IFP Advisors Inc raised its stake in Westar Energy, Inc. (NYSE:WR) by 15.3% during the second quarter, Holdings Channel reports. The firm owned 10,877 shares of the utilities provider’s stock after buying an additional 1,441 shares during the period. IFP Advisors Inc’s holdings in Westar Energy were worth $577,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of Westar Energy by 3.2% in the fourth quarter. Teachers Advisors LLC now owns 390,753 shares of the utilities provider’s stock valued at $22,019,000 after buying an additional 12,145 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of Westar Energy by 1.8% in the first quarter. Gulf International Bank UK Ltd now owns 44,550 shares of the utilities provider’s stock valued at $2,417,000 after buying an additional 800 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Westar Energy by 0.5% in the first quarter. Capstone Asset Management Co. now owns 12,092 shares of the utilities provider’s stock valued at $656,000 after buying an additional 60 shares during the period. Louisiana State Employees Retirement System boosted its stake 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 valued at $1,948,000 after buying an additional 800 shares during the period. Finally, Washington Trust Bank boosted its stake 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 valued at $128,000 after buying an additional 2,100 shares during the period. 71.31% of the stock is owned by institutional investors and hedge funds.

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

Westar Energy (NYSE:WR) last issued its earnings results on Tuesday, August 8th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.06. The firm had revenue of $609.32 million during the quarter, compared to the consensus estimate of $633.96 million. Westar Energy had a net margin of 13.33% and a return on equity of 8.87%. During the same period in the previous year, the company posted $0.51 earnings per share. On average, analysts expect that Westar Energy, Inc. will post $2.51 earnings per share for the current fiscal year.

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Several analysts have recently commented on WR shares. Zacks Investment Research raised Westar Energy from a “sell” rating to a “hold” rating in a research report on Saturday, April 22nd. J P Morgan Chase & Co raised 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 report on Tuesday, July 11th. Evercore ISI raised 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 report on Tuesday, July 11th. BidaskClub cut Westar Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Wolfe Research began coverage on Westar Energy in a report on Wednesday, July 26th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus 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.

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

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