Great Plains Energy Inc (GXP) Holdings Lifted by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. raised its stake in shares of Great Plains Energy Inc (NYSE:GXP) by 128.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,000 shares of the utilities provider’s stock after purchasing an additional 141,800 shares during the quarter. Great Plains Energy comprises 2.6% of Banco BTG Pactual S.A.’s holdings, making the stock its 11th biggest position. Banco BTG Pactual S.A. owned approximately 0.12% of Great Plains Energy worth $7,379,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its stake in Great Plains Energy by 17.9% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 3,420 shares of the utilities provider’s stock valued at $100,000 after purchasing an additional 520 shares in the last quarter. Proficio Capital Partners LLC increased its stake in Great Plains Energy by 312.2% during the 1st quarter. Proficio Capital Partners LLC now owns 3,710 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 2,810 shares in the last quarter. Ffcm LLC increased its stake in Great Plains Energy by 171.5% during the 2nd 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 in the last quarter. First Command Bank increased its stake in Great Plains Energy by 100.0% during the 2nd quarter. First Command Bank now owns 4,400 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 2,200 shares in the last quarter. Finally, V Wealth Management LLC acquired a new position in Great Plains Energy during the 2nd quarter valued at approximately $191,000. Institutional investors and hedge funds own 87.90% of the company’s stock.

Great Plains Energy Inc (GXP) traded up 0.90% during mid-day trading on Tuesday, hitting $31.35. 1,034,758 shares of the stock traded hands. Great Plains Energy Inc has a 12-month low of $25.85 and a 12-month high of $31.69. The company has a 50 day moving average of $30.74 and a 200-day moving average of $29.85. The stock has a market cap of $6.75 billion, a PE ratio of 37.19 and a beta of 0.44.

Great Plains Energy (NYSE:GXP) last announced its earnings results on Wednesday, August 9th. The utilities provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The business had revenue of $682.60 million during the quarter, compared to analyst estimates of $677.00 million. Great Plains Energy had a net margin of 8.00% and a return on equity of 5.62%. During the same period in the previous year, the firm earned $0.55 earnings per share. Equities research analysts forecast that Great Plains Energy Inc will post $1.60 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Tuesday, August 29th were issued a $0.275 dividend. The ex-dividend date was Friday, August 25th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.54%. Great Plains Energy’s payout ratio is 105.77%.

TRADEMARK VIOLATION WARNING: This piece was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally stolen and republished in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://ledgergazette.com/2017/10/10/great-plains-energy-inc-gxp-holdings-lifted-by-banco-btg-pactual-s-a.html.

GXP has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Tuesday, July 25th. KeyCorp restated a “hold” rating on shares of Great Plains Energy in a research note on Friday, September 1st. SunTrust Banks, Inc. restated a “hold” rating and set a $30.00 price target on shares of Great Plains Energy in a research note on Wednesday, October 4th. Finally, Wells Fargo & Company upgraded shares of Great Plains Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, October 2nd. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.86.

In other news, VP Lori A. Wright sold 7,668 shares of Great Plains Energy stock in a transaction on Monday, September 18th. The shares were sold at an average price of $30.54, for a total value of $234,180.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Terry D. Bassham sold 6,370 shares of Great Plains Energy stock in a transaction on Monday, September 18th. The shares were sold at an average price of $30.54, for a total transaction

Other institutional investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its stake in Great Plains Energy by 17.9% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 3,420 shares of the utilities provider’s stock valued at $100,000 after purchasing an additional 520 shares in the last quarter. Proficio Capital Partners LLC increased its stake in Great Plains Energy by 312.2% during the 1st quarter. Proficio Capital Partners LLC now owns 3,710 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 2,810 shares in the last quarter. Ffcm LLC increased its stake in Great Plains Energy by 171.5% during the 2nd 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 in the last quarter. First Command Bank increased its stake in Great Plains Energy by 100.0% during the 2nd quarter. First Command Bank now owns 4,400 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 2,200 shares in the last quarter. Finally, V Wealth Management LLC acquired a new position in Great Plains Energy during the 2nd quarter valued at approximately $191,000. Institutional investors and hedge funds own 87.90% of the company’s stock.

Great Plains Energy Inc (GXP) traded up 0.90% during mid-day trading on Tuesday, hitting $31.35. 1,034,758 shares of the stock traded hands. Great Plains Energy Inc has a 12-month low of $25.85 and a 12-month high of $31.69. The company has a 50 day moving average of $30.74 and a 200-day moving average of $29.85. The stock has a market cap of $6.75 billion, a PE ratio of 37.19 and a beta of 0.44.

Great Plains Energy (NYSE:GXP) last announced its earnings results on Wednesday, August 9th. The utilities provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The business had revenue of $682.60 million during the quarter, compared to analyst estimates of $677.00 million. Great Plains Energy had a net margin of 8.00% and a return on equity of 5.62%. During the same period in the previous year, the firm earned $0.55 earnings per share. Equities research analysts forecast that Great Plains Energy Inc will post $1.60 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Tuesday, August 29th were issued a $0.275 dividend. The ex-dividend date was Friday, August 25th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.54%. Great Plains Energy’s payout ratio is 105.77%.

TRADEMARK VIOLATION WARNING: This piece was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally stolen and republished in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://ledgergazette.com/2017/10/10/great-plains-energy-inc-gxp-holdings-lifted-by-banco-btg-pactual-s-a.html.

GXP has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Tuesday, July 25th. KeyCorp restated a “hold” rating on shares of Great Plains Energy in a research note on Friday, September 1st. SunTrust Banks, Inc. restated a “hold” rating and set a $30.00 price target on shares of Great Plains Energy in a research note on Wednesday, October 4th. Finally, Wells Fargo & Company upgraded shares of Great Plains Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, October 2nd. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.86.

In other news, VP Lori A. Wright sold 7,668 shares of Great Plains Energy stock in a transaction on Monday, September 18th. The shares were sold at an average price of $30.54, for a total value of $234,180.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Terry D. Bassham sold 6,370 shares of Great Plains Energy stock in a transaction on Monday, September 18th. The shares were sold at an average price of $30.54, for a total transaction of $194,539.80. The disclosure for this sale can be found here. Insiders sold a total of 27,391 shares of company stock worth $838,626 over the last ninety days. Corporate insiders own 0.41% of the company’s stock.

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.

Institutional Ownership by Quarter for Great Plains Energy (NYSE:GXP)

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