Louisiana State Employees Retirement System lowered its position in Westar Energy Inc (NYSE:WR) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 35,900 shares of the utilities provider’s stock after selling 2,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Westar Energy were worth $1,896,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. D.A. Davidson & CO. boosted its holdings in shares of Westar Energy by 6.6% during the 2nd quarter. D.A. Davidson & CO. now owns 3,240 shares of the utilities provider’s stock valued at $171,000 after purchasing an additional 202 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Westar Energy by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 42,507 shares of the utilities provider’s stock valued at $2,254,000 after purchasing an additional 634 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Westar Energy by 18.3% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 5,089 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 789 shares during the last quarter. AMP Capital Investors Ltd boosted its holdings in shares of Westar Energy by 1.2% during the 3rd quarter. AMP Capital Investors Ltd now owns 86,890 shares of the utilities provider’s stock valued at $4,310,000 after purchasing an additional 1,000 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Westar Energy by 12.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,423 shares of the utilities provider’s stock valued at $502,000 after purchasing an additional 1,014 shares during the last quarter. 73.63% of the stock is owned by institutional investors.

Westar Energy Inc (WR) opened at $51.08 on Friday. Westar Energy Inc has a 1-year low of $49.20 and a 1-year high of $57.32. The company has a market cap of $7,260.00, a PE ratio of 21.20, a price-to-earnings-growth ratio of 5.95 and a beta of 0.42. The company has a current ratio of 1.07, a quick ratio of 0.65 and a debt-to-equity ratio of 0.97.

Westar Energy (NYSE:WR) last released its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $1.11 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.09). Westar Energy had a net margin of 13.32% and a return on equity of 8.94%. The company had revenue of $794.33 million for the quarter, compared to the consensus estimate of $773.96 million. During the same period last year, the company earned $1.09 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. equities research analysts forecast that Westar Energy Inc will post 2.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Thursday, December 7th. Westar Energy’s payout ratio is 66.39%.

In related news, CEO Mark A. Ruelle sold 37,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $54.35, for a total value of $2,010,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Greg A. Greenwood sold 8,100 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $53.92, for a total transaction of $436,752.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,100 shares of company stock valued at $2,991,312. 0.70% of the stock is owned by insiders.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of Westar Energy from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. Bank of America assumed coverage on shares of Westar Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $57.00 price objective for the company. JPMorgan Chase & Co. set a $58.00 price objective on shares of Westar Energy and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, Wells Fargo & Co 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 report on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $55.75.

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Westar Energy 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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Institutional Ownership by Quarter for Westar Energy (NYSE:WR)

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