Boston Advisors LLC Has $334,000 Position in Westar Energy, Inc. (NYSE:WR)
Boston Advisors LLC maintained its stake in Westar Energy, Inc. (NYSE:WR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,300 shares of the utilities provider’s stock at the end of the second quarter. Boston Advisors LLC’s holdings in Westar Energy were worth $334,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in Westar Energy by 4,412.0% in the first quarter. BlackRock Inc. now owns 13,907,609 shares of the utilities provider’s stock worth $754,767,000 after buying an additional 13,599,373 shares during the last quarter. Renaissance Technologies LLC raised its stake in Westar Energy by 98.4% in the first quarter. Renaissance Technologies LLC now owns 2,295,300 shares of the utilities provider’s stock worth $124,566,000 after buying an additional 1,138,400 shares during the last quarter. American Century Companies Inc. acquired a new stake in Westar Energy during the first quarter worth approximately $47,333,000. Vanguard Group Inc. raised its stake 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 worth $674,263,000 after buying an additional 618,478 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in Westar Energy by 1,920.6% in the first quarter. Citadel Advisors LLC now owns 625,785 shares of the utilities provider’s stock worth $33,961,000 after buying an additional 594,815 shares during the last quarter. 71.73% of the stock is owned by institutional investors and hedge funds.
Westar Energy, Inc. (WR) traded up 0.20% during trading on Friday, hitting $51.30. The stock had a trading volume of 584,169 shares. The company’s 50 day moving average is $51.79 and its 200 day moving average is $53.15. The firm has a market cap of $7.29 billion, a PE ratio of 21.46 and a beta of 0.39. Westar Energy, Inc. has a 52-week low of $49.21 and a 52-week high of $57.50.
A number of analysts have commented on WR shares. Zacks Investment Research raised Westar Energy from a “sell” rating to a “hold” rating in a report on Saturday, April 22nd. BidaskClub lowered Westar Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. J P Morgan Chase & Co raised Westar Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $32.00 to $53.00 in a report on Tuesday, July 11th. Evercore ISI upgraded Westar Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $49.00 to $53.00 in a research note on Tuesday, July 11th. Finally, Wolfe Research started coverage on Westar Energy in a research note on Wednesday, July 26th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $55.33.
Westar Energy Company 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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