OLD Republic International Corp held its stake in shares of Westar Energy, Inc. (NYSE:WR) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 330,000 shares of the utilities provider’s stock at the end of the second quarter. OLD Republic International Corp’s holdings in Westar Energy were worth $17,497,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of WR. Louisiana State Employees Retirement System increased 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 last quarter. Blackstart Capital LP acquired a new stake in shares of Westar Energy during the first quarter valued at $10,057,000. State Treasurer State of Michigan increased 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 valued at $3,134,000 after buying an additional 600 shares during the last quarter. Vanguard Group Inc. increased 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 valued at $674,263,000 after buying an additional 618,478 shares during the last quarter. Finally, Nationwide Fund Advisors increased 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 valued at $14,653,000 after buying an additional 18,939 shares during the last quarter. Hedge funds and other institutional investors own 71.31% of the company’s stock.

Westar Energy, Inc. (NYSE:WR) opened at 50.99 on Friday. The company has a market cap of $7.25 billion, a PE ratio of 21.42 and a beta of 0.39. The company has a 50-day moving average price of $51.29 and a 200 day moving average price of $52.96. Westar Energy, Inc. has a 52 week low of $49.21 and a 52 week 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.06. The firm had revenue of $609.32 million during the quarter, compared to analysts’ expectations 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 firm earned $0.51 EPS. On average, equities research analysts forecast that Westar Energy, Inc. will post $2.51 EPS for the current fiscal year.

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Several equities research analysts have recently weighed in on WR shares. Zacks Investment Research upgraded Westar Energy from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Tuesday, June 20th. BidaskClub upgraded Westar Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Evercore ISI upgraded Westar Energy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $49.00 to $53.00 in a report on Tuesday, July 11th. Wolfe Research started coverage on Westar Energy in a report on Wednesday, July 26th. They issued an “outperform” rating on the stock. Finally, J P Morgan Chase & Co upgraded Westar Energy from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $32.00 to $53.00 in a report on Tuesday, July 11th. One 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 stock currently has an average 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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