Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
We are increasing our fair value estimate to $30 from $28 per share after Great Plains Energy reported solid 2018 first-quarter earnings and appears poised to close its merger with Westar Energy on or about June 1. Our higher fair value estimate is driven by our increased confidence that the merger will close under terms not too different from the July 2017 revised merger proposal. Synergies from mergers are put forward to justify a deal and many times fall short of expectations. However, with...
KANSAS CITY, Mo.--(BUSINESS WIRE)-- Great Plains Energy (NYSE: GXP) today announced first quarter 2018 earnings of $35.0 million or $0.16 per share of average common stock outstanding, compared with a first quarter 2017 loss of $24.7 million or $0.11 per share. Great Plains Energy’s adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) exclude certain costs, expenses, gains, losses and the per share dilutive effect of equity issuances resulting from the anticipated merger with Westar Energy and the previous ...
KANSAS CITY, Mo.--(BUSINESS WIRE)-- Great Plains Energy (NYSE: GXP) today announced that its Board of Directors approved a quarterly dividend of $0.2750 per share on its common stock. The Company’s current annual dividend level is $1.10 per share. The common dividend will be payable June 20, 2018 to shareholders of record as of May 30, 2018. The shares will begin to trade ex-dividend on May 29, 2018. About The Companies: Headquartered in Kansas City, Mo., Great Plains Energy Incorporated is the holding company...
KANSAS CITY, Mo.--(BUSINESS WIRE)-- Great Plains Energy (NYSE: GXP) announced today that it will release its 2018 first quarter earnings on Wednesday, May 2, 2018, after the market close. Terry Bassham, chairman, president and chief executive officer, and Kevin Bryant, senior vice president – finance and strategy and chief financial officer will discuss first quarter 2018 earnings and operating results during a conference call with financial analysts on Thursday, May 3, at 9 a.m. ET. Supplemental financial information and the earnings ...
KANSAS CITY, Mo.--(BUSINESS WIRE)-- Great Plains Energy (NYSE: GXP) today announced a fourth quarter 2017 loss of $100.1 million or $0.46 per share of average common stock outstanding, compared with fourth quarter 2016 earnings of $83.2 million or $0.39 per share. Great Plains Energy also announced a full-year 2017 loss of $143.5 million or $0.67 per share, compared to earnings of $273.5 million or $1.61 per share in 2016. The decrease in earnings was largely driven by a number of non-recurring impacts due to the anticipated ...
KANSAS CITY, Mo.--(BUSINESS WIRE)-- Great Plains Energy (NYSE: GXP) today announced that its Board of Directors approved a quarterly dividend of $0.2750 per share on its common stock. The Company’s current annual dividend level is $1.10 per share. The common dividend will be payable March 20, 2018 to shareholders of record as of February 27, 2018. The shares will begin to trade ex-dividend on February 26, 2018. About The Companies: Headquartered in Kansas City, Mo., Great Plains Energy Incorporated is the hold...
KANSAS CITY, Mo.--(BUSINESS WIRE)-- KCP&L and KCP&L-Greater Missouri Operations Company (KCP&L-GMO), subsidiaries of Great Plains Energy Incorporated (NYSE: GXP), recently requested rate updates for their Missouri customers. The requests will update rates for several customer experience enhancements, including technology and green initiatives. Additionally, the companies are asking to pass along to customers 100% of the savings resulting from the Tax Cut and Jobs Act. This will result in approximately $65 million in savings for custom...
KANSAS CITY, Mo.--(BUSINESS WIRE)-- Great Plains Energy (NYSE: GXP) announced today that it will release its 2017 fourth quarter and year-end earnings on Wednesday, February 21, 2018, after the market close. Terry Bassham, chairman, president and chief executive officer, and Kevin Bryant, senior vice president – finance and strategy and chief financial officer, will discuss fourth quarter and year-end 2017 earnings and operating results during a conference call with financial analysts on Thursday, February 22, at 9 a.m. ET. Supplement...
We are reaffirming our no-moat ratings and fair value estimates for Ameren Corp and Great Plains Energy of $53 per share and $28 per share, respectively, following the Jan. 3 start of a new legislative session for the Missouri General Assembly. The two utilities will again push for legislation to improve the regulatory framework that is among the worst in the country. For the past decade, Missouri utilities have sought legislation that would provide rate riders for expenses that now must wait fo...
