Intrust Bank NA bought a new stake in Westar Energy Inc (NYSE:WR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,404 shares of the utilities provider’s stock, valued at approximately $233,000.
A number of other institutional investors have also recently made changes to their positions in WR. Dimensional Fund Advisors LP raised its position in Westar Energy by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 479,709 shares of the utilities provider’s stock valued at $25,435,000 after buying an additional 3,074 shares during the last quarter. AHL Partners LLP acquired a new stake in Westar Energy in the 2nd quarter valued at approximately $790,000. The Manufacturers Life Insurance Company raised its position in Westar Energy by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 209,304 shares of the utilities provider’s stock valued at $11,097,000 after buying an additional 3,489 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Westar Energy by 19.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 17,833 shares of the utilities provider’s stock valued at $945,000 after buying an additional 2,923 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in Westar Energy in the 2nd quarter valued at approximately $1,241,000. 71.08% of the stock is currently owned by institutional investors and hedge funds.
Westar Energy Inc (NYSE WR) opened at $50.66 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.07 and a quick ratio of 0.65. The firm has a market capitalization of $7,200.00, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 5.84 and a beta of 0.35. Westar Energy Inc has a one year low of $47.06 and a one year high of $57.32.
A number of equities research analysts recently issued reports on WR shares. Zacks Investment Research upgraded Westar Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 28th. Bank of America started coverage on Westar Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $57.00 price target for the company. JPMorgan Chase & Co. decreased their price target on Westar Energy from $62.00 to $56.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Finally, UBS Group started coverage on Westar Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $55.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Westar Energy presently has a consensus rating of “Buy” and a consensus price target of $55.50.
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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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