Economy

Great Plains Energy beats 3Q profit forecasts

The Luminus Management Llc holds 1.68 million shares with $49.20M value, up from 878,280 last quarter.

State Treasurer State of MI decreased its position in shares of Great Plains Energy Inc (NYSE:GXP) by 8.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. Rmb Capital Management Llc acquired 68,018 shares as Select Bancorp Inc New (SLCT)'s stock rose 8.65%. The 7 months bullish chart indicates low risk for the $7.16 billion company. A company with a value of 0 is thought to be an undervalued company, while a company with a value of 100 is considered an overvalued company.

About 762,049 shares traded. Acxiom Corporation (NASDAQ:ACXM) has risen 34.36% since November 3, 2016 and is uptrending. It has outperformed by 41.94% the S&P500. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. It also reduced its holding in Targa Resources Corp. (NYSE:TRGP) by 941,212 shares in the quarter, leaving it with 147,181 shares, and cut its stake in Prologis Inc.

Great Plains Energy (NYSE:GXP) last released its earnings results on Wednesday, November 1st.

Investors sentiment decreased to 1.13 in 2017 Q2. Looking at some alternate time periods, the 12 month price index is 1.03634, the 24 month is 1.15106, and the 36 month is 0.86244. The legal version of this article can be accessed at https://weekherald.com/2017/11/02/great-plains-energy-inc-gxp-shares-sold-by-state-treasurer-state-of-michigan.html.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Its shares have trimmed -0.45% since hitting a peak level on October 30, 2017. The forward-looking statements contained herein include, but are not limited to, information regarding Great Plains Energy's dividend program and future payment obligations. Twin Tree Mngmt Lp accumulated 44,343 shares. First Citizens Savings Bank & Tru has 0.05% invested in Great Plains Energy Incorporated (NYSE:GXP) for 13,791 shares. Retirement Planning Gp reported 25,073 shares. Visionary Asset Mgmt owns 11,044 shares or 0.09% of their U.S. portfolio. Paragon Capital Mgmt reported 9,599 shares.

Great Plains Energy Incorporated (GXP)'s ROE is 3.83%, while industry's is 16.83%. The Rmb Capital Management Llc holds 670,111 shares with $8.19 million value, up from 602,093 last quarter. Of Vermont reported 100 shares or 0% of all its holdings. Prudential Public Limited Com has invested 0% in Great Plains Energy Incorporated (NYSE:GXP). Commonwealth Bank & Trust Of accumulated 0.54% or 1.82M shares. Cbre Clarion Secs Ltd Liability holds 32,800 shares or 0.01% of its portfolio. Covering sell-side analysts are estimating company growth for next year to be -1.38%. Therefore 50% are positive. A score of nine indicates a high value stock, while a score of one indicates a low value stock. Ocean Rig UDW had 14 analyst reports since August 10, 2015 according to SRatingsIntel. Piper Jaffray downgraded the shares of ORIG in report on Friday, March 11 to "Underweight" rating. Finally, KeyCorp reissued a "hold" rating on shares of Great Plains Energy in a report on Friday, September 1st. Also, insider Terry D. Bassham sold 6,370 shares of the firm's stock in a transaction dated Monday, September 18th. Suntrust Robinson maintained the shares of GXP in report on Monday, August 29 with "Neutral" rating. Finally, J P Morgan Chase & Co upgraded Great Plains Energy from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $31.00 to $32.00 in a report on Tuesday, July 11th. The company has an average rating of "Buy" and an average target price of $32.00.

Great Plains Energy Incorporated is a utility holding company. KeyBanc Capital Markets maintained the stock with "Hold" rating in Wednesday, October 18 report. It turned negative, as 79 investors sold BAC shares while 543 reduced holdings. The company was upgraded on Monday, October 3 by Bank of America. Kbc Group Nv reported 6.32M shares stake. Rudman Errol M reported 15,000 shares. Weaver C Barksdale Assocs has 471 shares for 0.02% of their portfolio. Capstone Asset Management Co. grew its position in Great Plains Energy by 0.4% during the second quarter.

The Return on Invested Capital (aka ROIC) for Chofu Seisakusho Co., Ltd. (TSE:5946) is 0.019074. Parametric Portfolio Ltd Llc has invested 0.02% in Great Plains Energy Incorporated (NYSE:GXP). Parsons Cap Mgmt Ri invested in 0.18% or 60,433 shares.



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