US Bancorp DE raised its stake in Westar Energy Inc (NYSE:WR) by 7.5% during the 4th quarter, Holdings Channel reports. The firm owned 29,902 shares of the utilities provider’s stock after acquiring an additional 2,091 shares during the period. US Bancorp DE’s holdings in Westar Energy were worth $1,580,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Ffcm LLC purchased a new position in shares of Westar Energy during the third quarter worth approximately $113,000. Steward Partners Investment Advisory LLC grew its position in shares of Westar Energy by 70.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,628 shares of the utilities provider’s stock worth $138,000 after acquiring an additional 1,084 shares during the last quarter. Colorado Capital Management Inc. purchased a new position in shares of Westar Energy during the fourth quarter worth approximately $205,000. Janney Montgomery Scott LLC purchased a new position in shares of Westar Energy during the third quarter worth approximately $212,000. Finally, Townsend & Associates Inc purchased a new position in shares of Westar Energy during the fourth quarter worth approximately $213,000. Institutional investors own 71.08% of the company’s stock.
Westar Energy Inc (NYSE:WR) opened at $50.71 on Friday. 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 1 year low of $47.06 and a 1 year high of $57.32. The stock has a market cap of $7,210.00, a P/E ratio of 21.04, a PEG ratio of 5.94 and a beta of 0.35.
WR has been the topic of a number of research reports. Bank of America initiated coverage on shares of Westar Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $57.00 target price on the stock. Zacks Investment Research upgraded shares of Westar Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, December 13th. JPMorgan Chase & Co. lowered their target price on shares of Westar Energy from $62.00 to $56.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Finally, UBS Group initiated coverage on shares of Westar Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $55.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $55.50.
ILLEGAL ACTIVITY WARNING: “Westar Energy Inc (WR) Holdings Boosted by US Bancorp DE” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/02/18/westar-energy-inc-wr-holdings-boosted-by-us-bancorp-de.html.
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.
Want to see what other hedge funds are holding WR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Westar Energy Inc (NYSE:WR).
Receive News & Ratings for Westar Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westar Energy and related companies with MarketBeat.com's FREE daily email newsletter.