Headlines about Great Plains Energy (NYSE:GXP) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Great Plains Energy earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 45.3458911649689 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of research firms have recently commented on GXP. Zacks Investment Research cut shares of Great Plains Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub raised shares of Great Plains Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. J P Morgan Chase & Co upgraded shares of Great Plains Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $31.00 to $32.00 in a report on Tuesday, July 11th. Finally, KeyCorp reiterated a “hold” rating on shares of Great Plains Energy in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.56.
Shares of Great Plains Energy (GXP) traded up 0.26% on Friday, reaching $30.84. 2,971,273 shares of the company were exchanged. The firm has a market capitalization of $6.64 billion, a PE ratio of 36.58 and a beta of 0.45. The stock’s 50-day moving average is $31.03 and its 200 day moving average is $29.64. Great Plains Energy has a 12-month low of $25.85 and a 12-month high of $31.69.
Great Plains Energy (NYSE:GXP) last released its earnings results on Wednesday, August 9th. The utilities provider reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.04). The firm had revenue of $682.60 million during the quarter, compared to the consensus estimate of $677.00 million. Great Plains Energy had a return on equity of 5.62% and a net margin of 8.00%. During the same quarter in the previous year, the firm earned $0.55 EPS. On average, analysts forecast that Great Plains Energy will post $1.60 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Tuesday, August 29th will be given a $0.275 dividend. The ex-dividend date of this dividend is Friday, August 25th. This represents a $1.10 annualized dividend and a yield of 3.56%. Great Plains Energy’s payout ratio is currently 105.77%.
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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