Zimmer Partners Lp buys $136,673,227 stake in Great Plains Energy Incorporated (GXP)

Great Plains Energy Incorporated (GXP) : Zimmer Partners Lp scooped up 3,203,771 additional shares in Great Plains Energy Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 5,026,599 shares of Great Plains Energy Incorporated which is valued at $136,673,227.Great Plains Energy Incorporated makes up approximately 3.99% of Zimmer Partners Lp’s portfolio.

Other Hedge Funds, Including , Oppenheimerfunds boosted its stake in GXP in the latest quarter, The investment management firm added 2,115 additional shares and now holds a total of 15,067 shares of Great Plains Energy Incorporated which is valued at $409,672. Quadrature Capital Ltd added GXP to its portfolio by purchasing 93,167 company shares during the most recent quarter which is valued at $2,552,776. Great Plains Energy Incorporated makes up approx 0.22% of Quadrature Capital Ltd’s portfolio. Quantbot Technologies Lp sold out all of its stake in GXP during the most recent quarter. The investment firm sold 85,983 shares of GXP which is valued $2,396,346.Howe Rusling Inc boosted its stake in GXP in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 96 shares of Great Plains Energy Incorporated which is valued at $2,608.

Great Plains Energy Incorporated closed down -0.25 points or -0.92% at $26.96 with 43,68,534 shares getting traded on Monday. Post opening the session at $27.18, the shares hit an intraday low of $26.88 and an intraday high of $27.3 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Great Plains Energy Incorporated reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.94.Analysts expectations of $ 826.89.During the same quarter in the previous year, the company posted $0.82 EPS.

Investors should note that on Nov 1, 2016, Great Plains Energy Incorporated announced a cash dividend of $0.2750. The company’s management has announced Nov 25, 2016 as the ex-dividend date and fixed the record date on Nov 29, 2016. The payable date has been fixed on Dec 20, 2016.

Many Wall Street Analysts have commented on Great Plains Energy Incorporated. Great Plains Energy Incorporated was Upgraded by Ladenburg Thalmann to ” Buy” on Oct 26, 2016. 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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