Media coverage about Great Plains Energy (NYSE:GXP) has been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing 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 closest to one being the most favorable. Great Plains Energy earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 46.1532297488314 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Great Plains Energy (GXP) opened at 30.74 on Wednesday. The stock’s 50 day moving average is $31.02 and its 200-day moving average is $29.67. The stock has a market capitalization of $6.62 billion, a P/E ratio of 36.47 and a beta of 0.45. Great Plains Energy has a one year low of $25.85 and a one year high of $31.69.
Great Plains Energy (NYSE:GXP) last issued its earnings results on Wednesday, August 9th. The utilities provider reported $0.43 earnings per share 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 quarter in the prior year, the company earned $0.55 EPS. On average, equities research analysts expect that Great Plains Energy will post $1.60 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Tuesday, August 29th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Friday, August 25th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.58%. Great Plains Energy’s dividend payout ratio is 105.77%.
Several equities analysts have weighed in on GXP shares. Zacks Investment Research upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, May 23rd. BidaskClub upgraded shares of Great Plains Energy from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. J P Morgan Chase & Co upgraded shares of Great Plains Energy from a “neutral” rating to an “overweight” rating and raised their target price for the company from $31.00 to $32.00 in a report on Tuesday, July 11th. Finally, KeyCorp restated a “hold” rating on shares of Great Plains Energy in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $31.56.
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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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