Westar Energy Inc. (WR) Position Held by LSV Asset Management
LSV Asset Management held its stake in shares of Westar Energy Inc. (NYSE:WR) during the second quarter, Holdings Channel reports. The institutional investor owned 2,800 shares of the company’s stock at the end of the second quarter. LSV Asset Management’s holdings in Westar Energy were worth $157,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. Washington Trust Bank acquired a new stake in Westar Energy during the second quarter valued at approximately $110,000. Atwood & Palmer Inc. raised its position in Westar Energy by 3.3% in the second quarter. Atwood & Palmer Inc. now owns 2,050 shares of the company’s stock valued at $115,000 after buying an additional 66 shares during the period. Advisory Services Network LLC raised its position in Westar Energy by 4.0% in the second quarter. Advisory Services Network LLC now owns 2,600 shares of the company’s stock valued at $146,000 after buying an additional 100 shares during the period. Daiwa Securities Group Inc. purchased a new position in Westar Energy during the second quarter valued at approximately $179,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Westar Energy during the second quarter valued at approximately $179,000. Institutional investors own 69.86% of the company’s stock.
Westar Energy Inc. (NYSE:WR) traded down 0.18% during mid-day trading on Tuesday, reaching $55.99. 724,960 shares of the company’s stock traded hands. Westar Energy Inc. has a 52 week low of $36.79 and a 52 week high of $57.25. The stock has a market capitalization of $7.94 billion, a PE ratio of 25.32 and a beta of 0.33. The stock’s 50 day moving average is $54.57 and its 200-day moving average is $53.01.
Westar Energy (NYSE:WR) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ 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 business earned $621.45 million during the quarter, compared to analysts’ expectations of $639.24 million. During the same period in the previous year, the business posted $0.47 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities 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 Monday, October 3rd. Stockholders of record on Friday, September 9th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Wednesday, September 7th. Westar Energy’s payout ratio is 68.47%.
Several research analysts recently commented on WR shares. Barclays PLC boosted their price objective on shares of Westar Energy from $45.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 2nd. Gabelli lowered shares of Westar Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 1st. Zacks Investment Research upgraded shares of Westar Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 26th. Bank of America Corp. reiterated a “sell” rating on shares of Westar Energy in a research note on Tuesday, May 24th. Finally, Mizuho lowered shares of Westar Energy from a “buy” rating to a “neutral” rating and set a $60.00 price objective for the company. in a research note on Wednesday, June 1st. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Westar Energy presently has an average rating of “Hold” and an average price target of $53.00.
Westar Energy Company Profile
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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