Great Plains Energy Incorporated (NYSE:GXP) – Research analysts at Gabelli decreased their FY2019 earnings per share (EPS) estimates for shares of Great Plains Energy in a note issued to investors on Thursday. Gabelli analyst T. Winter now anticipates that the utilities provider will earn $2.00 per share for the year, down from their previous forecast of $2.05.

Great Plains Energy (NYSE:GXP) last posted its quarterly earnings data on Thursday, February 23rd. The utilities provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. Great Plains Energy had a net margin of 8.06% and a return on equity of 7.87%. The firm earned $576.30 million during the quarter, compared to analysts’ expectations of $570.88 million. During the same quarter in the previous year, the company posted $0.15 EPS. ILLEGAL ACTIVITY WARNING: “Gabelli Weighs in on Great Plains Energy Incorporated’s FY2019 Earnings (GXP)” was originally reported by Financial Market News and is the property of of Financial Market News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.financial-market-news.com/2017/04/21/gabelli-weighs-in-on-great-plains-energy-incorporateds-fy2019-earnings-gxp.html.

Earnings History and Estimates for Great Plains Energy (NYSE:GXP)

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Great Plains Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Evercore ISI reiterated an “outperform” rating and set a $31.00 price objective on shares of Great Plains Energy in a report on Thursday, March 30th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $30.00 price objective (up from $27.00) on shares of Great Plains Energy in a report on Saturday, March 11th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Great Plains Energy presently has a consensus rating of “Buy” and a consensus target price of $31.88.

Great Plains Energy (NYSE:GXP) traded up 0.10% on Friday, reaching $29.58. 2,985,413 shares of the company traded hands. The company has a market capitalization of $6.36 billion, a PE ratio of 18.37 and a beta of 0.40. The stock has a 50-day moving average of $29.03 and a 200 day moving average of $27.85. Great Plains Energy has a 52-week low of $25.85 and a 52-week high of $32.24.

Several hedge funds and other institutional investors have recently modified their holdings of GXP. State of Alaska Department of Revenue boosted its position in shares of Great Plains Energy by 4.6% in the first quarter. State of Alaska Department of Revenue now owns 14,721 shares of the utilities provider’s stock worth $430,000 after buying an additional 651 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Great Plains Energy by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 54,400 shares of the utilities provider’s stock worth $1,590,000 after buying an additional 1,200 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of Great Plains Energy by 1.8% in the first quarter. Capstone Asset Management Co. now owns 19,492 shares of the utilities provider’s stock worth $570,000 after buying an additional 350 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Great Plains Energy by 8.8% in the first quarter. Raymond James Trust N.A. now owns 13,904 shares of the utilities provider’s stock worth $406,000 after buying an additional 1,121 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of Great Plains Energy by 63.3% in the fourth quarter. Macquarie Group Ltd. now owns 73,500 shares of the utilities provider’s stock worth $2,010,000 after buying an additional 28,500 shares in the last quarter. Hedge funds and other institutional investors own 90.15% of the company’s stock.

Great Plains Energy Company Profile

Great Plains Energy Incorporated (Great Plains Energy) is a utility holding company. The Company operates through electric utility segment. The Company’s subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO). KCP&L is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and Kansas.

5 Day Chart for NYSE:GXP

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