NEW YORK (

TheStreet

) --

Great Plains Energy

(NYSE:

GXP

) hit a new 52-week high Thursday as it traded at $20.16 compared with its previous 52-Week high of $20.14. Great Plains Energy is changing hands at $20.15 with 221,915 shares traded as of 11:41 a.m. ET. Average volume has been 904,600 shares over the past 30 days.

Great Plains Energy has a market cap of $2.7 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 3.3% year to date as of the close of trading on Wednesday.

Great Plains Energy Incorporated, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company also provides steam services in the Missouri area. The company has a P/E ratio of 12.9, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Great Plains Energy as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Great Plains Energy Ratings Report

.

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