First Manhattan Co. continued to hold its stake in Westar Energy, Inc. (NYSE:WR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,435 shares of the utilities provider’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Westar Energy were worth $447,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WR. Texas Permanent School Fund raised its position in Westar Energy by 0.8% in the second quarter. Texas Permanent School Fund now owns 103,708 shares of the utilities provider’s stock worth $5,499,000 after buying an additional 866 shares during the period. World Asset Management Inc raised its position in Westar Energy by 1.3% in the second quarter. World Asset Management Inc now owns 9,619 shares of the utilities provider’s stock worth $510,000 after buying an additional 124 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in Westar Energy by 183.3% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 51,000 shares of the utilities provider’s stock worth $2,704,000 after buying an additional 33,000 shares during the period. Rothschild Asset Management Inc. raised its position in Westar Energy by 83.5% in the second quarter. Rothschild Asset Management Inc. now owns 54,572 shares of the utilities provider’s stock worth $2,893,000 after buying an additional 24,828 shares during the period. Finally, Harbour Capital Advisors LLC raised its position in Westar Energy by 5,201.9% in the second quarter. Harbour Capital Advisors LLC now owns 14,209 shares of the utilities provider’s stock worth $268,000 after buying an additional 13,941 shares during the period. Institutional investors own 71.31% of the company’s stock.

Westar Energy, Inc. (NYSE:WR) opened at 51.57 on Wednesday. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 21.58 and a beta of 0.39. The firm has a 50-day moving average of $51.60 and a 200-day moving average of $53.11. Westar Energy, Inc. has a 1-year low of $49.21 and a 1-year high of $57.50.

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A number of research firms have weighed in on WR. Zacks Investment Research raised shares of Westar Energy from a “sell” rating to a “hold” rating in a research note on Saturday, April 22nd. Wolfe Research began coverage on shares of Westar Energy in a research note on Wednesday, July 26th. They issued an “outperform” rating on the stock. BidaskClub raised shares of Westar Energy from a “sell” rating to a “hold” rating in a research note on Saturday. J P Morgan Chase & Co raised shares of Westar Energy from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $32.00 to $53.00 in a research note on Tuesday, July 11th. Finally, Evercore ISI raised shares of Westar Energy from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $49.00 to $53.00 in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company presently 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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Institutional Ownership by Quarter for Westar Energy (NYSE:WR)

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