How Great Plains Energy Incorporated (GXP) Stacks Up Against Its Peers

As industrywide interest jumped, some big names were leading the bulls’ herd. Balyasny Asset Management, led by Dmitry Balyasny, established the most outsized position in Great Plains Energy Incorporated (NYSE:GXP). Balyasny Asset Management had $122.2 million invested in the company at the end of the quarter. Laurion Capital Management also initiated a $75.3 million position during the quarter. The other funds with brand new GXP positions are Anand Parekh’s Alyeska Investment Group, Eric Mindich’s Eton Park Capital, and Jonathan Barrett and Paul Segal’s Luminus Management.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Great Plains Energy Incorporated (NYSE:GXP) but similarly valued. We will take a look at Lincoln Electric Holdings, Inc. (NASDAQ:LECO), Research In Motion Ltd (NASDAQ:BBRY), OneMain Holdings Inc (NYSE:OMF), and Jabil Circuit, Inc. (NYSE:JBL). This group of stocks’ market valuations are similar to GXP’s market valuation.

As you can see these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $392 million. That figure was $1.19 billion in GXP’s case. Research In Motion Ltd (NASDAQ:BBRY) is the most popular stock in this table. On the other hand Lincoln Electric Holdings, Inc. (NASDAQ:LECO) is the least popular one with only 17 bullish hedge fund positions. Compared to these stocks Great Plains Energy Incorporated (NYSE:GXP) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None