Large Outflow of Money Witnessed in Great Plains Energy Inc

Great Plains Energy Inc (NYSE:GXP) traded on a positive note gaining 0.06 points or 0.2% to be valued at $30.09 per share. Intraday, the shares aggregated $7.82 million in upticks but saw an exodus of $13.99 million in downticks. The net money flow was calculated to be $(-6.17) million with the final up/down ratio coming in at 0.56. The share price has seen a change of 5.58% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $6.97 million in downticks. The net money flow for the block exchange was disappointing at $(-6.97) Million.


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%. On the companys insider trading activities, Deggendorf Michael, officer (SVP) of Great Plains Energy Inc, unloaded 9,000 shares at an average price of $30.91 on March 11, 2016. The total amount of the transaction was worth $278,190, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Great Plains Energy Inc (NYSE:GXP) : On Monday heightened volatility was witnessed in Great Plains Energy Inc (NYSE:GXP) which led to swings in the share price. The stock opened for trading at $30.01 and hit $30.335 on the upside , eventually ending the session at $30.09, with a gain of 0.2% or 0.06 points. The heightened volatility saw the trading volume jump to 2,543,378 shares. The 52-week high of the share price is $32.74 and the company has a market cap of $4,655 million. The 52-week low of the share price is at $24.06 .

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Barclays downgrades its outlook on Great Plains Energy Inc (NYSE:GXP). The current rating of the shares is Underweight, according to the research report released by the firm. Previously, the company had a rating of Equal-weight. The brokerage firm maintains the price target at $28 per share. The rating by the firm was issued on June 2, 2016.

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).

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