Sumitomo Mitsui Asset Management Company LTD held its position in Westar Energy, Inc. (NYSE:WR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,127 shares of the utilities provider’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Westar Energy were worth $589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. raised its position in Westar Energy by 4,412.0% in the first quarter. BlackRock Inc. now owns 13,907,609 shares of the utilities provider’s stock valued at $754,767,000 after buying an additional 13,599,373 shares during the last quarter. Vanguard Group Inc. raised its position in Westar Energy by 5.2% in the first quarter. Vanguard Group Inc. now owns 12,424,214 shares of the utilities provider’s stock valued at $674,263,000 after buying an additional 618,478 shares during the last quarter. State Street Corp raised its position in Westar Energy by 1.7% in the first quarter. State Street Corp now owns 4,690,842 shares of the utilities provider’s stock valued at $254,580,000 after buying an additional 79,734 shares during the last quarter. Renaissance Technologies LLC raised its position in Westar Energy by 98.4% in the first quarter. Renaissance Technologies LLC now owns 2,295,300 shares of the utilities provider’s stock valued at $124,566,000 after buying an additional 1,138,400 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Westar Energy by 3.7% in the first quarter. Bank of New York Mellon Corp now owns 1,938,172 shares of the utilities provider’s stock valued at $105,184,000 after buying an additional 69,839 shares during the last quarter. 71.31% of the stock is currently owned by hedge funds and other institutional investors.

Westar Energy, Inc. (NYSE:WR) opened at 51.10 on Thursday. Westar Energy, Inc. has a 12 month low of $49.21 and a 12 month high of $57.50. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 21.38 and a beta of 0.39. The firm has a 50-day moving average price of $51.41 and a 200 day moving average price of $53.01.

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Several brokerages have weighed in on WR. Evercore ISI raised Westar Energy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $49.00 to $53.00 in a research report on Tuesday, July 11th. Zacks Investment Research raised Westar Energy from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Wednesday, June 28th. BidaskClub lowered Westar Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. J P Morgan Chase & Co raised Westar Energy from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $32.00 to $53.00 in a research report on Tuesday, July 11th. Finally, Wolfe Research began coverage on Westar Energy in a research report on Wednesday, July 26th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Westar Energy presently has an average rating of “Hold” and an average price target of $55.33.

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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Institutional Ownership by Quarter for Westar Energy (NYSE:WR)

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