We are maintaining our fair value estimates, moat ratings, and moat trend ratings for all utilities after Environmental Protection Agency head Scott Pruitt announced plans to repeal the Clean Power Plan, promulgated in 2015. We don't expect this move to have any impact on the utilities sector. We forecast U.S. carbon emissions will fall 28% from 2005 levels by early next decade, based on renewable energy and natural gas generation displacing coal generation. Low natural gas prices and gas tur...
KANSAS CITY, Mo. & TOPEKA, Kan.--(BUSINESS WIRE)-- Westar Energy, Inc. (NYSE: WR) and Great Plains Energy Incorporated (NYSE: GXP), the parent company of Kansas City Power & Light (“KCP&L”), today announced at their respective shareholder meetings that shareholders overwhelmingly approved the proposals necessary for the merger between the two companies. More than 90 percent of the shares voted at each company approved the transaction. “We are excited about today’s approval from shareholders of both Great Plains Energy and Wes...
KANSAS CITY, Mo.--(BUSINESS WIRE)-- Great Plains Energy (NYSE: GXP) today announced third quarter 2017 earnings of $3.4 million or $0.02 per share of average common stock outstanding, compared with third quarter 2016 earnings of $132.7 million or $0.86 per share. For the first nine months of 2017, Great Plains Energy reported a loss of $43.4 million or $0.20 per share, compared to earnings of $190.3 million or $1.23 per share for the same period in 2016. Great Plains Energy’s adjusted earnings (non-GAAP) and adjusted earnings...
KANSAS CITY, Mo.--(BUSINESS WIRE)-- Great Plains Energy (NYSE: GXP) today announced a correction to the ex-dividend date for its recently declared quarterly dividend of $0.2750 per share on its common stock. The Company’s current annual dividend level is $1.10 per share, payable on December 20, 2017 to shareholders of record as of November 29, 2017. The ex-dividend date will be November 28, 2017, rather than the previously announced date of November 27, 2017. About The Companies: Headquartered in Kansas City, Mo., Gr...
KANSAS CITY, Mo.--(BUSINESS WIRE)-- Great Plains Energy (NYSE: GXP) today announced that its Board of Directors approved a quarterly dividend of $0.2750 per share on its common stock. The Company’s current annual dividend level is $1.10 per share. The common dividend will be payable December 20, 2017 to shareholders of record as of November 29, 2017. The shares will begin to trade ex-dividend on November 27, 2017. About The Companies: Headquartered in Kansas City, Mo., Great Plains Energy Incorporated is the h...
KANSAS CITY, Mo.--(BUSINESS WIRE)-- Great Plains Energy (NYSE: GXP) announced today that it will release its 2017 third quarter earnings on Wednesday, November 1, 2017, after the market close. Terry Bassham, chairman, president and chief executive officer, and Kevin Bryant, senior vice president – finance and strategy and chief financial officer will discuss third quarter 2017 earnings and operating results during a conference call with financial analysts on Thursday, November 2, at 9 a.m. ET. Supplemental financial information and th...
We are maintaining our fair value estimates, moat ratings, and moat trend ratings for all utilities after Environmental Protection Agency head Scott Pruitt announced plans to repeal the Clean Power Plan, promulgated in 2015. We don't expect this move to have any impact on the utilities sector. We forecast U.S. carbon emissions will fall 28% from 2005 levels by early next decade, based on renewable energy and natural gas generation displacing coal generation. Low natural gas prices and gas tur...
Six Directors at Great Plains Energy Inc gave away/sold 39,712 shares at between 0.000USD and 30.860USD. The significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company'...
U.S. utilities' valuations reached a 14-month high this week when the median price/fair value ratio hit 1.17 for the 40 U.S. utilities in Morningstar's coverage. This is the highest median P/FV ratio for U.S. utilities since the all-time peak of 1.21 in July 2016. Other valuation metrics such as price/earnings (22) and price/book (2.1) for U.S. utilities also hit 2017 highs this week and are approaching peak levels from mid-2016. Morningstar's U.S. Utilities Sector Total Return Index also hit a...
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