Two Sigma Investments LP reduced its position in shares of Great Plains Energy Incorporated (NYSE:GXP) by 15.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,705,937 shares of the utilities provider’s stock after selling 488,649 shares during the quarter. Two Sigma Investments LP’s holdings in Great Plains Energy were worth $87,239,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of GXP. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Great Plains Energy during the 3rd quarter worth about $109,000. Cerebellum GP LLC purchased a new stake in shares of Great Plains Energy during the 4th quarter worth about $123,000. Advisory Services Network LLC boosted its stake in shares of Great Plains Energy by 62.7% during the 4th quarter. Advisory Services Network LLC now owns 5,950 shares of the utilities provider’s stock worth $192,000 after acquiring an additional 2,294 shares in the last quarter. ING Groep NV purchased a new stake in shares of Great Plains Energy during the 4th quarter worth about $204,000. Finally, HL Financial Services LLC purchased a new stake in shares of Great Plains Energy during the 3rd quarter worth about $205,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.
Great Plains Energy Incorporated (GXP) traded up $0.06 on Monday, hitting $30.19. 120,339 shares of the company traded hands, compared to its average volume of 1,486,898. Great Plains Energy Incorporated has a 52-week low of $27.60 and a 52-week high of $34.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.10 and a current ratio of 1.29. The firm has a market cap of $6,497.99, a P/E ratio of -46.35, a PEG ratio of 3.32 and a beta of 0.43.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Tuesday, February 27th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $1.10 annualized dividend and a dividend yield of 3.64%. Great Plains Energy’s dividend payout ratio (DPR) is presently -169.23%.
GXP has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Great Plains Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. SunTrust Banks reissued a “hold” rating and set a $31.00 target price on shares of Great Plains Energy in a research note on Tuesday, December 26th. ValuEngine upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. JPMorgan Chase & Co. reduced their price target on shares of Great Plains Energy from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Finally, UBS Group assumed coverage on shares of Great Plains Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $32.00 price target for the company. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Great Plains Energy currently has an average rating of “Buy” and an average target price of $31.86.
Great Plains Energy 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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