Sii Investments Inc. WI Reduces Stake in Westar Energy Inc. (WR)
Sii Investments Inc. WI cut its position in Westar Energy Inc. (NYSE:WR) by 12.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,249 shares of the company’s stock after selling 599 shares during the period. Sii Investments Inc. WI’s holdings in Westar Energy were worth $240,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in WR. Retirement Planning Group increased its position in Westar Energy by 0.6% in the second quarter. Retirement Planning Group now owns 4,444 shares of the company’s stock worth $249,000 after buying an additional 26 shares in the last quarter. Gerstein Fisher increased its position in shares of Westar Energy by 0.6% in the second quarter. Gerstein Fisher now owns 6,255 shares of the company’s stock valued at $351,000 after buying an additional 38 shares during the period. IBM Retirement Fund increased its position in shares of Westar Energy by 0.3% in the second quarter. IBM Retirement Fund now owns 14,295 shares of the company’s stock valued at $802,000 after buying an additional 42 shares during the period. Atwood & Palmer Inc. increased its position in shares of Westar Energy by 3.3% in the second quarter. Atwood & Palmer Inc. now owns 2,050 shares of the company’s stock valued at $115,000 after buying an additional 66 shares during the period. Finally, Advisory Services Network LLC increased its position in shares of Westar Energy by 4.0% in the second quarter. Advisory Services Network LLC now owns 2,600 shares of the company’s stock valued at $146,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 69.86% of the company’s stock.
Westar Energy Inc. (NYSE:WR) traded up 0.29% during midday trading on Monday, hitting $56.00. The stock had a trading volume of 107,177 shares. Westar Energy Inc. has a 1-year low of $36.01 and a 1-year high of $57.25. The firm has a 50-day moving average price of $54.56 and a 200-day moving average price of $52.64. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 25.33 and a beta of 0.33.
Westar Energy (NYSE:WR) last released its earnings results on Tuesday, August 2nd. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.02. The firm earned $621.45 million during the quarter, compared to the consensus estimate of $639.24 million. Westar Energy had a net margin of 12.76% and a return on equity of 8.55%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. On average, equities research analysts anticipate that Westar Energy Inc. will post $2.45 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 9th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Wednesday, September 7th. Westar Energy’s dividend payout ratio (DPR) is 68.47%.
Several equities analysts have commented on the company. Gabelli downgraded Westar Energy from a “buy” rating to a “hold” rating in a report on Wednesday, June 1st. Mizuho downgraded Westar Energy from a “buy” rating to a “neutral” rating and set a $60.00 price target on the stock. in a report on Wednesday, June 1st. Bank of America Corp. reiterated a “sell” rating on shares of Westar Energy in a report on Tuesday, May 24th. Barclays PLC increased their price target on Westar Energy from $45.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, June 2nd. Finally, Zacks Investment Research upgraded Westar Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 26th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $53.00.
Westar Energy Company Profile
Westar Energy, Inc (Westar Energy) is an electric utility in Kansas. The Company provides electric generation, transmission and distribution services to approximately 700,000 customers in Kansas. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson.
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