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Enter Symbol:
Rating: GXP
up 8.00 %

Great Plains Energy Inc (NYSE: GXP) downgraded to Neutral by BofA/Merrill

Tuesday,  Jan 12, 2016  10:25 AM ET by Dave Ficere

BofA/Merrill downgraded Great Plains Energy Inc (NYSE: GXP) to Neutral. Previously BofA/Merrill rated Buy Great Plains Energy Inc (NYSE: GXP) on 11/19/2013,
when the stock price was $24.70. Since then, Great Plains Energy Inc's stock price has gained 8% as of 01/12/2016's recent price of $26.65.
If you would have followed the previous BofA/Merrill's recommendation on GXP, you would have gained 8% of your investment in 784 days.

Great Plains Energy Incorporated (Great Plains Energy) is a public utility holding company and does not own or operate any significant assets other than the stock of its subsidiaries. The Company is engaged in the business segment of electric utility. Great Plains Energy?s wholly owned direct subsidiaries with operations or active subsidiaries includes Kansas City Power and Light Company (KCP&L), KCP&L Greater Missouri Operations Company (GMO), Great Plains Energy Services Incorporated (Services) and KLT Inc. On June 2, 2008, the Company completed the selling of Strategic Energy, L.L.C. (Strategic Energy). The electric utility segment consists of KCP&L, a regulated utility, GMO?s regulated utility operations which include its Missouri Public Service and St. Joseph Light & Power divisions. Electric utility serves over 820,000 customers located in western Missouri and eastern Kansas.


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