Parametric Portfolio Associates LLC decreased its holdings in shares of Westar Energy, Inc. (NYSE:WR) by 9.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,136 shares of the utilities provider’s stock after selling 16,484 shares during the period. Parametric Portfolio Associates LLC owned about 0.12% of Westar Energy worth $8,862,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. K2 Principal Fund L.P. bought a new position in Westar Energy during the second quarter worth about $1,591,000. Vanguard Group Inc. lifted its stake in Westar Energy by 1.5% during the second quarter. Vanguard Group Inc. now owns 12,610,777 shares of the utilities provider’s stock worth $668,624,000 after purchasing an additional 186,563 shares during the period. D.A. Davidson & CO. lifted its stake in Westar Energy by 6.6% during the second quarter. D.A. Davidson & CO. now owns 3,240 shares of the utilities provider’s stock worth $171,000 after purchasing an additional 202 shares during the period. UBS Asset Management Americas Inc. lifted its stake in Westar Energy by 7.2% during the second quarter. UBS Asset Management Americas Inc. now owns 534,619 shares of the utilities provider’s stock worth $28,345,000 after purchasing an additional 35,846 shares during the period. Finally, Mutual of America Capital Management LLC lifted its stake in Westar Energy by 2.6% during the second quarter. Mutual of America Capital Management LLC now owns 129,295 shares of the utilities provider’s stock worth $6,855,000 after purchasing an additional 3,333 shares during the period. Hedge funds and other institutional investors own 73.65% of the company’s stock.
WR has been the subject of a number of analyst reports. Evercore ISI upgraded shares of Westar Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $49.00 to $53.00 in a research note on Tuesday, July 11th. Zacks Investment Research upgraded shares of Westar Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. BidaskClub cut shares of Westar Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. J P Morgan Chase & Co set a $58.00 price target on shares of Westar Energy and gave the stock a “buy” rating in a research note on Thursday. Finally, Wolfe Research initiated coverage on shares of Westar Energy in a research note on Wednesday, July 26th. They set an “outperform” rating for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.33.
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Westar Energy, Inc. (NYSE:WR) opened at 52.06 on Friday. The stock has a 50 day moving average of $50.75 and a 200-day moving average of $51.90. Westar Energy, Inc. has a 1-year low of $49.20 and a 1-year high of $57.50. The company has a market cap of $7.40 billion, a PE ratio of 21.87 and a beta of 0.39.
Westar Energy (NYSE:WR) last released its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.06). Westar Energy had a net margin of 13.33% and a return on equity of 8.87%. The business had revenue of $609.32 million during the quarter, compared to the consensus estimate of $633.96 million. During the same period last year, the business posted $0.51 earnings per share. On average, equities research analysts predict that Westar Energy, Inc. will post $2.50 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Thursday, September 7th. Westar Energy’s dividend payout ratio (DPR) is 67.23%.
In other Westar Energy news, VP Larry D. Irick sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $51.17, for a total value of $511,700.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Bruce A. Akin sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $51.50, for a total transaction of $257,500.00. The disclosure for this sale can be found here. Insiders sold 31,500 shares of company stock worth $1,611,715 over the last ninety days. Insiders own 0.70% of the company’s stock.
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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