Great Plains Energy Inc (GXP) Expected to Post Q3 2017 Earnings of $0.96 Per Share

Great Plains Energy Inc (NYSE:GXP) – Stock analysts at KeyCorp issued their Q3 2017 EPS estimates for shares of Great Plains Energy in a research note issued to investors on Wednesday. KeyCorp analyst P. Ridzon forecasts that the utilities provider will post earnings per share of $0.96 for the quarter. KeyCorp currently has a “Hold” rating on the stock.

A number of other analysts also recently weighed in on the company. Zacks Investment Research upgraded Great Plains Energy from a “sell” rating to a “hold” rating in a research note on Friday, July 14th. BidaskClub upgraded Great Plains Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. J P Morgan Chase & Co upgraded Great Plains Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $31.00 to $32.00 in a research note on Tuesday, July 11th. SunTrust Banks, Inc. restated a “hold” rating and issued a $30.00 price target on shares of Great Plains Energy in a research note on Wednesday, October 4th. Finally, Wells Fargo & Co upgraded Great Plains Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Great Plains Energy currently has a consensus rating of “Buy” and a consensus target price of $31.43.

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Great Plains Energy (NYSE GXP) opened at 32.07 on Friday. The firm has a market capitalization of $6.91 billion, a P/E ratio of 38.04 and a beta of 0.44. Great Plains Energy has a 52 week low of $25.85 and a 52 week high of $32.25. The stock’s 50 day moving average price is $30.95 and its 200 day moving average price is $30.03.

Great Plains Energy (NYSE:GXP) last announced its earnings results on Wednesday, August 9th. The utilities provider reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.04). The business had revenue of $682.60 million for the quarter, compared to analyst estimates 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 period in the previous year, the company earned $0.55 earnings per share.

In other Great Plains Energy news, SVP Heather A. Humphrey sold 3,500 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $30.86, for a total transaction of $108,010.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Terry D. Bassham sold 6,370 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $30.54, for a total value of $194,539.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,391 shares of company stock worth $838,626. 0.41% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. boosted its position in Great Plains Energy by 17.9% during the first quarter. Nomura Asset Management Co. Ltd. now owns 3,420 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 520 shares in the last quarter. Proficio Capital Partners LLC boosted its position in Great Plains Energy by 312.2% during the first quarter. Proficio Capital Partners LLC now owns 3,710 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 2,810 shares in the last quarter. Ffcm LLC boosted its position in Great Plains Energy by 171.5% during the second quarter. Ffcm LLC now owns 4,018 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 2,538 shares in the last quarter. First Command Bank boosted its position in Great Plains Energy by 100.0% during the second quarter. First Command Bank now owns 4,400 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Advisory Services Network LLC boosted its position in Great Plains Energy by 0.9% during the second quarter. Advisory Services Network LLC now owns 4,793 shares of the utilities provider’s stock worth $140,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 87.90% of the company’s stock.

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.

Earnings History and Estimates for Great Plains Energy (NYSE:GXP)

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