Published: Wed, May 24, 2017
Money | By Armando Alvarado

KCC refuses reconsideration petition in Westar, Great Plains merger

KCC refuses reconsideration petition in Westar, Great Plains merger

Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future. This represents a $1.60 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Thursday, May 25th.

Great Plains Energy (NYSE:GXP) last posted its quarterly earnings data on Thursday, May 4th. Great Plains Energy's dividend payout ratio is now 79.71%. As a percentage of GXP's recent stock price of $28.77, this dividend works out to approximately 0.96%, so look for shares of Great Plains Energy Inc to trade 0.96% lower - all else being equal - when GXP shares open for trading on 5/25/17.

Another critical number in evaluating a stock is P/E or the price to earnings ratio. Great Plains Energy has a 52-week low of $25.85 and a 52-week high of $31.24. The firm's 50-day moving average price is $29.11 and its 200 day moving average price is $28.05. Zero analysts have made estimates for Great Plains Energy's earnings.

The Average Earnings Estimate for the Current Fiscal quarter is $0.53 per share, according to consensus of 4 analysts. "From Great Plains Energy's and Westar's perspective, we believe the work we did in the earlier docket could shorten the new schedule to fewer than the 300 days allowable".

The number of shares now held by investors is 215.24 Million. During the same period in the previous year, the business posted $0.28 EPS.

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Now the shares of Great Plains Energy Incorporated (GXP) has a trading volume of 3.52 Million shares, with an average trading volume of 2890 shares - with shares dropping to a 52 week low of $25.85, and the company's shares hitting a 52 week high of $ 31.24. Great Plains Energy Inc will pay its quarterly dividend of $0.275 on 6/20/17, NextEra Energy Inc will pay its quarterly dividend of $0.9825 on 6/15/17, and Johnson & Johnson will pay its quarterly dividend of $0.84 on 6/13/17. If you are accessing this report on another site, it was stolen and reposted in violation of global copyright & trademark law. Zacks Investment Research downgraded shares of Great Plains Energy from a "hold" rating to a "sell" rating in a report on Wednesday, February 8th. Finally, Evercore ISI restated an "outperform" rating and issued a $31.00 target price on shares of Great Plains Energy in a report on Thursday, March 30th.

Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. The company's stock had a trading volume of 1,449,876 shares.

A hedge fund recently raised its stake in Great Plains Energy stock. Great Plains Energy Incorporated (GXP) has the market capitalization of 6.14 Billion. The firm owned 664,720 shares of the utilities provider's stock after buying an additional 11,249 shares during the period.

Independent Advisor Alliance boosted its position in Westar Energy Inc (NYSE:WR) by 2.8% during the first quarter, according to its most recent Form 13F filing with the SEC.

The way the original plan was structured, "any misstep by (Great Plains) would have been disastrous for the ratepayers", he said. The Company operates through electric utility segment. The Company's subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO).

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