Strs Ohio reduced its stake in shares of Westar Energy, Inc. (NYSE:WR) by 9.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,640 shares of the utilities provider’s stock after selling 2,542 shares during the period. Strs Ohio’s holdings in Westar Energy were worth $1,359,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Washington Trust Bank raised its stake in 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. Trust Co. of Vermont raised its stake in Westar Energy by 22.5% in the first quarter. Trust Co. of Vermont now owns 2,450 shares of the utilities provider’s stock valued at $133,000 after buying an additional 450 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in 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 valued at $135,000 after buying an additional 46 shares during the period. Advisory Services Network LLC acquired a new stake in Westar Energy during the first quarter valued at about $139,000. Finally, Advantage Investment Management LLC acquired a new stake in Westar Energy during the first quarter valued at about $142,000. 71.31% of the stock is currently owned by institutional investors.

Shares of Westar Energy, Inc. (WR) opened at 50.99 on Friday. The company’s 50-day moving average is $51.29 and its 200-day moving average is $52.96. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 21.42 and a beta of 0.39. Westar Energy, Inc. has a 12-month low of $49.21 and a 12-month high of $57.50.

Westar Energy (NYSE:WR) last released its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.06. The company had revenue of $609.32 million for 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 quarter in the previous year, the business earned $0.51 EPS. Equities research analysts predict that Westar Energy, Inc. will post $2.51 earnings per share for the current year.

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Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Westar Energy from a “sell” rating to a “hold” rating in a research report on Saturday, April 22nd. Wolfe Research assumed coverage on shares of Westar Energy in a research 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 research report on Saturday, August 5th. J P Morgan Chase & Co raised shares of Westar Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $32.00 to $53.00 in a research report on Tuesday, July 11th. Finally, Evercore ISI raised shares of Westar Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $49.00 to $53.00 in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company presently 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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