Zacks Investment Research cut shares of Westar Energy (NYSE:WR) from a hold rating to a sell rating in a report issued on Wednesday.
According to Zacks, “Westar Energy, Inc. is Kansas’ largest electric utility. Westar has 7,200 MW of electric generation capacity fueled by coal, uranium, natural gas, wind and landfill gas. They are a leader in electric transmission in Kansas. Their innovative customer service programs include mobile-enabled customer care, digital meters and paving the way for electric vehicle adoption. “
WR has been the topic of several other reports. UBS Group began coverage on shares of Westar Energy in a research report on Friday, February 2nd. They set a neutral rating and a $55.00 target price on the stock. Bank of America began coverage on shares of Westar Energy in a research report on Tuesday, October 24th. They set a buy rating and a $57.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their target price on shares of Westar Energy from $62.00 to $56.00 and set an overweight rating on the stock in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $55.50.
Shares of Westar Energy (WR) opened at $50.71 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.65 and a debt-to-equity ratio of 0.97. Westar Energy has a 1 year low of $47.06 and a 1 year high of $57.32. The company has a market cap of $7,210.00, a P/E ratio of 21.04, a P/E/G ratio of 5.94 and a beta of 0.35.
Large investors have recently bought and sold shares of the stock. Ffcm LLC bought a new position in Westar Energy during the 3rd quarter worth approximately $113,000. Steward Partners Investment Advisory LLC raised its holdings in Westar Energy by 70.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,628 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 1,084 shares during the last quarter. Legg Mason Asset Management Japan Co. Ltd. bought a new position in Westar Energy during the 4th quarter worth approximately $159,000. Colorado Capital Management Inc. bought a new position in Westar Energy during the 4th quarter worth approximately $205,000. Finally, Janney Montgomery Scott LLC bought a new position in Westar Energy during the 3rd quarter worth approximately $212,000. Institutional investors and hedge funds own 71.08% of the company’s stock.
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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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