Andra AP fonden reduced its position in shares of Westar Energy, Inc. (NYSE:WR) by 12.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,900 shares of the utilities provider’s stock after selling 14,700 shares during the period. Andra AP fonden owned approximately 0.07% of Westar Energy worth $5,403,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of WR. Trust Co. of Vermont increased its stake in shares of Westar Energy by 22.5% in the first quarter. Trust Co. of Vermont now owns 2,450 shares of the utilities provider’s stock worth $133,000 after buying an additional 450 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Westar Energy by 1.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,486 shares of the utilities provider’s stock worth $135,000 after buying an additional 46 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Westar Energy during the first quarter worth approximately $139,000. Advantage Investment Management LLC purchased a new stake in Westar Energy during the first quarter worth approximately $142,000. Finally, V Wealth Management LLC purchased a new stake in Westar Energy during the second quarter worth approximately $187,000. 73.69% of the stock is owned by institutional investors.

Shares of Westar Energy, Inc. (NYSE WR) opened at 51.70 on Monday. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 21.72 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 firm’s 50-day moving average is $50.84 and its 200-day moving average is $52.72.

Westar Energy (NYSE:WR) last released its earnings results on Tuesday, August 8th. The utilities provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.56 by $0.06. Westar Energy had a return on equity of 8.87% and a net margin of 13.33%. The business had revenue of $609.32 million for the quarter, compared to analyst estimates of $633.96 million. During the same period in the prior year, the business earned $0.51 EPS. On average, analysts predict that Westar Energy, Inc. will post $2.50 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.09%. Westar Energy’s dividend payout ratio is currently 67.23%.

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

In other Westar Energy news, CFO Anthony D. Somma sold 2,500 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $51.07, for a total value of $127,675.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Greg A. Greenwood sold 10,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $51.00, for a total value of $510,000.00. The disclosure for this sale can be found here. Insiders have sold 31,500 shares of company stock valued at $1,611,715 in the last ninety days. 0.61% of the stock is currently owned by insiders.

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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