March 24, 2018

First Trust Advisors LP Cuts Stake in Great Plains Energy Inc (GXP)

12 August 2017, 11:22 | Rodolfo Wallace

Geode Capital Mngmt Ltd Co holds 0.02% or 1.51 million shares. The $4.5 million increase from the 2016 Quarter to the 2017 Quarter was primarily related to an increase of $3.6 million in contract research organization expense for outsourced biology, development and clinical services, which includes our clinical trial costs, an increase of around $894,000 in consulting fees, and an increase in personnel related costs of around $244,000. It has underperformed by 40.72% the S&P500. As of the end of the quarter Dimensional Fund Advisors Lp had acquired 2,510 shares growing its stake by 0.4%.

Great Plains Energy Incorporate shares had a trading volume of 2,975K by the end of trading on Friday. Boston Partners now owns 6,790,947 shares of the utilities provider's stock valued at $198,431,000 after buying an additional 1,705,973 shares in the last quarter. The company has a market capitalization of $6.66 billion, a P/E ratio of 36.64 and a beta of 0.44. It closed at $31.42 lastly. Strongbridge Biopharma plc (SBBP) has declined 15.09% since August 10, 2016 and is downtrending. It has underperformed by 24.22% the S&P500.

Investors sentiment decreased to 1.35 in 2016 Q4. The utilities provider reported $0.43 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.47 by $0.04.

Several large investors have recently made changes to their positions in GXP. Sold All: 42 Reduced: 92 Increased: 129 New Position: 52. The total value of its holdings decreased 0.0%.

Shares of Great Plains Energy (NYSE GXP) traded down 0.93% during midday trading on Tuesday, reaching $30.89. To dig out factors, always good to learn who else owns shares, the institutional owner includes mutual funds and pension funds are major players. Mendon Cap Advsrs Corp owns 245,477 shares or 0.19% of their USA portfolio. Clearbridge Invs Limited Liability Company reported 417,885 shares stake. Great Plains Energy Incorporated (GXP)'s RSI (Relative Strength Index) is 71.13.

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In the past 5 years, the stock showed growth of -0.57% per annum. Alliancebernstein Lp has 0% invested in Great Plains Energy Incorporated (NYSE:GXP) for 131,196 shares.

Shares of Great Plains Energy Inc (NYSE:GXP) have been given an average rating of "Buy" by the eleven ratings firms that are covering the company, reports. Macquarie Group Inc Limited accumulated 73,500 shares. The stock stands almost 0.25% off versus the 52-week high and 22.17% away from the 52-week low.

Riverhead Capital Management Llc decreased Hewlett Packard Enterprise Co stake by 16,621 shares to 86,868 valued at $2.01 million in 2016Q4. It also reduced Kkr Financial 7.50 Srnts Call (NYSE:KFI) stake by 16,450 shares and now owns 162,599 shares. Ptc Inc (NASDAQ:PTC) was reduced too. Hancock Holding Co added to its ownership by buying 483,010 shares an increase of 26,307.7%. Therefore 50% are positive. On average, equities research analysts forecast that Great Plains Energy will post $1.66 EPS for the current year. Stockholders of record on Tuesday, August 29th will be issued a $0.275 dividend. The stock has "Buy" rating by Ladenburg Thalmann on Wednesday, October 26.

On July 11 the company was upgraded to "Overweight" from "Neutral" in a report from JP Morgan. The rating was downgraded by Bank of America to "Neutral" on Tuesday, January 12. The rating was maintained by Suntrust Robinson with "Neutral" on Monday, August 29. As per Monday, August 10, the company rating was downgraded by Zacks. Finally, BidaskClub raised Great Plains Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, June 21st. Great Plains Energy's dividend payout ratio is 105.77%. The company was initiated on Thursday, January 5 by UBS. Also, the Hold rating count is 7 as of 08/08/17. Umb Retail Bank N A Mo stated it has 52,443 shares. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Linear Technology Corporation had 22 analyst reports since July 22, 2015 according to SRatingsIntel. The median target of analyst views collected by Yahoo Finance was as much as $0.12 below GXP's recent stock price. The stock of Pennsylvania R.E.I.T. (NYSE:PEI) earned "Outperform" rating by Boenning & Scattergood on Wednesday, April 6. On September 29 the company was upgraded from "Underweight" to "Equal-weight" with a current price target of $29.00 by analysts at Barclays. Keefe Bruyette & Woods maintained the stock with "Hold" rating in Tuesday, August 1 report.

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