Headlines about Great Plains Energy (NYSE:GXP) have trended somewhat positive on Tuesday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Great Plains Energy earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 47.3033200098589 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research analysts have commented on GXP shares. Zacks Investment Research raised Great Plains Energy from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Tuesday, July 25th. J P Morgan Chase & Co set a $35.00 price target on Great Plains Energy and gave the stock a “buy” rating in a research report on Thursday, October 12th. KeyCorp reaffirmed a “hold” rating on shares of Great Plains Energy in a research report on Friday, September 1st. BidaskClub raised Great Plains Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Finally, ValuEngine raised Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $32.00.
Shares of Great Plains Energy (NYSE GXP) traded up $0.49 during mid-day trading on Tuesday, hitting $33.65. The company’s stock had a trading volume of 1,099,900 shares, compared to its average volume of 2,253,497. Great Plains Energy has a one year low of $25.85 and a one year high of $33.94. The stock has a market cap of $7,151.34, a P/E ratio of 19.06, a P/E/G ratio of 3.41 and a beta of 0.47. The company has a quick ratio of 1.24, a current ratio of 1.44 and a debt-to-equity ratio of 0.65.
Great Plains Energy (NYSE:GXP) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.09. Great Plains Energy had a return on equity of 5.41% and a net margin of 3.42%. The company had revenue of $857.20 million for the quarter, compared to the consensus estimate of $805.72 million. During the same period last year, the business posted $1.00 EPS. research analysts expect that Great Plains Energy will post 1.77 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 29th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Monday, November 27th. This represents a $1.10 annualized dividend and a dividend yield of 3.27%. Great Plains Energy’s dividend payout ratio (DPR) is currently 550.03%.
In other Great Plains Energy news, SVP Heather A. Humphrey sold 3,500 shares of Great Plains Energy stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $30.86, for a total value of $108,010.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Lori A. Wright sold 7,668 shares of Great Plains Energy stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $30.54, for a total value of $234,180.72. The disclosure for this sale can be found here. Insiders sold a total of 27,391 shares of company stock worth $838,626 over the last quarter. Company insiders own 0.41% of the company’s stock.
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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.
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