Harbour Capital Advisors LLC boosted its stake in shares of Westar Energy, Inc. (NYSE:WR) by 5,201.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,209 shares of the utilities provider’s stock after buying an additional 13,941 shares during the period. Harbour Capital Advisors LLC’s holdings in Westar Energy were worth $268,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Washington Trust Bank increased its position in shares of Westar Energy by 792.5% in the first quarter. Washington Trust Bank now owns 2,365 shares of the utilities provider’s stock worth $128,000 after buying an additional 2,100 shares during the last quarter. Trust Co. of Vermont increased its position in shares of Westar Energy by 22.5% in the first quarter. Trust Co. of Vermont now owns 2,450 shares of the utilities provider’s stock worth $133,000 after buying an additional 450 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Westar Energy by 1.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,486 shares of the utilities provider’s stock worth $135,000 after buying an additional 46 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Westar Energy during the first quarter worth approximately $139,000. Finally, Advantage Investment Management LLC bought a new position in shares of Westar Energy during the first quarter worth approximately $142,000. 71.31% of the stock is currently owned by institutional investors and hedge funds.

Westar Energy, Inc. (NYSE WR) opened at 51.39 on Tuesday. Westar Energy, Inc. has a 1-year low of $49.21 and a 1-year high of $57.50. The company has a market cap of $7.30 billion, a PE ratio of 21.50 and a beta of 0.39. The stock has a 50 day moving average price of $51.79 and a 200 day moving average price of $53.15.

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WR has been the subject of a number of recent research reports. Zacks Investment Research upgraded Westar Energy from a “sell” rating to a “hold” rating in a research note on Saturday, April 22nd. BidaskClub downgraded Westar Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. J P Morgan Chase & Co upgraded Westar Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $32.00 to $53.00 in a research note on Tuesday, July 11th. Evercore ISI upgraded Westar Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $49.00 to $53.00 in a research note on Tuesday, July 11th. Finally, Wolfe Research initiated coverage on Westar Energy in a research note on Wednesday, July 26th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Westar Energy has a consensus rating of “Hold” and an average target price 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.

Institutional Ownership by Quarter for Westar Energy (NYSE:WR)

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