The 14,900 Shares in Great Plains Energy Inc (GXP) Acquired by Schroder Investment Management Group

The 14,900 Shares in Great Plains Energy Inc (GXP) Acquired by Schroder Investment Management Group

Schroder Investment Management Group acquired a new stake in shares of Great Plains Energy Inc (NYSE:GXP) during the third quarter, Holdings Channel reports. The fund acquired 14,900 shares of the company’s stock, valued at approximately $407,000.

A number of other institutional investors have also added to or reduced their stakes in GXP. Vanguard Group Inc. raised its stake in shares of Great Plains Energy by 14.8% in the second quarter. Vanguard Group Inc. now owns 13,136,467 shares of the company’s stock worth $399,348,000 after buying an additional 1,697,073 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Great Plains Energy by 20.5% in the third quarter. BlackRock Fund Advisors now owns 10,099,992 shares of the company’s stock worth $275,629,000 after buying an additional 1,717,362 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Great Plains Energy by 24.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,782,071 shares of the company’s stock worth $157,793,000 after buying an additional 1,149,431 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Great Plains Energy by 20.8% in the third quarter. Bank of New York Mellon Corp now owns 4,927,555 shares of the company’s stock worth $134,473,000 after buying an additional 846,985 shares in the last quarter. Finally, Boston Partners raised its stake in shares of Great Plains Energy by 8.2% in the third quarter. Boston Partners now owns 4,683,170 shares of the company’s stock worth $127,803,000 after buying an additional 356,659 shares in the last quarter. 90.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of Great Plains Energy Inc (NYSE:GXP) traded down 0.22% on Wednesday, reaching $27.43. 1,753,925 shares of the company traded hands. The company has a 50-day moving average of $27.31 and a 200-day moving average of $27.93. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 19.92 and a beta of 0.36. Great Plains Energy Inc has a 1-year low of $25.85 and a 1-year high of $32.74.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Stockholders of record on Tuesday, November 29th were paid a dividend of $0.275 per share. This is an increase from Great Plains Energy’s previous quarterly dividend of $0.26. This represents a $1.10 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Friday, November 25th. Great Plains Energy’s payout ratio is presently 79.71%.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Great Plains Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 19th. Barclays PLC upgraded Great Plains Energy from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $31.00 to $29.00 in a research note on Thursday, September 29th. Ladenburg Thalmann upgraded Great Plains Energy from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Wednesday, October 26th. Argus restated a “buy” rating and issued a $36.00 price objective on shares of Great Plains Energy in a research note on Friday, September 30th. Finally, Wolfe Research upgraded Great Plains Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, October 3rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Great Plains Energy has a consensus rating of “Buy” and a consensus target price of $31.43.

About Great Plains Energy

Great Plains Energy Incorporated is a public utility holding company. The Company operates through electric utility segment. The Company does not own or operate any assets other than the stock of its subsidiaries. The Company’s subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO).

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