SunTrust Robinson Humphrey Maintains Great Plains Energy Incorporated to Neutral with Price Target $30.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on Great Plains Energy Incorporated(NYSE:GXP). In a research note issued to the investors, the brokerage major Raises the price-target to $30.00 per share. The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Sep 26, 2016.

In a different note, On Aug 29, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Great Plains Energy Incorporated. In the research note, the firm Lowers the price-target to $30.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 15, 2016, JP Morgan said it Maintains its rating on Great Plains Energy Incorporated. In the research note, the firm Raises the price-target to $31.00 per share. The shares have been rated ‘Neutral’ by the firm.

Great Plains Energy Incorporated (GXP) made into the market gainers list on Thursdays trading session with the shares advancing 2.01% or 0.55 points. Due to strong positive momentum, the stock ended at $27.94, which is also near the day’s high of $27.99. The stock began the session at $27.65 and the volume stood at 24,27,819 shares. The 52-week high of the shares is $32.74 and the 52 week low is $25.2161. The company has a current market capitalization of $4,324 M and it has 15,47,62,190 shares in outstanding.

Great Plains Energy Incorporated(GXP) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $670.80M. Analysts had an estimated revenue of $645.09M. Earnings per share were $0.55. Analysts had estimated an EPS of $0.42.

Several Insider Transactions has been reported to the SEC. On Mar 14, 2016, Michael Deggendorf (SVP) sold 9,000 shares at $30.91 per share price.Also, 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).

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