Westar Energy Inc (NYSE:WR) CEO Mark A. Ruelle sold 29,500 shares of Westar Energy stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $51.02, for a total transaction of $1,505,090.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of WR stock traded down $0.58 during midday trading on Friday, hitting $49.98. 837,255 shares of the stock were exchanged, compared to its average volume of 901,308. The firm has a market capitalization of $7,191.30, a PE ratio of 22.27, a P/E/G ratio of 5.06 and a beta of 0.41. Westar Energy Inc has a 52-week low of $47.06 and a 52-week high of $57.32. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.88 and a quick ratio of 0.53.
Westar Energy (NYSE:WR) last issued its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.16). The business had revenue of $595.00 million for the quarter, compared to analyst estimates of $642.02 million. Westar Energy had a net margin of 12.60% and a return on equity of 8.40%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. research analysts forecast that Westar Energy Inc will post 2.5 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of WR. Renaissance Technologies LLC grew its holdings in shares of Westar Energy by 30.1% during the fourth quarter. Renaissance Technologies LLC now owns 4,150,000 shares of the utilities provider’s stock valued at $219,120,000 after buying an additional 959,000 shares during the last quarter. Citadel Advisors LLC boosted its holdings in Westar Energy by 67.9% during the fourth quarter. Citadel Advisors LLC now owns 1,382,468 shares of the utilities provider’s stock worth $72,995,000 after purchasing an additional 558,847 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Westar Energy by 31.8% during the third quarter. Ameriprise Financial Inc. now owns 2,215,217 shares of the utilities provider’s stock worth $109,878,000 after purchasing an additional 533,878 shares during the last quarter. BlackRock Inc. boosted its holdings in Westar Energy by 2.3% during the fourth quarter. BlackRock Inc. now owns 19,013,752 shares of the utilities provider’s stock worth $1,003,927,000 after purchasing an additional 433,537 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Westar Energy by 20.3% during the third quarter. JPMorgan Chase & Co. now owns 2,249,977 shares of the utilities provider’s stock worth $112,184,000 after purchasing an additional 379,131 shares during the last quarter. Hedge funds and other institutional investors own 74.62% of the company’s stock.
Several equities research analysts have weighed in on WR shares. Zacks Investment Research raised shares of Westar Energy from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Sunday, January 21st. JPMorgan Chase & Co. decreased their price target on shares of Westar Energy from $62.00 to $56.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. TheStreet raised shares of Westar Energy from a “c+” rating to a “b-” rating in a research note on Monday, March 19th. Finally, UBS began coverage on shares of Westar Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Westar Energy currently has an average rating of “Buy” and an average price target of $55.50.
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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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