Westar Energy, Inc. (WR) CFO Anthony D. Somma Sells 4,000 Shares
Westar Energy, Inc. (NYSE:WR) CFO Anthony D. Somma sold 4,000 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $51.21, for a total transaction of $204,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Westar Energy, Inc. (NYSE:WR) traded up 0.84% on Tuesday, hitting $51.47. 869,773 shares of the company were exchanged. The stock has a market capitalization of $7.31 billion, a PE ratio of 21.63 and a beta of 0.39. Westar Energy, Inc. has a 52-week low of $49.21 and a 52-week high of $57.50. The firm’s 50-day moving average is $51.23 and its 200-day moving average is $52.91.
Westar Energy (NYSE:WR) last announced its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.06. Westar Energy had a net margin of 13.33% and a return on equity of 8.87%. The business had revenue of $609.32 million for the quarter, compared to analysts’ expectations of $633.96 million. During the same period in the prior year, the company posted $0.51 EPS. Equities research analysts predict that Westar Energy, Inc. will post $2.50 earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in WR. Louisiana State Employees Retirement System boosted its stake in shares of 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 valued at $1,948,000 after buying an additional 800 shares in the last quarter. Blackstart Capital LP purchased a new stake in Westar Energy during the first quarter valued at $10,057,000. First Trust Advisors LP boosted its stake in Westar Energy by 69.2% in the second quarter. First Trust Advisors LP now owns 902,806 shares of the utilities provider’s stock valued at $47,867,000 after buying an additional 369,234 shares during the period. State Treasurer State of Michigan boosted 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 valued at $3,134,000 after buying an additional 600 shares during the period. Finally, Vanguard Group Inc. boosted 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 valued at $674,263,000 after buying an additional 618,478 shares during the period. 73.47% of the stock is owned by institutional investors.
A number of brokerages recently commented on WR. Zacks Investment Research raised shares of Westar Energy from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Tuesday, June 20th. BidaskClub raised 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 increased their price target for the company from $49.00 to $53.00 in a report on Tuesday, July 11th. J P Morgan Chase & Co raised shares of Westar Energy from a “neutral” rating to an “overweight” rating and increased their price target for the company from $32.00 to $53.00 in a report on Tuesday, July 11th. Finally, Wolfe Research began coverage on shares of Westar Energy in a report on Wednesday, July 26th. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target 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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