Westar Energy (NYSE:WR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, American Banking & Market News reports. The firm currently has a $35.80 price target on the stock. Zacks‘ price objective would indicate a potential upside of 13.15% from the stock’s previous close.
In other Westar Energy news, COO Douglas Sterbenz unloaded 14,300 shares of Westar Energy stock on the open market in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $31.62, for a total transaction of $452,166.00. Following the sale, the chief operating officer now directly owns 44,340 shares of the company’s stock, valued at approximately $1,402,031. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Westar Energy (NYSE:WR) traded down 0.52% during mid-day trading on Wednesday, hitting $31.4755. 514,016 shares of the company’s stock traded hands. Westar Energy has a 52 week low of $27.95 and a 52 week high of $34.96. The stock has a 50-day moving average of $31.8 and a 200-day moving average of $31.70. The company has a market cap of $4.002 billion and a price-to-earnings ratio of 13.63.
Westar Energy (NYSE:WR) last issued its quarterly earnings data on Friday, November 8th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.00 by $0.04. The company had revenue of $694.97 million for the quarter, compared to the consensus estimate of $702.57 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. Analysts expect that Westar Energy will post $2.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, January 2nd. Stockholders of record on Monday, December 9th will be given a dividend of 0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Thursday, December 5th.
A number of other firms have also recently commented on WR. Analysts at Goldman Sachs Group Inc. upgraded shares of Westar Energy from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 2nd. They now have a $34.00 price target on the stock, up previously from $33.00. Separately, analysts at UBS AG upgraded shares of Westar Energy from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, November 21st. They now have a $35.00 price target on the stock, up previously from $33.00. Finally, analysts at Gabelli upgraded shares of Westar Energy from a “hold” rating to a “buy” rating in a research note to investors on Monday, November 11th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $33.73.
Westar Energy, Inc (NYSE:WR) provides electric generation, transmission and distribution services to approximately 690,000 customers in Kansas.
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