World Asset Management Inc Acquires 124 Shares of Westar Energy, Inc. (WR)
World Asset Management Inc raised its position in shares of Westar Energy, Inc. (NYSE:WR) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,619 shares of the utilities provider’s stock after buying an additional 124 shares during the period. World Asset Management Inc’s holdings in Westar Energy were worth $510,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of Westar Energy by 4,412.0% in the first quarter. BlackRock Inc. now owns 13,907,609 shares of the utilities provider’s stock worth $754,767,000 after buying an additional 13,599,373 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Westar Energy by 98.4% in the first quarter. Renaissance Technologies LLC now owns 2,295,300 shares of the utilities provider’s stock worth $124,566,000 after buying an additional 1,138,400 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Westar Energy during the first quarter worth about $47,333,000. Vanguard Group Inc. increased its stake in shares of 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 in the last quarter. Finally, Citadel Advisors LLC increased its stake in shares of Westar Energy by 1,920.6% in the first quarter. Citadel Advisors LLC now owns 625,785 shares of the utilities provider’s stock worth $33,961,000 after buying an additional 594,815 shares in the last quarter. Institutional investors own 71.31% of the company’s stock.
Westar Energy, Inc. (NYSE WR) opened at 51.09 on Friday. Westar Energy, Inc. has a 52-week low of $49.21 and a 52-week high of $57.50. The stock has a market cap of $7.26 billion, a PE ratio of 21.47 and a beta of 0.39. The company’s 50 day moving average is $51.35 and its 200-day moving average is $52.99.
Westar Energy (NYSE:WR) last posted its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.06. Westar Energy had a net margin of 13.28% and a return on equity of 8.96%. The firm had revenue of $609.32 million during the quarter, compared to analyst estimates of $633.96 million. During the same period in the prior year, the firm earned $0.51 EPS. On average, equities analysts anticipate that Westar Energy, Inc. will post $2.51 earnings per share for the current year.
A number of analysts have recently issued reports on WR shares. Zacks Investment Research upgraded 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 upgraded shares of Westar Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Evercore ISI upgraded shares of Westar Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $49.00 to $53.00 in a report on Tuesday, July 11th. Wolfe Research started coverage on shares of Westar Energy in a report on Wednesday, July 26th. They set an “outperform” rating for the company. Finally, J P Morgan Chase & Co upgraded shares of Westar Energy from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $32.00 to $53.00 in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company presently has an average 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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