Great Plains Energy INC (GXP) Shareholder Verition Fund Management LLC Trimmed Stake as Stock Value Rose

March 14, 2018 - By Stephen Andrade

Investors sentiment is 1.13 in 2017 Q3. Its the same as in 2017Q2. It is the same, as 41 investors sold GXP shares while 95 reduced holdings. only 51 funds opened positions while 103 raised stakes. 183.40 million shares or 0.31% less from 183.97 million shares in 2017Q2 were reported. State Treasurer State Of Michigan reported 81,110 shares. Employees Retirement Of Texas holds 125,000 shares or 0.05% of its portfolio. 34,735 are owned by Investment Ser. Hotchkis Wiley Capital Management Limited Liability Company, a California-based fund reported 870,200 shares. Cambridge Investment Inc has invested 0.01% in Great Plains Energy Incorporated (NYSE:GXP). Wellington Management Limited Liability Partnership has invested 0.01% in Great Plains Energy Incorporated (NYSE:GXP). 105,387 are owned by Gateway Advisers Limited Liability. First Citizens National Bank & Trust owns 11,112 shares or 0.04% of their US portfolio. Balyasny Asset Management Ltd stated it has 292,638 shares or 0.03% of all its holdings. Engines Lc owns 49,676 shares for 0.05% of their portfolio. Moreover, Covington Mgmt has 0.01% invested in Great Plains Energy Incorporated (NYSE:GXP) for 2,500 shares. Luminus Limited Liability Company holds 432,841 shares. Ls Limited Co stated it has 16,511 shares. Utd Serv Automobile Association has 0.02% invested in Great Plains Energy Incorporated (NYSE:GXP) for 276,562 shares. Fincl Mgmt Professionals Incorporated owns 73 shares.

Since September 18, 2017, it had 0 insider purchases, and 6 insider sales for $1.02 million activity. Another trade for 7,668 shares valued at $234,181 was sold by WRIGHT LORI A. The insider Ives Darrin R. sold $79,378. Shares for $99,560 were sold by Fairchild Ellen E. Another trade for 6,370 shares valued at $194,540 was made by BASSHAM TERRY D on Monday, September 18. Another trade for 9,853 shares valued at $301,896 was made by Bryant Kevin E. on Monday, September 18.

Verition Fund Management Llc decreased its stake in Great Plains Energy Inc (GXP) by 52.27% based on its latest 2017Q3 regulatory filing with the SEC. Verition Fund Management Llc sold 298,768 shares as the company’s stock rose 1.39% with the market. The hedge fund held 272,843 shares of the central company at the end of 2017Q3, valued at $8.27 million, down from 571,611 at the end of the previous reported quarter. Verition Fund Management Llc who had been investing in Great Plains Energy Inc for a number of months, seems to be less bullish one the $6.54B market cap company. The stock increased 0.73% or $0.22 during the last trading session, reaching $30.36. About 904,102 shares traded. Great Plains Energy Incorporated (NYSE:GXP) has declined 7.52% since March 14, 2017 and is downtrending. It has underperformed by 24.22% the S&P500.

Verition Fund Management Llc, which manages about $1.22 billion and $1.24 billion US Long portfolio, upped its stake in Herbalife Ltd (Prn) by 3.50M shares to 8.50M shares, valued at $8.53 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (Put) (EEM) by 204,700 shares in the quarter, for a total of 215,300 shares, and has risen its stake in Applied Matls Inc (NASDAQ:AMAT).

Analysts await Great Plains Energy Incorporated (NYSE:GXP) to report earnings on May, 3. They expect $0.14 EPS, up 7.69 % or $0.01 from last year’s $0.13 per share. GXP’s profit will be $30.17M for 54.21 P/E if the $0.14 EPS becomes a reality. After $0.13 actual EPS reported by Great Plains Energy Incorporated for the previous quarter, Wall Street now forecasts 7.69 % EPS growth.

Great Plains Energy Incorporated (NYSE:GXP) Ratings Coverage

Among 14 analysts covering Great Plains Energy (NYSE:GXP), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Great Plains Energy had 31 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, November 30 by Argus Research. Zacks downgraded the shares of GXP in report on Monday, August 10 to “Buy” rating. The stock has “Buy” rating by Bank of America on Monday, October 3. The company was upgraded on Monday, October 2 by Wells Fargo. The rating was downgraded by Goldman Sachs on Monday, October 19 to “Neutral”. The stock of Great Plains Energy Incorporated (NYSE:GXP) has “Overweight” rating given on Tuesday, July 11 by JP Morgan. On Thursday, January 5 the stock rating was initiated by UBS with “Neutral”. The rating was maintained by SunTrust on Wednesday, January 3 with “Hold”. The firm has “Hold” rating given on Friday, September 4 by Zacks. The firm has “Neutral” rating by SunTrust given on Monday, October 19.

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