Westar Energy (NYSE:WR) CFO Anthony D. Somma sold 12,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $49.93, for a total transaction of $599,160.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
NYSE:WR traded down $0.73 on Friday, reaching $51.28. 456,400 shares of the company’s stock were exchanged, compared to its average volume of 777,633. Westar Energy has a 52-week low of $47.06 and a 52-week high of $57.32. The firm has a market capitalization of $7,397.54, a PE ratio of 22.91, a price-to-earnings-growth ratio of 5.20 and a beta of 0.30. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.88 and a quick ratio of 0.53.
Westar Energy (NYSE:WR) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.16). Westar Energy had a net margin of 12.60% and a return on equity of 8.40%. The business had revenue of $595.00 million during the quarter, compared to analyst estimates of $642.02 million. During the same period last year, the company earned $0.38 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. analysts expect that Westar Energy will post 2.5 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 9th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.12%. The ex-dividend date was Thursday, March 8th. Westar Energy’s payout ratio is 70.48%.
WR has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Westar Energy from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. JPMorgan Chase reduced their price objective on shares of Westar Energy from $62.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. UBS initiated coverage on shares of Westar Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $55.00 price objective on the stock. Finally, TheStreet lowered shares of Westar Energy from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $55.50.
Hedge funds have recently made changes to their positions in the company. Ffcm LLC acquired a new stake in shares of Westar Energy during the third quarter valued at $113,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Westar Energy by 70.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,628 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 1,084 shares during the period. Legg Mason Asset Management Japan Co. Ltd. purchased a new position in shares of Westar Energy in the 4th quarter worth about $159,000. Colorado Capital Management Inc. purchased a new position in shares of Westar Energy in the 4th quarter worth about $205,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Westar Energy in the 3rd quarter worth about $212,000. Institutional investors and hedge funds own 74.65% of the company’s stock.
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Westar Energy Company Profile
Westar Energy, Inc, an electric utility company, generates, transmits, and distributes electricity in Kansas. It has 6,602 megawatts of electric generation capacity, which generates electricity through coal, nuclear fuels, natural gas/diesel, and renewable sources. The company also owns approximately 6,400 miles of transmission lines, 24,200 miles of overhead distribution lines, and 5,100 miles of underground distribution lines.
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