Great Plains Energy (GXP) Stock Rating Upgraded by ValuEngine

Great Plains Energy (NYSE:GXP) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

GXP has been the subject of a number of other research reports. SunTrust Banks set a $29.00 target price on Great Plains Energy and gave the company a “hold” rating in a research note on Tuesday, January 16th. Zacks Investment Research lowered Great Plains Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. JPMorgan Chase increased their target price on Great Plains Energy from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, April 10th. Morgan Stanley upgraded Great Plains Energy to a “buy” rating and set a $26.00 target price for the company in a research note on Tuesday, February 13th. Finally, UBS assumed coverage on Great Plains Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $32.00 target price for the company. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.83.

GXP stock opened at $31.91 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.29 and a debt-to-equity ratio of 0.67. Great Plains Energy has a 1 year low of $27.60 and a 1 year high of $34.72. The stock has a market capitalization of $6,765.42, a PE ratio of 18.34, a P/E/G ratio of 4.31 and a beta of 0.33.



Great Plains Energy (NYSE:GXP) last posted its earnings results on Wednesday, February 21st. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. Great Plains Energy had a positive return on equity of 5.25% and a negative net margin of 3.92%. The business had revenue of $597.70 million during the quarter, compared to analyst estimates of $606.26 million. During the same quarter last year, the firm earned $0.13 earnings per share. equities analysts predict that Great Plains Energy will post 1.77 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System grew its stake in Great Plains Energy by 0.5% during the 4th quarter. California State Teachers Retirement System now owns 368,124 shares of the utilities provider’s stock valued at $11,868,000 after purchasing an additional 2,009 shares in the last quarter. Advisor Group Inc. grew its stake in Great Plains Energy by 25.4% during the 4th quarter. Advisor Group Inc. now owns 9,939 shares of the utilities provider’s stock valued at $321,000 after purchasing an additional 2,015 shares in the last quarter. Advisory Services Network LLC grew its stake in Great Plains Energy by 62.7% during the 4th quarter. Advisory Services Network LLC now owns 5,950 shares of the utilities provider’s stock valued at $192,000 after purchasing an additional 2,294 shares in the last quarter. Amalgamated Bank grew its stake in Great Plains Energy by 5.9% during the 4th quarter. Amalgamated Bank now owns 43,557 shares of the utilities provider’s stock valued at $1,404,000 after purchasing an additional 2,446 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Great Plains Energy by 38.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,472 shares of the utilities provider’s stock valued at $402,000 after purchasing an additional 3,457 shares in the last quarter. Hedge funds and other institutional investors own 85.94% of the company’s stock.

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Great Plains Energy Company Profile

Great Plains Energy Incorporated, through its subsidiaries, generates, transmits, distributes, and sells electricity. It also provides regulated steam services in St. Joseph, Missouri. The company generates electricity using coal, nuclear, natural gas, oil, wind, solar, landfill gas, and hydroelectric resources.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Great Plains Energy (NYSE:GXP)

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