BlackRock Inc. lifted its holdings in Westar Energy Inc (NYSE:WR) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,013,752 shares of the utilities provider’s stock after purchasing an additional 433,537 shares during the quarter. BlackRock Inc. owned 0.13% of Westar Energy worth $1,003,927,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Westar Energy by 18.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 28,880 shares of the utilities provider’s stock worth $1,436,000 after purchasing an additional 4,399 shares in the last quarter. UMB Bank N A MO raised its position in Westar Energy by 60.3% during the fourth quarter. UMB Bank N A MO now owns 11,835 shares of the utilities provider’s stock worth $625,000 after acquiring an additional 4,453 shares in the last quarter. Stevens Capital Management LP bought a new stake in Westar Energy during the third quarter worth $1,601,000. Nordea Investment Management AB raised its position in Westar Energy by 117.7% during the third quarter. Nordea Investment Management AB now owns 6,804 shares of the utilities provider’s stock worth $337,000 after acquiring an additional 3,678 shares in the last quarter. Finally, K2 Principal Fund L.P. raised its position in Westar Energy by 8.9% during the third quarter. K2 Principal Fund L.P. now owns 32,676 shares of the utilities provider’s stock worth $1,621,000 after acquiring an additional 2,676 shares in the last quarter. 72.41% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have issued reports on WR. Zacks Investment Research raised shares of Westar Energy from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Sunday, January 21st. UBS Group began coverage on shares of Westar Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $55.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Westar Energy from $62.00 to $56.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. One 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. Westar Energy presently has a consensus rating of “Buy” and a consensus target price of $55.50.
Shares of Westar Energy Inc (WR) opened at $49.70 on Friday. 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 Inc has a 1 year low of $47.06 and a 1 year high of $57.32. The stock has a market cap of $7,060.00, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 5.82 and a beta of 0.35.
Westar Energy (NYSE:WR) last posted its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.16). Westar Energy had a return on equity of 8.94% and a net margin of 13.32%. The firm had revenue of $595.00 million for the quarter, compared to the consensus estimate of $642.02 million. During the same period last year, the company posted $0.38 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. equities analysts anticipate that Westar Energy Inc will post 2.45 EPS for the current fiscal year.
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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.
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