Westar Energy Inc (WR) Shares Sold by State Treasurer State of Michigan
State Treasurer State of Michigan trimmed its stake in Westar Energy Inc (NYSE:WR) by 4.5% in the fourth quarter, HoldingsChannel reports. The firm owned 51,050 shares of the utilities provider’s stock after selling 2,400 shares during the quarter. State Treasurer State of Michigan’s holdings in Westar Energy were worth $2,695,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Engineers Gate Manager LP lifted its position in shares of Westar Energy by 14.3% in the fourth quarter. Engineers Gate Manager LP now owns 68,151 shares of the utilities provider’s stock worth $3,598,000 after purchasing an additional 8,546 shares in the last quarter. Mutual of America Capital Management LLC raised its position in Westar Energy by 1.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 131,259 shares of the utilities provider’s stock valued at $6,930,000 after acquiring an additional 1,291 shares in the last quarter. Townsend & Associates Inc bought a new position in Westar Energy during the fourth quarter valued at approximately $213,000. Robeco Institutional Asset Management B.V. raised its position in Westar Energy by 401.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 9,414 shares of the utilities provider’s stock valued at $498,000 after acquiring an additional 7,538 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Westar Energy by 24.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 164,799 shares of the utilities provider’s stock valued at $8,701,000 after acquiring an additional 32,268 shares in the last quarter. 73.81% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Mark A. Ruelle sold 37,000 shares of Westar Energy stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $54.35, for a total value of $2,010,950.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.70% of the stock is currently owned by company insiders.
Westar Energy Inc (NYSE:WR) opened at $50.36 on Friday. The firm has a market cap of $6,917.15, a P/E ratio of 20.90, a P/E/G ratio of 5.71 and a beta of 0.35. 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 Inc has a 52-week low of $47.06 and a 52-week high of $57.32.
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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