Lynch Associatesin Exits Position in Great Plains Energy Incorporated (GXP)

Great Plains Energy Incorporated (GXP) : Lynch Associatesin has sold out all of its stake in Great Plains Energy Incorporated during the most recent quarter, according to the disclosure filed by the company on Oct 4, 2016 with the SEC. The investment management company has sold out 7,610 shares of Great Plains Energy Incorporated which is valued at $202,426.

Great Plains Energy Incorporated closed down -0.67 points or -2.46% at $26.58 with 92,00,254 shares getting traded on Tuesday. Post opening the session at $27.15, the shares hit an intraday low of $26.37 and an intraday high of $27.18 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Many Wall Street Analysts have commented on Great Plains Energy Incorporated. Great Plains Energy Incorporated was Upgraded by BofA/Merrill to ” Buy” on Oct 3, 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 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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