Great Plains Engy (NYSE: GXP) issued its quarterly earnings data on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $480.40 million for the quarter, compared to the consensus estimate of $477.05 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Great Plains Engy updated its FY13 guidance to $1.44-1.64 EPS.
On the ratings front, analysts at SunTrust initiated coverage on shares of Great Plains Engy in a research note to investors on Wednesday, January 16th. They set a “buy” rating and a $23.00 price target on the stock.
Great Plains Engy (GXP) traded up 0.65% on Thursday, hitting $21.83. Great Plains Engy (GXP) has a 52-week low of $19.45 and a 52-week high of $22.85. The stock’s 50-day moving average is currently $21.39. The company has a market cap of $3.344 billion and a price-to-earnings ratio of 15.89.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 20th. Shareholders of record on Wednesday, February 27th will be given a dividend of $0.22 per share. This represents a $0.87 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Monday, February 25th.
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.
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