Westar Energy, Inc. (NYSE:WR) SVP Bruce A. Akin sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $51.50, for a total transaction of $257,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Westar Energy, Inc. (NYSE WR) traded up 0.21% during trading on Wednesday, hitting $51.58. 696,014 shares of the stock were exchanged. Westar Energy, Inc. has a one year low of $49.21 and a one year high of $57.50. The stock has a market cap of $7.33 billion, a PE ratio of 21.67 and a beta of 0.39. The stock’s 50 day moving average price is $51.17 and its 200 day moving average price is $52.88.

Westar Energy (NYSE:WR) last issued its quarterly earnings results on Tuesday, August 8th. The utilities provider reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.06. Westar Energy had a net margin of 13.33% and a return on equity of 8.87%. The firm had revenue of $609.32 million during the quarter, compared to the consensus estimate of $633.96 million. During the same quarter last year, the firm posted $0.51 earnings per share. Equities research analysts predict that Westar Energy, Inc. will post $2.50 EPS for the current year.

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Several large investors have recently modified their holdings of WR. Washington Trust Bank increased 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 worth $128,000 after buying an additional 2,100 shares during the period. Trust Co. of Vermont increased its stake in shares of Westar Energy by 22.5% in the first quarter. Trust Co. of Vermont now owns 2,450 shares of the utilities provider’s stock worth $133,000 after buying an additional 450 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of 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 worth $135,000 after buying an additional 46 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Westar Energy during the first quarter worth $139,000. Finally, Advantage Investment Management LLC purchased a new stake in shares of Westar Energy during the first quarter worth $142,000. Institutional investors and hedge funds own 73.47% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Westar Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Wolfe Research assumed coverage on shares of Westar Energy in a research report on Wednesday, July 26th. They set an “outperform” rating on the stock. Zacks Investment Research lowered shares of Westar Energy from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. Evercore ISI upgraded 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 report on Tuesday, July 11th. Finally, J P Morgan Chase & Co upgraded 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 report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average 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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