Dai Ichi Life Insurance Company Ltd lifted its position in shares of Westar Energy, Inc. (NYSE:WR) by 8.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,187 shares of the utilities provider’s stock after acquiring an additional 2,090 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Westar Energy were worth $1,494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WR. BlackRock Inc. boosted its holdings in shares of Westar Energy by 4,412.0% during the 1st quarter. BlackRock Inc. now owns 13,907,609 shares of the utilities provider’s stock valued at $754,767,000 after acquiring an additional 13,599,373 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Westar Energy by 365.2% during the 2nd quarter. American Century Companies Inc. now owns 4,057,368 shares of the utilities provider’s stock valued at $215,122,000 after acquiring an additional 3,185,194 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Westar Energy by 98.4% during the 1st quarter. Renaissance Technologies LLC now owns 2,295,300 shares of the utilities provider’s stock valued at $124,566,000 after acquiring an additional 1,138,400 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Westar Energy by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 12,424,214 shares of the utilities provider’s stock valued at $674,263,000 after acquiring an additional 618,478 shares in the last quarter. Finally, Citadel Advisors LLC boosted its holdings in shares of Westar Energy by 1,920.6% during the 1st quarter. Citadel Advisors LLC now owns 625,785 shares of the utilities provider’s stock valued at $33,961,000 after acquiring an additional 594,815 shares in the last quarter. 73.65% of the stock is currently owned by institutional investors.

Westar Energy, Inc. (WR) opened at 50.67 on Friday. The firm’s 50-day moving average price is $51.11 and its 200 day moving average price is $52.50. Westar Energy, Inc. has a one year low of $49.21 and a one year high of $57.50. The firm has a market capitalization of $7.20 billion, a P/E ratio of 21.29 and a beta of 0.41.

Westar Energy (NYSE:WR) last released its earnings results on Tuesday, August 8th. The utilities provider reported $0.50 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 prior year, the company earned $0.51 EPS. On average, equities analysts anticipate that Westar Energy, Inc. will post $2.50 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.60 annualized dividend and a yield of 3.16%. Westar Energy’s payout ratio is 67.23%.

In other Westar Energy news, VP Larry D. Irick sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $51.17, for a total transaction of $511,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Anthony D. Somma sold 4,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $51.21, for a total transaction of $204,840.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,500 shares of company stock valued at $1,611,715. Company insiders own 0.61% of the company’s stock.

WR has been the topic of several recent research reports. Evercore ISI raised Westar Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $49.00 to $53.00 in a report on Tuesday, July 11th. Zacks Investment Research raised Westar Energy from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Tuesday, June 20th. J P Morgan Chase & Co raised Westar Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $32.00 to $53.00 in a report on Tuesday, July 11th. BidaskClub downgraded Westar Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Wolfe Research initiated coverage on Westar Energy in a report on Wednesday, July 26th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Westar Energy presently has a consensus rating of “Buy” and a consensus price target of $55.33.

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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.

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

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