Westar Energy, Inc. (NYSE:WR) SVP Greg A. Greenwood sold 10,000 shares of Westar Energy stock in a transaction on Monday, August 14th. The stock was sold at an average price of $51.00, for a total transaction of $510,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Westar Energy, Inc. (WR) traded up 0.84% during mid-day trading on Tuesday, hitting $51.47. 869,623 shares of the stock were exchanged. The company has a 50-day moving average price of $51.23 and a 200-day moving average price of $52.91. Westar Energy, Inc. has a 12 month low of $49.21 and a 12 month high of $57.50. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 21.63 and a beta of 0.39.

Westar Energy (NYSE:WR) last issued its earnings results on Tuesday, August 8th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.06. Westar Energy had a return on equity of 8.87% and a net margin of 13.33%. The company had revenue of $609.32 million during the quarter, compared to analyst estimates of $633.96 million. During the same period last year, the business earned $0.51 earnings per share. Equities analysts expect that Westar Energy, Inc. will post $2.50 earnings per share for the current year.

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Several research firms have commented on WR. BidaskClub raised shares of Westar Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Wolfe Research began coverage on shares of Westar Energy in a research note on Wednesday, July 26th. They set an “outperform” rating for the company. Zacks Investment Research lowered shares of Westar Energy from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. Evercore ISI raised shares of Westar Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $49.00 to $53.00 in a research note on Tuesday, July 11th. Finally, J P Morgan Chase & Co raised shares of Westar Energy from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $32.00 to $53.00 in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Westar Energy currently has a consensus rating of “Hold” and an average price target of $55.33.

Several hedge funds have recently modified their holdings of WR. Strs Ohio increased its stake in shares of Westar Energy by 12.0% in the first quarter. Strs Ohio now owns 28,182 shares of the utilities provider’s stock worth $1,529,000 after buying an additional 3,016 shares during the last quarter. Shell Asset Management Co. increased its stake in shares of Westar Energy by 1.9% in the first quarter. Shell Asset Management Co. now owns 20,124 shares of the utilities provider’s stock worth $1,092,000 after buying an additional 367 shares during the last quarter. UMB Bank N A MO increased its stake in shares of Westar Energy by 15.1% in the first quarter. UMB Bank N A MO now owns 7,336 shares of the utilities provider’s stock worth $398,000 after buying an additional 962 shares during the last quarter. First Manhattan Co. increased its stake in shares of Westar Energy by 22.9% in the first quarter. First Manhattan Co. now owns 10,735 shares of the utilities provider’s stock worth $609,000 after buying an additional 2,000 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Westar Energy by 5.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,790 shares of the utilities provider’s stock worth $192,000 after buying an additional 212 shares during the last quarter. 73.47% of the stock is owned by hedge funds and other institutional investors.

Westar Energy Company 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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