Texas Yale Capital Corp. Invests $210,000 in Great Plains Energy Incorporated (GXP) Stock

Texas Yale Capital Corp. bought a new stake in Great Plains Energy Incorporated (NYSE:GXP) during the 4th quarter, Holdings Channel reports. The firm bought 6,510 shares of the utilities provider’s stock, valued at approximately $210,000.

A number of other hedge funds have also recently added to or reduced their stakes in GXP. GSA Capital Partners LLP acquired a new position in Great Plains Energy in the second quarter valued at $323,000. Suntrust Banks Inc. lifted its holdings in Great Plains Energy by 12.1% in the second quarter. Suntrust Banks Inc. now owns 8,814 shares of the utilities provider’s stock valued at $257,000 after buying an additional 952 shares during the period. Advisor Group Inc. lifted its holdings in Great Plains Energy by 14.3% in the second quarter. Advisor Group Inc. now owns 8,751 shares of the utilities provider’s stock valued at $233,000 after buying an additional 1,097 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Great Plains Energy by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 667,230 shares of the utilities provider’s stock valued at $19,536,000 after purchasing an additional 2,510 shares during the period. Finally, HighTower Advisors LLC acquired a new position in shares of Great Plains Energy during the second quarter valued at about $328,000. Institutional investors and hedge funds own 87.01% of the company’s stock.

Great Plains Energy Incorporated (GXP) opened at $29.97 on Wednesday. Great Plains Energy Incorporated has a fifty-two week low of $27.59 and a fifty-two week high of $34.72. The firm has a market cap of $6,547.49, a PE ratio of 149.86, a PEG ratio of 3.34 and a beta of 0.38. The company has a current ratio of 1.44, a quick ratio of 1.24 and a debt-to-equity ratio of 0.65.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Tuesday, February 27th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Monday, February 26th. Great Plains Energy’s payout ratio is presently 550.03%.

Several brokerages have recently weighed in on GXP. Morgan Stanley upgraded shares of Great Plains Energy to a “buy” rating and set a $26.00 price objective on the stock in a report on Tuesday. UBS Group began coverage on shares of Great Plains Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Great Plains Energy from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. SunTrust Banks set a $29.00 price objective on shares of Great Plains Energy and gave the company a “hold” rating in a report on Tuesday, January 16th. Finally, Zacks Investment Research lowered shares of Great Plains Energy from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $31.50.

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

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