Crossmark Global Holdings Inc. bought a new position in Westar Energy, Inc. (NYSE:WR) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,262 shares of the utilities provider’s stock, valued at approximately $658,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. D.A. Davidson & CO. raised its holdings in Westar Energy by 6.6% in the 2nd quarter. D.A. Davidson & CO. now owns 3,240 shares of the utilities provider’s stock worth $171,000 after purchasing an additional 202 shares during the period. Retirement Planning Group raised its holdings in Westar Energy by 0.6% in the 2nd quarter. Retirement Planning Group now owns 4,540 shares of the utilities provider’s stock worth $241,000 after purchasing an additional 26 shares during the period. Harbour Capital Advisors LLC raised its holdings in Westar Energy by 5,201.9% in the 2nd quarter. Harbour Capital Advisors LLC now owns 14,209 shares of the utilities provider’s stock worth $268,000 after purchasing an additional 13,941 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in Westar Energy by 18.3% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 5,089 shares of the utilities provider’s stock worth $269,000 after purchasing an additional 789 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Westar Energy by 115.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,368 shares of the utilities provider’s stock worth $285,000 after purchasing an additional 2,882 shares during the period. Hedge funds and other institutional investors own 73.19% of the company’s stock.

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A number of equities analysts recently weighed in on the company. Bank of America Corporation assumed coverage on Westar Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $57.00 price target for the company. Zacks Investment Research raised Westar Energy from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. J P Morgan Chase & Co set a $58.00 price target on Westar Energy and gave the stock a “buy” rating in a report on Thursday, October 12th. BidaskClub raised Westar Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Wolfe Research started coverage on Westar Energy in a report on Wednesday, July 26th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Westar Energy currently has a consensus rating of “Buy” and an average price target of $55.75.

In related news, CFO Anthony D. Somma sold 2,500 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $51.07, for a total value of $127,675.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark A. Ruelle sold 37,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $54.35, for a total value of $2,010,950.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,600 shares of company stock valued at $3,118,987. Insiders own 0.70% of the company’s stock.

Westar Energy, Inc. (NYSE WR) opened at $55.40 on Thursday. Westar Energy, Inc. has a fifty-two week low of $49.20 and a fifty-two week high of $57.50. The company has a market capitalization of $7,884.81, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 6.69 and a beta of 0.41. 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 (NYSE:WR) last announced its earnings results on Tuesday, October 31st. The utilities provider reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.09). Westar Energy had a net margin of 13.32% and a return on equity of 8.94%. The firm had revenue of $794.33 million for the quarter, compared to analyst estimates of $773.96 million. During the same period in the previous year, the company earned $1.09 EPS. Westar Energy’s revenue was up 3.9% compared to the same quarter last year. equities research analysts expect that Westar Energy, Inc. will post 2.44 EPS for the current fiscal year.

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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