Public Employees Retirement Association of Colorado reduced its position in Westar Energy Inc (NYSE:WR) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 30,284 shares of the utilities provider’s stock after selling 26 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Westar Energy were worth $1,606,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of WR. Louisiana State Employees Retirement System boosted its position in shares of Westar Energy by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the utilities provider’s stock worth $1,948,000 after buying an additional 800 shares during the last quarter. Blackstart Capital LP purchased a new stake in shares of Westar Energy during the first quarter worth about $10,057,000. State Treasurer State of Michigan raised its stake in shares of Westar Energy by 1.0% in the first quarter. State Treasurer State of Michigan now owns 57,750 shares of the utilities provider’s stock worth $3,134,000 after buying an additional 600 shares during the period. Vanguard Group Inc. raised its stake in shares of 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 period. Finally, Nationwide Fund Advisors raised its stake in shares of Westar Energy by 7.5% in the first quarter. Nationwide Fund Advisors now owns 270,001 shares of the utilities provider’s stock worth $14,653,000 after buying an additional 18,939 shares during the period. Institutional investors own 71.31% of the company’s stock.

Shares of Westar Energy Inc (NYSE WR) opened at 50.99 on Friday. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 21.42 and a beta of 0.39. The firm has a 50-day moving average of $51.29 and a 200-day moving average of $52.96. Westar Energy Inc has a one year low of $49.21 and a one year high of $57.50.

Westar Energy (NYSE:WR) last announced its earnings results on Tuesday, August 8th. The utilities provider reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.06. Westar Energy had a net margin of 12.48% and a return on equity of 7.56%. The firm had revenue of $609.32 million during the quarter, compared to analysts’ expectations of $633.96 million. During the same period in the prior year, the company posted $0.51 EPS. Equities research analysts forecast that Westar Energy Inc will post $2.51 EPS for the current fiscal year.

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A number of brokerages have issued reports on WR. Zacks Investment Research raised shares of Westar Energy from a “sell” rating to a “hold” rating in a report on Saturday, April 22nd. Wolfe Research began coverage on shares of Westar Energy in a report 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 report on Saturday, August 5th. J P Morgan Chase & Co raised shares of Westar Energy from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $32.00 to $53.00 in a report on Tuesday, July 11th. Finally, Evercore ISI raised shares of 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 report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average 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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