Westar Energy, Inc. (WR) Position Boosted by Tdam USA Inc.

Tdam USA Inc. increased its position in shares of Westar Energy, Inc. (NYSE:WR) by 8.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,743 shares of the utilities provider’s stock after buying an additional 940 shares during the period. Tdam USA Inc.’s holdings in Westar Energy were worth $625,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WR. Louisiana State Employees Retirement System boosted its stake in shares of Westar Energy by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the utilities provider’s stock worth $1,948,000 after buying an additional 800 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Westar Energy by 23.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 462,472 shares of the utilities provider’s stock valued at $26,060,000 after buying an additional 88,786 shares during the last quarter. Blackstart Capital LP acquired a new position in Westar Energy during the first quarter valued at approximately $10,057,000. State Treasurer State of Michigan raised its position in Westar Energy by 1.0% in the first quarter. State Treasurer State of Michigan now owns 57,750 shares of the utilities provider’s stock valued at $3,134,000 after buying an additional 600 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Westar Energy by 5.2% in the first quarter. Vanguard Group Inc. now owns 12,424,214 shares of the utilities provider’s stock valued at $674,263,000 after buying an additional 618,478 shares during the last quarter. Institutional investors and hedge funds own 71.31% of the company’s stock.

Westar Energy, Inc. (NYSE WR) opened at 51.10 on Thursday. Westar Energy, Inc. has a 52 week low of $49.21 and a 52 week high of $57.50. The company has a 50-day moving average of $51.41 and a 200-day moving average of $53.01. The stock has a market cap of $7.26 billion, a P/E ratio of 21.38 and a beta of 0.39.

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WR has been the subject of several recent research reports. Evercore ISI raised shares of Westar Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $49.00 to $53.00 in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Westar Energy from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Wednesday, June 28th. BidaskClub lowered shares of Westar Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. J P Morgan Chase & Co raised shares of Westar Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $32.00 to $53.00 in a research note on Tuesday, July 11th. Finally, Wolfe Research initiated coverage on shares of Westar Energy in a research note on Wednesday, July 26th. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $55.33.

About Westar Energy

Westar Energy, Inc is an electric utility. The Company provides electric generation, transmission and distribution services. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Its subsidiary, Kansas Gas and Electric Company (KGE), provides these services in south-central and southeastern Kansas, including the city of Wichita.

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Institutional Ownership by Quarter for Westar Energy (NYSE:WR)

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