Boston Advisors LLC continued to hold its position in shares of Westar Energy Inc. (NYSE:WR) during the second quarter, Holdings Channel reports. The firm owned 8,100 shares of the company’s stock at the end of the second quarter. Boston Advisors LLC’s holdings in Westar Energy were worth $454,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Aperio Group LLC boosted its position in Westar Energy by 15.1% in the first quarter. Aperio Group LLC now owns 33,089 shares of the company’s stock worth $1,642,000 after buying an additional 4,332 shares during the last quarter. Prudential Financial Inc. boosted its position in Westar Energy by 0.9% in the first quarter. Prudential Financial Inc. now owns 86,549 shares of the company’s stock worth $4,294,000 after buying an additional 750 shares during the last quarter. BlackRock Inc. boosted its position in Westar Energy by 42.3% in the first quarter. BlackRock Inc. now owns 85,532 shares of the company’s stock worth $4,243,000 after buying an additional 25,437 shares during the last quarter. BlackRock Group LTD boosted its position in Westar Energy by 40.4% in the first quarter. BlackRock Group LTD now owns 171,085 shares of the company’s stock worth $8,489,000 after buying an additional 49,262 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in Westar Energy by 1.5% in the first quarter. BlackRock Fund Advisors now owns 4,973,120 shares of the company’s stock worth $246,716,000 after buying an additional 72,979 shares during the last quarter. 63.98% of the stock is owned by institutional investors and hedge funds.
Westar Energy Inc. (NYSE:WR) traded down 0.46% during trading on Thursday, reaching $56.39. The company had a trading volume of 486,994 shares. The firm has a 50-day moving average of $55.51 and a 200-day moving average of $53.88. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 25.50 and a beta of 0.35. Westar Energy Inc. has a 1-year low of $38.51 and a 1-year high of $57.25.
Westar Energy (NYSE:WR) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.02. Westar Energy had a net margin of 12.76% and a return on equity of 8.55%. The business earned $621.45 million during the quarter, compared to analyst estimates of $639.24 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts anticipate that Westar Energy Inc. will post $2.45 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 9th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Wednesday, September 7th. Westar Energy’s payout ratio is 68.47%.
Westar Energy Company Profile
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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