Bright Rock Capital Management LLC continued to hold its position in Westar Energy, Inc. (NYSE:WR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,000 shares of the utilities provider’s stock at the end of the second quarter. Bright Rock Capital Management LLC’s holdings in Westar Energy were worth $4,189,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its position in Westar Energy by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the utilities provider’s stock worth $1,948,000 after buying an additional 800 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Westar Energy by 23.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 462,472 shares of the utilities provider’s stock worth $26,060,000 after buying an additional 88,786 shares during the period. Blackstart Capital LP bought a new stake in Westar Energy during the first quarter worth approximately $10,057,000. State Treasurer State of Michigan increased its stake in Westar Energy by 1.0% in the first quarter. State Treasurer State of Michigan now owns 57,750 shares of the utilities provider’s stock worth $3,134,000 after buying an additional 600 shares during the period. Finally, Vanguard Group Inc. increased its stake 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 worth $674,263,000 after buying an additional 618,478 shares during the period. 71.31% of the stock is owned by hedge funds and other institutional investors.

Westar Energy, Inc. (WR) opened at 51.10 on Thursday. The firm has a market capitalization of $7.26 billion, a PE ratio of 21.38 and a beta of 0.39. Westar Energy, Inc. has a 1-year low of $49.21 and a 1-year high of $57.50. The company’s 50-day moving average is $51.41 and its 200 day moving average is $53.01.

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A number of research firms recently commented on WR. Zacks Investment Research upgraded shares of Westar Energy from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Tuesday, June 20th. BidaskClub upgraded shares of Westar Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Evercore ISI raised shares of Westar Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $49.00 to $53.00 in a research report on Tuesday, July 11th. J P Morgan Chase & Co raised shares of Westar Energy from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $32.00 to $53.00 in a research report on Tuesday, July 11th. Finally, Wolfe Research began coverage on shares of Westar Energy in a research report on Wednesday, July 26th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $55.33.

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

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