BlueCrest Capital Management Ltd decreased its holdings in Westar Energy Inc (NYSE:WR) by 84.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,495 shares of the utilities provider’s stock after selling 24,321 shares during the period. BlueCrest Capital Management Ltd’s holdings in Westar Energy were worth $237,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. AMP Capital Investors Ltd increased its holdings in shares of Westar Energy by 1.2% in the 3rd quarter. AMP Capital Investors Ltd now owns 86,890 shares of the utilities provider’s stock worth $4,310,000 after purchasing an additional 1,000 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Westar Energy by 13.0% in the 4th quarter. MML Investors Services LLC now owns 8,731 shares of the utilities provider’s stock worth $461,000 after purchasing an additional 1,002 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Westar Energy by 5.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 18,854 shares of the utilities provider’s stock worth $935,000 after purchasing an additional 1,021 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Westar Energy by 70.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,628 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 1,084 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Westar Energy by 1.2% in the 3rd quarter. Prudential Financial Inc. now owns 90,083 shares of the utilities provider’s stock worth $4,468,000 after purchasing an additional 1,104 shares in the last quarter. 74.62% of the stock is owned by institutional investors and hedge funds.
In related news, VP Larry D. Irick sold 5,000 shares of Westar Energy stock in a transaction on Friday, March 16th. The stock was sold at an average price of $50.56, for a total value of $252,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Anthony D. Somma sold 12,000 shares of Westar Energy stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $49.93, for a total value of $599,160.00. The disclosure for this sale can be found here. Insiders sold 22,507 shares of company stock valued at $1,130,229 in the last ninety days. 0.70% of the stock is currently owned by corporate insiders.
Westar Energy (NYSE:WR) last issued its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.16). Westar Energy had a return on equity of 8.40% and a net margin of 12.60%. The firm had revenue of $595.00 million during the quarter, compared to the consensus estimate of $642.02 million. During the same period in the previous year, the firm earned $0.38 EPS. The business’s revenue was down 1.8% on a year-over-year basis. analysts forecast that Westar Energy Inc will post 2.5 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Thursday, March 8th. Westar Energy’s payout ratio is currently 70.48%.
A number of analysts have commented on WR shares. Zacks Investment Research raised Westar Energy from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. JPMorgan Chase & Co. reduced their target price on Westar Energy from $62.00 to $56.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. TheStreet lowered Westar Energy from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Finally, UBS started coverage on Westar Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $55.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $55.50.
COPYRIGHT VIOLATION WARNING: “Westar Energy Inc (WR) Shares Sold by BlueCrest Capital Management Ltd” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://stocknewstimes.com/2018/03/21/westar-energy-inc-wr-shares-sold-by-bluecrest-capital-management-ltd.html.
Westar Energy 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.
Receive News & Ratings for Westar Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westar Energy and related companies with MarketBeat.com's FREE daily email newsletter.