Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Great Plains Energy (NYSE:GXP) Stock Price

Media stories about Great Plains Energy (NYSE:GXP) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Great Plains Energy earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 45.9322133647181 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Several equities research analysts recently issued reports on GXP shares. TheStreet lowered Great Plains Energy from a “b-” rating to a “c” rating in a research report on Thursday, February 22nd. JPMorgan Chase lowered their price objective on Great Plains Energy from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Zacks Investment Research upgraded Great Plains Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 26th. SunTrust Banks restated a “hold” rating and set a $31.00 price objective on shares of Great Plains Energy in a research note on Tuesday, December 26th. Finally, UBS assumed coverage on Great Plains Energy in a research note on Friday, February 2nd. They set a “neutral” rating and a $32.00 price objective for the company. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Great Plains Energy currently has a consensus rating of “Buy” and an average price target of $32.00.

GXP traded up $0.15 during trading on Friday, reaching $31.33. 519,753 shares of the company were exchanged, compared to its average volume of 1,576,311. Great Plains Energy has a 52 week low of $27.60 and a 52 week high of $34.72. The company has a market cap of $6,771.89, a P/E ratio of 18.05, a PEG ratio of 3.46 and a beta of 0.33. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.29 and a quick ratio of 1.10.

Great Plains Energy (NYSE:GXP) last released its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Great Plains Energy had a positive return on equity of 5.25% and a negative net margin of 3.92%. The company had revenue of $597.70 million during the quarter, compared to analysts’ expectations of $606.26 million. During the same quarter in the prior year, the business posted $0.13 earnings per share. research analysts anticipate that Great Plains Energy will post 1.82 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Tuesday, February 27th were paid a $0.275 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $1.10 annualized dividend and a dividend yield of 3.51%. Great Plains Energy’s payout ratio is 63.22%.

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Great Plains Energy Company Profile

Great Plains Energy Incorporated, through its subsidiaries, generates, transmits, distributes, and sells electricity. It also provides regulated steam services in St. Joseph, Missouri. The company generates electricity using coal, nuclear, natural gas, oil, wind, solar, landfill gas, and hydroelectric resources.

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