Capital Fund Management S.A. 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 (SEC). The fund owned 21,165 shares of the utilities provider’s stock at the close of the second quarter. Capital Fund Management S.A.’s holdings in Westar Energy were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of the business. V Wealth Management LLC purchased a new position in shares of Westar Energy during the 2nd quarter valued at approximately $187,000. AE Wealth Management LLC purchased a new position in shares of Westar Energy during the 1st quarter valued at approximately $201,000. MAI Capital Management purchased a new position in shares of Westar Energy during the 1st quarter valued at approximately $218,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Westar Energy during the 1st quarter valued at approximately $233,000. Finally, Retirement Planning Group increased its holdings in shares of Westar Energy by 0.6% during the 2nd quarter. Retirement Planning Group now owns 4,540 shares of the utilities provider’s stock valued at $241,000 after purchasing an additional 26 shares in the last quarter. 73.65% of the stock is owned by institutional investors.
Shares of Westar Energy, Inc. (NYSE:WR) opened at 51.07 on Friday. The firm has a market cap of $7.26 billion, a PE ratio of 21.46 and a beta of 0.41. The company has a 50-day moving average of $51.12 and a 200-day moving average of $52.48. Westar Energy, Inc. has a 1-year low of $49.21 and a 1-year high of $57.50.
Westar Energy (NYSE:WR) last released its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.06). The business had revenue of $609.32 million during the quarter, compared to analysts’ expectations of $633.96 million. Westar Energy had a return on equity of 8.87% and a net margin of 13.33%. During the same quarter in the previous year, the company posted $0.51 EPS. Analysts predict that Westar Energy, Inc. will post $2.50 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, September 7th. Westar Energy’s payout ratio is 67.23%.
In other Westar Energy news, CFO Anthony D. Somma sold 4,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $51.21, for a total value of $204,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Larry D. Irick sold 10,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $51.17, for a total value of $511,700.00. The disclosure for this sale can be found here. Insiders sold 31,500 shares of company stock valued at $1,611,715 in the last quarter. 0.61% of the stock is currently owned by company insiders.
Several equities analysts have recently weighed in on the stock. J P Morgan Chase & Co raised shares of Westar Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $32.00 to $53.00 in a report on Tuesday, July 11th. Wolfe Research assumed coverage on shares of Westar Energy in a report on Wednesday, July 26th. They set an “outperform” rating for the company. Evercore ISI raised shares of Westar Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $49.00 to $53.00 in a report on Tuesday, July 11th. BidaskClub lowered shares of Westar Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research lowered shares of Westar Energy from a “hold” rating to a “sell” rating in a report on Friday, July 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” 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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