Swiss National Bank Acquires 8,700 Shares of Westar Energy, Inc. (WR)
Swiss National Bank raised its holdings in Westar Energy, Inc. (NYSE:WR) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 906,900 shares of the utilities provider’s stock after purchasing an additional 8,700 shares during the period. Swiss National Bank owned 638,257.44% of Westar Energy worth $44,982,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Westar Energy by 19.3% in the second quarter. BlackRock Inc. now owns 16,587,206 shares of the utilities provider’s stock worth $879,454,000 after purchasing an additional 2,679,597 shares in the last quarter. Vanguard Group Inc. grew its stake in Westar Energy by 1.5% during the second quarter. Vanguard Group Inc. now owns 12,610,777 shares of the utilities provider’s stock valued at $668,624,000 after acquiring an additional 186,563 shares in the last quarter. American Century Companies Inc. grew its stake in Westar Energy by 365.2% during the second quarter. American Century Companies Inc. now owns 4,057,368 shares of the utilities provider’s stock valued at $215,122,000 after acquiring an additional 3,185,194 shares in the last quarter. CNH Partners LLC grew its stake in Westar Energy by 8.2% during the second quarter. CNH Partners LLC now owns 3,428,377 shares of the utilities provider’s stock valued at $181,773,000 after acquiring an additional 260,631 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Westar Energy by 0.8% during the second quarter. Renaissance Technologies LLC now owns 2,314,200 shares of the utilities provider’s stock valued at $122,699,000 after acquiring an additional 18,900 shares in the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.
In other Westar Energy news, CFO Anthony D. Somma sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $54.53, for a total value of $163,590.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin L. Kongs sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $54.06, for a total transaction of $108,120.00. The disclosure for this sale can be found here. In the last three months, insiders sold 20,600 shares of company stock valued at $1,108,037. Corporate insiders own 0.70% of the company’s stock.
Several brokerages recently commented on WR. Bank of America Corporation began coverage on shares of Westar Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $57.00 price objective for the company. Zacks Investment Research raised shares of Westar Energy from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. J P Morgan Chase & Co set a $58.00 price objective on shares of Westar Energy and gave the company a “buy” rating in a research note on Thursday, October 12th. Wells Fargo & Company raised shares of Westar Energy from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a research note on Monday, October 2nd. Finally, BidaskClub raised shares of Westar Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $55.75.
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Westar Energy, Inc. (NYSE WR) opened at $55.49 on Wednesday. The company has a market cap of $7,775.40, a P/E ratio of 22.70, a P/E/G ratio of 6.60 and a beta of 0.41. Westar Energy, Inc. has a 12 month low of $49.20 and a 12 month high of $57.50. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.65 and a current ratio of 1.07.
Westar Energy (NYSE:WR) last released its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $1.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.20 by ($0.09). Westar Energy had a return on equity of 8.94% and a net margin of 13.32%. The company had revenue of $794.33 million during the quarter, compared to analysts’ expectations of $773.96 million. During the same period in the prior year, the firm earned $1.09 EPS. Westar Energy’s quarterly revenue was up 3.9% on a year-over-year basis. equities analysts forecast that Westar Energy, Inc. will post 2.44 EPS for the current year.
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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