Great Plains Energy Incorporated (GXP) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Oct 3, 2016.
On the company’s financial health, Great Plains Energy Incorporated reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.42.Analysts expectations of $ 659.42.During the same quarter in the previous year, the company posted $0.28 EPS.
Great Plains Energy Incorporated closed down -0.46 points or -1.66% at $27.29 with 70,24,753 shares getting traded on Friday. Post opening the session at $27.91, the shares hit an intraday low of $27.22 and an intraday high of $27.985 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Mar 14, 2016, Michael Deggendorf (SVP) sold 9,000 shares at $30.91 per share price. According to the SEC, on Mar 11, 2016, Lori A Wright (VP – Corp Plan, IR, Treasurer) sold 1,950 shares at $30.58 per share price. On Mar 11, 2016, Heather A Humphrey (SVP-Corp Srv & General Counsel) sold 1,600 shares at $30.60 per share price, according to the Form-4 filing with the securities and exchange commission.
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).