Stock on Watch: Great Plains Energy Incorporated (GXP)

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, and hydroelectric resources. It has approximately 6,500 megawatts of generating capacity. The company sells electricity to approximately 855,700 customers in western Missouri and eastern Kansas, including approximately 753,500 residences and 99,700 commercial firms, as well as 2,500 industrials, municipalities, and other electric utilities. Great Plains Energy Incorporated was founded in 1919 and is headquartered in Kansas City, Missouri.

Recent News:

The company will release its 2017 fourth quarter and year-end earnings on Wednesday, February 21, 2018, after the market close.

The company reported third-quarter earnings of $10.5 million. It had net income of 2 cents per share. Earnings, adjusted for non-recurring costs, were $1.05 per share. The results topped Wall Street expectations.

On October 31, 2017, Great Plains Energy announced that its Board of Directors approved a quarterly dividend of $0.2750 per share on its common stock. The common dividend will be payable December 20, 2017, to shareholders of record as of November 29, 2017.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

GXP’s strengths can be seen in its better profitability, better solvency and better efficiency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator and RSI stands at 44.86 with positive bias. We rate Great Plains Energy Incorporated (GXP) a STRONG BUY.

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