Great Plains Energy Inc (GXP) Shares Bought by Prudential PLC

The institutional investor owned 571,611 shares of the utilities provider's stock after buying an additional 113,385 shares during the quarter. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. After posting $0.43 EPS for the previous quarter, Great Plains Energy Incorporated's analysts now forecast 132.56 % EPS growth. Two Sigma Securities LLC raised its position in shares of Great Plains Energy by 22.8% in the third quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of Great Plains Energy during the second quarter worth about $772,000. Highbridge Capital Management LLC raised its position in shares of Great Plains Energy by 377.1% in the third quarter. Ffcm LLC now owns 4,018 shares of the utilities provider's stock valued at $118,000 after purchasing an additional 2,538 shares during the period. First Command Bank lifted its position in shares of Great Plains Energy by 100.0% in the second quarter. About 1.12 million shares traded. During that time period, shares are up 3.22% which has provided some nice profits for investors who may be looking to take advantage of the recent gains. Highbridge Capital Management LLC now owns 799,361 shares of the utilities provider's stock worth $21,815,000 after buying an additional 631,813 shares in the last quarter. Institutional investors and hedge funds own 87.90% of the company's stock.

GXP has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Great Plains Energy from a "sell" rating to a "hold" rating in a research report on Friday, July 14th. Finally, SunTrust Banks, Inc. reissued a "hold" rating and issued a $30.00 target price on shares of Great Plains Energy in a research note on Wednesday, October 4th.

Analyst's mean target price for ACLS is $26.2 while analysts mean suggestion is 2.2. At recent closing price of $31.72, GXP has a chance to add $0.62 or 1.95% in 52 weeks, based on mean target price ($32.34) placed by analysts.The analyst consensus opinion of 1.9 looks like a buy. The company has a consensus rating of "Buy" and a consensus target price of $31.43.

Great Plains Energy (NYSE GXP) traded up 0.804% during midday trading on Wednesday, hitting $31.975. However, if the IP shares go below $56.79 then it would indicate a much weaker market for the company. Finally, Wells Fargo & Company upgraded shares of Great Plains Energy from a "market perform" rating to an "outperform" rating in a research report on Monday, October 2nd. Great Plains Energy Incorporated (NYSE:GXP) has declined 7.52% since October 12, 2016 and is downtrending. With short interest at 6,308,429 and short average daily volume at 1,508,547, the short-interest ratio is 4.0 and the percentage of shorted shares was 0.03% on September 15.

The average Wall Street analyst rating for Great Plains Energy Incorporated is Hold, according to the average of 9 analyst scores. Vaughan David Invests Inc Il stated it has 0.58% in Great Plains Energy Incorporated (NYSE:GXP). The firm had revenue of $682.60 million during the quarter, compared to the consensus estimate of $677.00 million. They expect $0.17 EPS, up 30.77% or $0.04 from last year's $0.13 per share. On average, equities research analysts predict that Great Plains Energy will post $1.60 EPS for the current fiscal year.

Recently, the stock has been noted 0.02% away from it's 52- week high and 23.08% separated from its 52 week low. Increasing profits are the best indication that a company can pay dividends and that the share price will trend upward. The ex-dividend date was set for Friday the 25th of August 2017. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.47%. Great Plains Energy Inc Com now has $6.90B valuation. It is negative, as 38 investors sold Great Plains Energy Incorporated shares while 106 reduced holdings. They now have $35.00 price objective on the utilities provider's stock. Pictet Asset Management Limited has 589,753 shares for 0.05% of their portfolio. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

In related news, CFO Kevin E. Bryant sold 9,853 shares of the stock in a transaction on Monday, September 18th. The disclosure for this sale can be found here. Ameriprise Finance holds 0.01% or 621,513 shares.

WARNING: This article was posted by Week Herald and is the sole property of of Week Herald. If you are viewing this piece of content on another publication, it was copied illegally and reposted in violation of United States and worldwide trademark & copyright legislation. The correct version of this piece can be read at Great Plains Energy Incorporated (GXP) recently closed with rise of 3.60% to its 20-Day Simple Moving Average. The Firm operates through four divisions: Activated Carbon and Service, Equipment, Consumer and Other.

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