Great Plains Energy Inc (GXP) : During the past 4 weeks, traders have been relatively bearish on Great Plains Energy Inc (GXP), hence the stock is down -6.82% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.51% relative to the S&P 500. The 4-week change in the price of the stock is -5.86% and the stock has fallen -0.46% in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.68% and the 50-Day Moving Average is 4.46%. Great Plains Energy Inc (NYSE:GXP): On Fridays trading session , Opening price of the stock was $28.76 with an intraday high of $28.78. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.425. However, the stock managed to close at $28.44, a loss of 0.42% for the day. On the previous day, the stock had closed at $28.56. The total traded volume of the day was 870,946 shares.
The company Insiders own 0.46% of Great Plains Energy Inc shares according to the proxy statements. Institutional Investors own 80.61% 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%. Also, Equity Analysts at the Brokerage Firm, JP Morgan, maintains their rating on the shares of Great Plains Energy Inc (NYSE:GXP). JP Morgan has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $32 per share from a prior target of $31. The rating by the firm was issued on July 15, 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).