTrust Banks reiterated a “hold” rating and issued a $31.00 target price on shares of Great Plains Energy in a research report on Tuesday, December 26th. Zacks Investment Research lowered Great Plains Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. decreased their target price on Great Plains Energy from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Finally, TheStreet lowered Great Plains Energy from a “b-” rating to a “c” rating in a research report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.86.
Great Plains Energy (NYSE:GXP) last released its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. Great Plains Energy had a positive return on equity of 5.25% and a negative net margin of 3.92%. The business had revenue of $597.70 million during the quarter, compared to analyst estimates of $606.26 million. During the same quarter in the previous year, the firm posted $0.13 EPS. equities analysts forecast that Great Plains Energy Incorporated will post 1.82 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Tuesday, February 27th were given a dividend of $0.275 per share. The ex-dividend date was Monday, February 26th. This represents a $1.10 dividend on an annualized basis and a yield of 3.67%. Great Plains Energy’s dividend payout ratio is currently -169.23%.
About Great Plains Energy
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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