KBC Group NV boosted its holdings in Westar Energy Inc (NYSE:WR) by 505.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,089 shares of the utilities provider’s stock after buying an additional 88,566 shares during the period. KBC Group NV owned approximately 0.07% of Westar Energy worth $5,262,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Ffcm LLC bought a new stake in shares of Westar Energy during the third quarter valued at approximately $113,000. D.A. Davidson & CO. increased its position in shares of Westar Energy by 6.6% during the second quarter. D.A. Davidson & CO. now owns 3,240 shares of the utilities provider’s stock valued at $171,000 after purchasing an additional 202 shares during the period. Dynamic Technology Lab Private Ltd increased its position in shares of Westar Energy by 18.3% during the second quarter. Dynamic Technology Lab Private Ltd now owns 5,089 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 789 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Westar Energy by 115.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,368 shares of the utilities provider’s stock valued at $285,000 after buying an additional 2,882 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in Westar Energy by 2,172.7% in the 3rd quarter. Bessemer Group Inc. now owns 5,500 shares of the utilities provider’s stock valued at $273,000 after buying an additional 5,258 shares in the last quarter. 73.66% of the stock is currently owned by institutional investors.
Shares of Westar Energy Inc (NYSE WR) traded up $0.10 during mid-day trading on Thursday, reaching $56.49. The company had a trading volume of 546,800 shares, compared to its average volume of 766,046. The company has a current ratio of 1.07, a quick ratio of 0.65 and a debt-to-equity ratio of 0.97. The firm has a market cap of $8,012.69, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 6.79 and a beta of 0.42. Westar Energy Inc has a twelve month low of $49.20 and a twelve month high of $57.50.
Westar Energy (NYSE:WR) last posted its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.09). The business had revenue of $794.33 million during the quarter, compared to analyst estimates of $773.96 million. Westar Energy had a return on equity of 8.94% and a net margin of 13.32%. Westar Energy’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. research analysts anticipate that Westar Energy Inc will post 2.45 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Thursday, December 7th. Westar Energy’s dividend payout ratio is currently 66.39%.
In other news, CFO Anthony D. Somma sold 3,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $54.53, for a total transaction of $163,590.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Larry D. Irick sold 5,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $54.38, for a total value of $271,900.00. The disclosure for this sale can be found here. In the last three months, insiders sold 55,100 shares of company stock worth $2,991,312. Insiders own 0.70% of the company’s stock.
Several analysts recently commented on the company. Bank of America assumed coverage on Westar Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $57.00 price target on the stock. J P Morgan Chase & Co set a $58.00 price target on Westar Energy and gave the company a “buy” rating in a research note on Thursday, October 12th. Wells Fargo & Company raised Westar Energy from a “market perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised Westar Energy from a “sell” rating to a “hold” rating in a research note on Saturday, September 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $55.75.
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Westar Energy Profile
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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