Brokerages Set Great Plains Energy Inc (GXP) PT at $31.60

Brokerages Set Great Plains Energy Inc (GXP) PT at $31.60

Shares of Great Plains Energy Inc (NYSE:GXP) have been given a consensus rating of “Buy” by the eight research firms that are currently covering the company. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $31.60.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Great Plains Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 19th. Ladenburg Thalmann Financial Services raised shares of Great Plains Energy from a “neutral” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday, October 26th. Wolfe Research raised shares of Great Plains Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, October 3rd. Finally, Bank of America Corporation raised shares of Great Plains Energy from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Monday, October 3rd.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado increased its position in shares of Great Plains Energy by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 4,987 shares of the company’s stock valued at $136,000 after buying an additional 21 shares during the last quarter. Advisor Group Inc. increased its position in shares of Great Plains Energy by 4.2% in the third quarter. Advisor Group Inc. now owns 5,377 shares of the company’s stock valued at $148,000 after buying an additional 216 shares during the last quarter. TrueNorth Inc. acquired a new position in shares of Great Plains Energy during the third quarter valued at approximately $150,000. Tower Research Capital LLC TRC increased its position in shares of Great Plains Energy by 912.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,001 shares of the company’s stock valued at $152,000 after buying an additional 4,507 shares during the last quarter. Finally, Invictus RG increased its position in shares of Great Plains Energy by 4,528.5% in the second quarter. Invictus RG now owns 6,665 shares of the company’s stock valued at $203,000 after buying an additional 6,521 shares during the last quarter. 89.87% of the stock is owned by institutional investors and hedge funds.

Shares of Great Plains Energy (NYSE:GXP) opened at 27.02 on Friday. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 19.62 and a beta of 0.36. The firm’s 50-day moving average is $27.42 and its 200-day moving average is $27.77. Great Plains Energy has a one year low of $25.85 and a one year high of $32.74.

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).

Related posts

Leave a Comment