BlackRock Advisors LLC reduced its position in shares of Westar Energy Inc. (NYSE:WR) by 20.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,075 shares of the company’s stock after selling 56,877 shares during the period. BlackRock Advisors LLC owned about 0.16% of Westar Energy worth $12,680,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of Westar Energy by 5.1% in the first quarter. Renaissance Technologies LLC now owns 928,800 shares of the company’s stock worth $46,078,000 after buying an additional 45,100 shares during the last quarter. Wellington Management Group LLP increased its position in Westar Energy by 45.3% in the first quarter. Wellington Management Group LLP now owns 1,338,545 shares of the company’s stock valued at $66,405,000 after buying an additional 417,518 shares during the period. ING Groep NV acquired a new position in Westar Energy during the second quarter valued at approximately $10,833,000. Chicago Partners Investment Group LLC acquired a new position in Westar Energy during the second quarter valued at approximately $146,000. Finally, State Street Corp increased its position in Westar Energy by 0.6% in the first quarter. State Street Corp now owns 3,702,478 shares of the company’s stock valued at $183,680,000 after buying an additional 21,456 shares during the period. 63.98% of the stock is currently owned by institutional investors.
Westar Energy Inc. (NYSE:WR) opened at 56.65 on Thursday. Westar Energy Inc. has a 1-year low of $38.08 and a 1-year high of $57.25. The firm has a 50 day moving average of $55.43 and a 200 day moving average of $53.87. The firm has a market cap of $8.03 billion, a P/E ratio of 25.62 and a beta of 0.35.
Westar Energy (NYSE:WR) last announced its earnings results on Tuesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.02. Westar Energy had a return on equity of 8.55% and a net margin of 12.76%. The firm had revenue of $621.45 million for the quarter, compared to analyst estimates of $639.24 million. During the same quarter last year, the business posted $0.47 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts expect that Westar Energy Inc. will post $2.45 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 9th were given a dividend of $0.38 per share. The ex-dividend date was Wednesday, September 7th. This represents a $1.52 dividend on an annualized basis and a yield of 2.68%. Westar Energy’s dividend payout ratio (DPR) is currently 68.47%.
About Westar Energy
Westar Energy, Inc (Westar Energy) is an electric utility in Kansas. The Company provides electric generation, transmission and distribution services to approximately 700,000 customers in Kansas. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson.
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