Westar Energy (WR) Receiving Somewhat Favorable Press Coverage, Analysis Finds

News articles about Westar Energy (NYSE:WR) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Westar Energy earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 46.6172925298707 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Westar Energy (NYSE:WR) traded down $0.33 on Thursday, hitting $50.67. The stock had a trading volume of 553,900 shares, compared to its average volume of 637,945. The company has a market capitalization of $7,200.00, a PE ratio of 21.02, a PEG ratio of 6.05 and a beta of 0.42. The company has a current ratio of 1.07, a quick ratio of 0.65 and a debt-to-equity ratio of 0.97. Westar Energy has a 1-year low of $49.20 and a 1-year high of $57.32.

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 Thomson Reuters’ consensus estimate of $1.20 by ($0.09). The company had revenue of $794.33 million during the quarter, compared to analyst estimates of $773.96 million. Westar Energy had a net margin of 13.32% and a return on equity of 8.94%. Westar Energy’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 EPS. analysts anticipate that Westar Energy will post 2.45 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.16%. The ex-dividend date was Thursday, December 7th. Westar Energy’s dividend payout ratio is 66.39%.

Several research analysts have commented on WR shares. Zacks Investment Research raised Westar Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, December 13th. JPMorgan Chase & Co. set a $58.00 price target on Westar Energy and gave the stock a “buy” rating in a research report on Thursday, October 12th. Bank of America began coverage on Westar Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $57.00 price target on the stock. Finally, Wells Fargo & Co upgraded Westar Energy from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a research report on Monday, October 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $55.75.

In related news, CFO Anthony D. Somma sold 3,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $54.53, for a total value of $163,590.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Greg A. Greenwood sold 8,100 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $53.92, for a total value of $436,752.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,100 shares of company stock worth $2,991,312. 0.70% of the stock is owned by insiders.

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About Westar Energy

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.

Insider Buying and Selling by Quarter for Westar Energy (NYSE:WR)

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