Wealthtrust Axiom Lowers stake in Great Plains Energy Incorporated (GXP)

Great Plains Energy Incorporated (GXP) : Wealthtrust Axiom reduced its stake in Great Plains Energy Incorporated by 6.36% during the most recent quarter end. The investment management company now holds a total of 68,978 shares of Great Plains Energy Incorporated which is valued at $2,048,647 after selling 4,686 shares in Great Plains Energy Incorporated , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Great Plains Energy Incorporated makes up approximately 0.77% of Wealthtrust Axiom’s portfolio.

Other Hedge Funds, Including , Boston Advisors added GXP to its portfolio by purchasing 400,080 company shares during the most recent quarter which is valued at $11,882,376. Great Plains Energy Incorporated makes up approx 0.29% of Boston Advisors’s portfolio. Old Mutual Global Investors (uk) Ltd. added GXP to its portfolio by purchasing 934,140 company shares during the most recent quarter which is valued at $28,472,587. Great Plains Energy Incorporated makes up approx 0.51% of Old Mutual Global Investors (uk) Ltd.’s portfolio.State Of Alaska Department Of Revenue boosted its stake in GXP in the latest quarter, The investment management firm added 865 additional shares and now holds a total of 12,470 shares of Great Plains Energy Incorporated which is valued at $375,721. Great Plains Energy Incorporated makes up approx 0.04% of State Of Alaska Department Of Revenue’s portfolio.Cutler Group Lp boosted its stake in GXP in the latest quarter, The investment management firm added 73 additional shares and now holds a total of 8,853 shares of Great Plains Energy Incorporated which is valued at $273,292. Great Plains Energy Incorporated makes up approx 0.02% of Cutler Group Lp’s portfolio.

Great Plains Energy Incorporated closed down -0.01 points or -0.03% at $29.78 with 11,81,054 shares getting traded on Friday. Post opening the session at $29.75, the shares hit an intraday low of $29.635 and an intraday high of $29.95 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Great Plains Energy Incorporated reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $0.17.Analysts expectations of $ 652.45.During the same quarter in the previous year, the company posted $0.12 EPS.

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 Company’s 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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