Published On: Fri, Sep 9th, 2016

Great Plains Energy Inc. (GXP) Updates FY16 Earnings Guidance

Great Plains Energy Inc. (NYSE:GXP) issued an update on its FY16 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $1.65-1.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.73.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Great Plains Energy from a sell rating to a hold rating in a report on Monday, May 23rd. JPMorgan Chase & Co. lifted their price objective on Great Plains Energy from $31.00 to $32.00 and gave the stock a neutral rating in a report on Friday, July 15th. Barclays PLC lowered Great Plains Energy from an equal weight rating to an underweight rating and decreased their price objective for the stock from $28.97 to $28.00 in a report on Thursday, June 2nd. Finally, SunTrust Banks Inc. decreased their price objective on Great Plains Energy from $30.00 to $29.00 and set a neutral rating for the company in a report on Monday, August 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Great Plains Energy presently has a consensus rating of Hold and a consensus target price of $30.14.
Shares of Great Plains Energy Inc. (NYSE:GXP) opened at 27.68 on Friday. The company has a market cap of $4.28 billion, a P/E ratio of 20.70 and a beta of 0.43. Great Plains Energy Inc. has a 12 month low of $24.40 and a 12 month high of $32.74. The stock’s 50 day moving average price is $28.63 and its 200-day moving average price is $30.20.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/09/great-plains-energy-inc-gxp-updates-fy16-earnings-guidance.html

Great Plains Energy (NYSE:GXP) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.16. During the same period in the prior year, the company earned $0.28 EPS. Equities research analysts expect that Great Plains Energy Inc. will post $1.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Monday, August 29th will be issued a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Thursday, August 25th. Great Plains Energy’s payout ratio is currently 78.36%.
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).

Receive News & Ratings for Great Plains Energy Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Great Plains Energy Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>