Great Plains Energy Inc (GXP): Price Target and June Short Interest Disclosure

Great Plains Energy Inc (GXP) : 5 investment research analysts covering Great Plains Energy Inc (GXP) have an average price target of $30 for the near short term. The highest target price given by the Brokerage Firm to the stock is $32 and the lowest target is $27 for the short term. Analysts expect the variance to be within $2.35 of the average price.

Great Plains Energy Inc (GXP) has witnessed a rise of 15.3% or 649,944 shares in its short figure. The short interest augmentation took it from 4,242,452 on June 15,2016 to 4,892,396 on June 30,2016. In terms of floated shares, the short interest was calculated to be 3.2%. The days to cover are 2 given that the daily volume averaged 2,205,998 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Brokerage firm Barclays downgrades its rating on Great Plains Energy Inc (NYSE:GXP). In a research note issued to the investors, the brokerage major maintains price-target of $28 per share.The shares have been rated Underweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by the firm was issued on June 2, 2016.


Great Plains Energy Inc (NYSE:GXP): On Thursdays trading session , Opening price of the stock was $30.69 with an intraday high of $30.81. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $30.195. However, the stock managed to close at $30.32, a loss of 1.78% for the day. On the previous day, the stock had closed at $30.87. The total traded volume of the day was 2,705,317 shares.

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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