CENTRAL TRUST Co continued to hold its stake in shares of Westar Energy, Inc. (NYSE:WR) during the second quarter, Holdings Channel reports. The institutional investor owned 4,346 shares of the utilities provider’s stock at the end of the second quarter. CENTRAL TRUST Co’s holdings in Westar Energy were worth $230,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. Washington Trust Bank raised its position in shares of Westar Energy by 792.5% in the first quarter. Washington Trust Bank now owns 2,365 shares of the utilities provider’s stock valued at $128,000 after buying an additional 2,100 shares during the period. Trust Co. of Vermont raised its position in Westar Energy by 22.5% in the first quarter. Trust Co. of Vermont now owns 2,450 shares of the utilities provider’s stock valued at $133,000 after buying an additional 450 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Westar Energy by 1.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,486 shares of the utilities provider’s stock valued at $135,000 after buying an additional 46 shares during the last quarter. Advisory Services Network LLC purchased a new position in Westar Energy during the first quarter valued at about $139,000. Finally, Advantage Investment Management LLC purchased a new position in Westar Energy during the first quarter valued at about $142,000. Institutional investors own 71.81% of the company’s stock.
Shares of Westar Energy, Inc. (NYSE:WR) opened at 49.47 on Wednesday. Westar Energy, Inc. has a one year low of $49.32 and a one year high of $57.50. The firm’s 50-day moving average price is $52.60 and its 200 day moving average price is $53.49. The stock has a market cap of $7.03 billion, a P/E ratio of 20.70 and a beta of 0.40.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Friday, June 9th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Wednesday, June 7th. Westar Energy’s dividend payout ratio is presently 66.95%.
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Several equities analysts recently issued reports on WR shares. Zacks Investment Research raised Westar Energy from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Tuesday, June 20th. Evercore ISI raised Westar Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $49.00 to $53.00 in a research note on Tuesday, July 11th. Finally, J P Morgan Chase & Co raised Westar Energy from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $32.00 to $53.00 in a research note on Tuesday, July 11th.
Westar Energy Company Profile
Westar Energy, Inc is an electric utility. The Company provides electric generation, transmission and distribution services. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Its subsidiary, Kansas Gas and Electric Company (KGE), provides these services in south-central and southeastern Kansas, including the city of Wichita.
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