LS Investment Advisors LLC raised its position in Westar Energy Inc. (NYSE:WR) by 205.8% during the second quarter, Holdings Channel reports. The institutional investor owned 14,977 shares of the company’s stock after buying an additional 10,079 shares during the period. LS Investment Advisors LLC’s holdings in Westar Energy were worth $840,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in 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 in 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 worth $66,405,000 after buying an additional 417,518 shares in the last quarter. 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 worth $183,680,000 after buying an additional 21,456 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in Westar Energy by 3.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 128,344 shares of the company’s stock worth $6,367,000 after buying an additional 3,873 shares in the last quarter. Finally, HBK Investments L P acquired a new position in Westar Energy during the first quarter worth approximately $1,697,000. 69.86% of the stock is owned by hedge funds and other institutional investors.
Westar Energy Inc. (NYSE:WR) traded up 0.28% during trading on Wednesday, reaching $56.48. 597,460 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $55.71 and its 200-day moving average price is $54.11. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 25.55 and a beta of 0.35. Westar Energy Inc. has a 52-week low of $38.51 and a 52-week high of $57.25.
Westar Energy (NYSE:WR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.02. Westar Energy had a net margin of 12.76% and a return on equity of 8.55%. The company earned $621.45 million during the quarter, compared to the consensus estimate of $639.24 million. During the same quarter last year, the company earned $0.47 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Equities analysts expect that Westar Energy Inc. will post $2.45 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 9th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, September 7th. Westar Energy’s dividend payout ratio (DPR) 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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