Prudential Financial Inc. lowered its stake in shares of Westar Energy Inc. (NYSE:WR) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,619 shares of the company’s stock after selling 930 shares during the period. Prudential Financial Inc. owned 0.06% of Westar Energy worth $4,802,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of WR. GSA Capital Partners LLP acquired a new position in Westar Energy during the second quarter worth approximately $3,301,000. Adage Capital Partners GP L.L.C. acquired a new position in Westar Energy during the first quarter worth approximately $24,805,000. Renaissance Technologies LLC raised 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 during the last quarter. Kennedy Capital Management Inc. raised its position in Westar Energy by 19.2% in the first quarter. Kennedy Capital Management Inc. now owns 293,088 shares of the company’s stock worth $14,540,000 after buying an additional 47,220 shares during the last quarter. Finally, HBK Investments L P acquired a new position in Westar Energy during the first quarter worth approximately $1,697,000. Institutional investors own 69.86% of the company’s stock.
Westar Energy Inc. (NYSE:WR) opened at 57.22 on Friday. Westar Energy Inc. has a 1-year low of $38.51 and a 1-year high of $57.25. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 25.88 and a beta of 0.35. The stock has a 50 day moving average price of $55.92 and a 200-day moving average price of $54.21.
Westar Energy (NYSE:WR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.51 EPS 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 firm earned $621.45 million during the quarter, compared to the consensus estimate of $639.24 million. During the same quarter in the prior year, the company earned $0.47 EPS. Westar Energy’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts predict that Westar Energy Inc. will post $2.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 9th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Wednesday, September 7th. Westar Energy’s payout ratio is presently 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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