Great Plains Energy Inc (NYSE:GXP) has tumbled 1% during the past week and has dropped 3.97% in the last 4 week period. The company has outperformed the S&P 500 by 0.19% in the past week but underperformed the index by 4.85% in the last 4 weeks.
Great Plains Energy Inc (NYSE:GXP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.54 and $29.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.73, notching a gain of 0.17% for the day. The total traded volume was 2,214,628 . The stock had closed at $29.68 on the previous day.
The company shares have rallied 18.49% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $32.74 and the one year low was seen on Jun 30, 2015. The 50-Day Moving Average price is $30.49 and the 200 Day Moving Average price is recorded at $29.42.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP) of Great Plains Energy Inc, Deggendorf Michael had sold 9,000 shares worth of $278,190 in a transaction dated March 11, 2016. In this transaction, 9,000 shares were sold at $30.91 per share.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Barclays downgrades its rating on Great Plains Energy Inc (NYSE:GXP).The analysts at the brokerage house have a current rating of Underweight on the shares. Earlier, the shares were rated a Equal-weight by the brokerage firm. In a recent information released to the investors, Barclays maintains the price target of $28 per share. The rating by the firm was issued on June 2, 2016. Currently the company Insiders own 0.46% of Great Plains Energy Inc shares according to the proxy statements. Institutional Investors own 79.71% of Great Plains Energy Inc shares. During last six month period, the net percent change held by insiders has seen a change of -7.35%.
Great Plains Energy Incorporated (Great Plains Energy) is a public utility holding company. The Company does not own or operate any assets other than the stock of its subsidiaries. The Companys wholly owned direct 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. KCP&L has one active wholly owned subsidiary, Kansas City Power & Light Receivables Company (KCP&L Receivables Company). GMO is an integrated, regulated electric utility that provides electricity to customers in the state of Missouri. GMO also provides regulated steam service to certain customers in the St. Joseph, Missouri area. GMO has two active wholly owned subsidiaries, GMO Receivables Company and MPS Merchant Services, Inc. (MPS Merchant).