Great Plains Energy Incorporated (GXP) Stock Is An 52-Week High Flier

October 12, 2017 - By Adrian Erickson

Investors sentiment decreased to 1.13 in Q2 2017. Its down 0.01, from 1.14 in 2017Q1. It is negative, as 38 investors sold Great Plains Energy Incorporated shares while 106 reduced holdings. 42 funds opened positions while 120 raised stakes. 183.97 million shares or 0.92% less from 185.68 million shares in 2017Q1 were reported.
871,921 are held by Victory Capital Mngmt. State Street Corp holds 0.01% or 5.74 million shares. Gamco Invsts Et Al holds 0.07% of its portfolio in Great Plains Energy Incorporated (NYSE:GXP) for 358,838 shares. Toronto Dominion Bancshares owns 7,499 shares or 0% of their US portfolio. 172,691 are held by Alliancebernstein Limited Partnership. Brookstone Cap Management has invested 0.03% of its portfolio in Great Plains Energy Incorporated (NYSE:GXP). Advsr Asset Mngmt owns 0.03% invested in Great Plains Energy Incorporated (NYSE:GXP) for 53,575 shares. Webster Bank & Trust N A holds 0% or 700 shares in its portfolio. Fifth Third National Bank & Trust holds 101 shares. Osborne Cap Mgmt invested in 0.13% or 30,541 shares. Dean Associates Limited Co, Ohio-based fund reported 24,708 shares. Swiss Savings Bank has invested 0.01% of its portfolio in Great Plains Energy Incorporated (NYSE:GXP). Wfg Advsr Limited Partnership invested in 27 shares or 0% of the stock. Los Angeles Capital Mngmt And Equity Research Incorporated holds 0% of its portfolio in Great Plains Energy Incorporated (NYSE:GXP) for 10,332 shares. Alpha Windward Ltd Liability Corporation holds 0.03% or 1,582 shares in its portfolio.

The stock of Great Plains Energy Incorporated (NYSE:GXP) hit a new 52-week high and has $33.79 target or 6.00 % above today’s $31.88 share price. The 8 months bullish chart indicates low risk for the $6.88B company. The 1-year high was reported on Oct, 12 by Barchart.com. If the $33.79 price target is reached, the company will be worth $412.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 810,434 shares traded. Great Plains Energy Incorporated (NYSE:GXP) has declined 7.52% since October 12, 2016 and is downtrending. It has underperformed by 24.22% the S&P500.

Analysts await Great Plains Energy Incorporated (NYSE:GXP) to report earnings on November, 2. They expect $1.00 earnings per share, 0.00 % or $0.00 from last year’s $1 per share. GXP’s profit will be $215.81 million for 7.97 P/E if the $1.00 EPS becomes a reality. After $0.43 actual earnings per share reported by Great Plains Energy Incorporated for the previous quarter, Wall Street now forecasts 132.56 % EPS growth.

Great Plains Energy Incorporated (NYSE:GXP) Ratings Coverage

Among 13 analysts covering Great Plains Energy (NYSE:GXP), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Great Plains Energy had 23 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was maintained by SunTrust on Monday, October 19 with “Neutral”. Argus Research maintained Great Plains Energy Incorporated (NYSE:GXP) on Thursday, March 10 with “Buy” rating. The firm earned “Neutral” rating on Monday, August 29 by Suntrust Robinson. The rating was upgraded by Zacks on Tuesday, August 25 to “Sell”. The firm has “Buy” rating by Bank of America given on Monday, October 3. The company was downgraded on Thursday, June 2 by Barclays Capital. The company was upgraded on Friday, September 4 by Zacks. The stock has “Overweight” rating by JP Morgan on Tuesday, July 11. As per Thursday, October 12, the company rating was maintained by JP Morgan. UBS initiated it with “Neutral” rating and $28 target in Thursday, January 5 report.

More news for Great Plains Energy Incorporated (NYSE:GXP) were recently published by: Businesswire.com, which released: “Great Plains Energy Announces Redemption of All of Its Outstanding Depositary …” on July 12, 2017. Businesswire.com‘s article titled: “Great Plains Energy and Westar Energy Announce Amended Agreement, Agree to a …” and published on July 10, 2017 is yet another important article.

Great Plains Energy Incorporated is a utility holding company. The company has market cap of $6.88 billion. The Firm operates through electric utility segment. It has a 31.03 P/E ratio. The Company’s subsidiaries with activities include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO).

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