Janus Capital Management LLC decreased its position in shares of Great Plains Energy Incorporated (NYSE:GXP) by 90.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,100 shares of the company’s stock after selling 201,400 shares during the period. Janus Capital Management LLC’s holdings in Great Plains Energy were worth $604,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. A.R.T. Advisors LLC boosted its position in Great Plains Energy by 405.2% in the fourth quarter. A.R.T. Advisors LLC now owns 156,600 shares of the company’s stock worth $4,283,000 after buying an additional 125,600 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in Great Plains Energy during the fourth quarter worth $1,037,000. Envestnet Asset Management Inc. boosted its position in Great Plains Energy by 22.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,476 shares of the company’s stock worth $148,000 after buying an additional 1,008 shares during the last quarter. Capstone Investment Advisors LLC boosted its position in Great Plains Energy by 21.4% in the fourth quarter. Capstone Investment Advisors LLC now owns 63,999 shares of the company’s stock worth $1,750,000 after buying an additional 11,299 shares during the last quarter. Finally, Menta Capital LLC boosted its position in Great Plains Energy by 113.7% in the fourth quarter. Menta Capital LLC now owns 208,106 shares of the company’s stock worth $5,692,000 after buying an additional 110,708 shares during the last quarter. 90.15% of the stock is currently owned by hedge funds and other institutional investors.
Great Plains Energy Incorporated (NYSE:GXP) opened at 28.57 on Tuesday. The stock has a market capitalization of $6.15 billion, a PE ratio of 17.75 and a beta of 0.40. The stock’s 50 day moving average price is $28.19 and its 200-day moving average price is $27.54. Great Plains Energy Incorporated has a 52-week low of $25.85 and a 52-week high of $32.74.
Great Plains Energy (NYSE:GXP) last announced its earnings results on Thursday, February 23rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.03. Great Plains Energy had a return on equity of 7.87% and a net margin of 8.06%. During the same quarter last year, the company posted $0.15 EPS. On average, equities analysts expect that Great Plains Energy Incorporated will post $1.77 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 20th. Investors of record on Monday, February 27th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Thursday, February 23rd. Great Plains Energy’s dividend payout ratio is currently 79.71%.
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A number of research firms have recently weighed in on GXP. Zacks Investment Research cut Great Plains Energy from a “hold” rating to a “sell” rating in a research report on Monday, March 13th. Barclays PLC reaffirmed an “equal weight” rating and set a $30.00 price objective (up from $27.00) on shares of Great Plains Energy in a research report on Saturday, March 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Great Plains Energy currently has a consensus rating of “Hold” and a consensus price target of $32.00.
Great Plains Energy Company Profile
Great Plains Energy Incorporated is a public utility holding company. The Company operates through electric utility segment. The Company does not own or operate any assets other than the stock of its subsidiaries. The Company’s subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO).
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