The stock of Great Plains Energy Incorporated (NYSE:GXP) is a huge mover today! The stock decreased 1.66% or $0.46 during the last trading session, hitting $27.29. About 7.02 million shares traded hands or 78.17% up from the average. Great Plains Energy Incorporated (NYSE:GXP) has declined 6.99% since February 29, 2016 and is downtrending. It has underperformed by 17.41% the S&P500.
The move comes after 9 months negative chart setup for the $4.21 billion company. It was reported on Oct, 1 by Barchart.com. We have $25.38 PT which if reached, will make NYSE:GXP worth $294.70 million less.
Analysts await Great Plains Energy Incorporated (NYSE:GXP) to report earnings on November, 3. They expect $0.91 EPS, up 10.98% or $0.09 from last year’s $0.82 per share. GXP’s profit will be $140.38M for 7.50 P/E if the $0.91 EPS becomes a reality. After $0.55 actual EPS reported by Great Plains Energy Incorporated for the previous quarter, Wall Street now forecasts 65.45% EPS growth.
Great Plains Energy Incorporated (NYSE:GXP) Ratings Coverage
Out of 8 analysts covering Great Plains Energy (NYSE:GXP), 1 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 13% are positive. Great Plains Energy has been the topic of 15 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was maintained by JP Morgan on Friday, July 15 with “Neutral”. The stock of Great Plains Energy Incorporated (NYSE:GXP) earned “Sell” rating by Zacks on Tuesday, August 25. SunTrust maintained Great Plains Energy Incorporated (NYSE:GXP) rating on Monday, October 19. SunTrust has “Neutral” rating and $28 price target. The firm has “Neutral” rating by SunTrust given on Monday, September 26. The stock has “Buy” rating given by Argus Research on Monday, November 30. The stock of Great Plains Energy Incorporated (NYSE:GXP) earned “Equal-Weight” rating by Barclays Capital on Thursday, September 29. JP Morgan maintained the shares of GXP in a report on Friday, March 11 with “Neutral” rating. The firm has “Neutral” rating by Bank of America given on Tuesday, January 12. The stock of Great Plains Energy Incorporated (NYSE:GXP) earned “Hold” rating by Zacks on Friday, September 4. The stock has “Underweight” rating given by Barclays Capital on Thursday, June 2.
According to Zacks Investment Research, “Great Plains Energy Incorporated engages in the generation, transmission, distribution and sale of electricity to customers located in all or portions of numerous counties in western Missouri and eastern Kansas. Customers include residences, commercial firms, and industrials, municipalities and other electric utilities.”
Insitutional Activity: The institutional sentiment increased to 1.45 in Q2 2016. Its up 0.12, from 1.33 in 2016Q1. The ratio improved, 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.
Fmr Ltd holds 0% or 744,075 shares in its portfolio. Ngam Advisors Limited Partnership holds 0.01% of its portfolio in Great Plains Energy Incorporated (NYSE:GXP) for 12,474 shares. Thompson Siegel & Walmsley Ltd Liability Corporation owns 300 shares or 0% of their US portfolio. Pacad Limited owns 42,520 shares or 0.18% of their US portfolio. Barclays Public Limited Company accumulated 0.03% or 682,036 shares. The United Kingdom-based Hsbc Public Ltd Co has invested 0.03% in Great Plains Energy Incorporated (NYSE:GXP). Miller Howard Ny has 0.04% invested in the company for 65,775 shares. Numeric Lc accumulated 0.25% or 913,460 shares. Old Mutual Glob (Uk) Ltd has 934,140 shares for 0.53% of their US portfolio. Raymond James Advisors Incorporated has invested 0.01% of its portfolio in Great Plains Energy Incorporated (NYSE:GXP). Moreover, Macquarie Grp Inc has 0% invested in Great Plains Energy Incorporated (NYSE:GXP) for 45,500 shares. Assetmark holds 0% or 4,314 shares in its portfolio. Blackrock Group Ltd owns 227,998 shares or 0% of their US portfolio. Fifth Third Savings Bank holds 2,167 shares or 0% of its portfolio. Moreover, Point72 Asia (Hong Kong) Ltd has 0.09% invested in Great Plains Energy Incorporated (NYSE:GXP) for 2,600 shares.
More recent Great Plains Energy Incorporated (NYSE:GXP) news were published by: Businesswire.com which released: “Great Plains Energy Announces Concurrent Offerings of Common Stock and …” on September 27, 2016. Also Wsj.com published the news titled: “Great Plains Energy to Buy Westar Energy for $8.6 Billion” on May 31, 2016. Prnewswire.com‘s news article titled: “Kansas City Area Development Council Announces Regional Support for Great …” with publication date: September 07, 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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