Dimensional Fund Advisors LP increased its holdings in shares of Westar Energy, Inc. (NYSE:WR) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 479,709 shares of the utilities provider’s stock after buying an additional 3,074 shares during the quarter. Dimensional Fund Advisors LP owned 0.34% of Westar Energy worth $25,435,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. OppenheimerFunds Inc. grew its holdings in shares of Westar Energy by 27.4% in the 1st quarter. OppenheimerFunds Inc. now owns 11,687 shares of the utilities provider’s stock valued at $634,000 after acquiring an additional 2,515 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Westar Energy by 2.7% during the first quarter. PNC Financial Services Group Inc. now owns 8,409 shares of the utilities provider’s stock worth $456,000 after acquiring an additional 221 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Westar Energy by 9.8% during the first quarter. Nomura Asset Management Co. Ltd. now owns 19,236 shares of the utilities provider’s stock worth $1,044,000 after acquiring an additional 1,716 shares during the last quarter. Capstone Asset Management Co. lifted its position in Westar Energy by 1.3% during the second quarter. Capstone Asset Management Co. now owns 12,252 shares of the utilities provider’s stock worth $650,000 after acquiring an additional 160 shares during the last quarter. Finally, Gateway Investment Advisers LLC raised its position in shares of Westar Energy by 1,922.8% in the second quarter. Gateway Investment Advisers LLC now owns 84,129 shares of the utilities provider’s stock valued at $4,461,000 after buying an additional 79,970 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on WR shares. Zacks Investment Research raised shares of Westar Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. BidaskClub raised shares of Westar Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Wells Fargo & Company raised shares of Westar Energy from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a research note on Monday, October 2nd. Bank of America Corporation began coverage on shares of Westar Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $57.00 price objective on the stock. Finally, J P Morgan Chase & Co set a $58.00 target price on shares of Westar Energy and gave the company a “buy” rating in a report on Thursday, October 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $55.75.
Westar Energy, Inc. (NYSE WR) opened at $55.49 on Wednesday. The firm has a market cap of $7,775.40, a P/E ratio of 22.70, a PEG ratio of 6.60 and a beta of 0.41. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.65 and a current ratio of 1.07. Westar Energy, Inc. has a 52-week low of $49.20 and a 52-week high of $57.50.
Westar Energy (NYSE:WR) last announced its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $1.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.20 by ($0.09). Westar Energy had a net margin of 13.32% and a return on equity of 8.94%. The business had revenue of $794.33 million for the quarter, compared to analysts’ expectations of $773.96 million. During the same quarter in the previous year, the company posted $1.09 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. sell-side analysts anticipate that Westar Energy, Inc. will post 2.44 earnings per share for the current fiscal year.
In other Westar Energy news, CFO Anthony D. Somma sold 2,500 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $51.07, for a total value of $127,675.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Kevin L. Kongs sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $54.06, for a total transaction of $108,120.00. The disclosure for this sale can be found here. Insiders sold a total of 20,600 shares of company stock worth $1,108,037 over the last quarter. Corporate insiders own 0.70% of the company’s stock.
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.
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