ING Groep NV Reduces Position in Westar Energy Inc (WR)

ING Groep NV cut its position in shares of Westar Energy Inc (NYSE:WR) by 55.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,733 shares of the utilities provider’s stock after selling 9,663 shares during the period. ING Groep NV’s holdings in Westar Energy were worth $408,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. raised its position in Westar Energy by 8.9% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 61,000 shares of the utilities provider’s stock valued at $3,221,000 after purchasing an additional 5,000 shares during the period. US Bancorp DE raised its position in Westar Energy by 7.5% during the fourth quarter. US Bancorp DE now owns 29,902 shares of the utilities provider’s stock valued at $1,580,000 after purchasing an additional 2,091 shares during the period. Aperio Group LLC raised its position in Westar Energy by 7.7% during the fourth quarter. Aperio Group LLC now owns 98,083 shares of the utilities provider’s stock valued at $5,179,000 after purchasing an additional 7,051 shares during the period. Victory Capital Management Inc. raised its position in Westar Energy by 11.0% during the fourth quarter. Victory Capital Management Inc. now owns 229,613 shares of the utilities provider’s stock valued at $12,124,000 after purchasing an additional 22,838 shares during the period. Finally, Engineers Gate Manager LP raised its position in Westar Energy by 14.3% during the fourth quarter. Engineers Gate Manager LP now owns 68,151 shares of the utilities provider’s stock valued at $3,598,000 after purchasing an additional 8,546 shares during the period. 71.08% of the stock is owned by institutional investors.

Shares of Westar Energy Inc (WR) opened at $50.71 on Monday. The company has a quick ratio of 0.65, a current ratio of 1.07 and a debt-to-equity ratio of 0.97. Westar Energy Inc has a fifty-two week low of $47.06 and a fifty-two week high of $57.32. The firm has a market capitalization of $7,210.00, a P/E ratio of 21.04, a PEG ratio of 5.94 and a beta of 0.35.

WR has been the topic of a number of recent research reports. Bank of America initiated coverage on Westar Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $57.00 price objective on the stock. Zacks Investment Research upgraded Westar Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, December 13th. JPMorgan Chase & Co. decreased their price objective on Westar Energy from $62.00 to $56.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Finally, UBS Group assumed coverage on Westar Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $55.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $55.50.

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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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Institutional Ownership by Quarter for Westar Energy (NYSE:WR)

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