Westar Energy, Inc. (WR) Holdings Maintained by Shelton Capital Management
Shelton Capital Management continued to hold its position in shares of Westar Energy, Inc. (NYSE:WR) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,695 shares of the utilities provider’s stock at the end of the second quarter. Shelton Capital Management’s holdings in Westar Energy were worth $567,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in WR. D.A. Davidson & CO. grew its stake in Westar Energy by 6.6% in the 2nd quarter. D.A. Davidson & CO. now owns 3,240 shares of the utilities provider’s stock valued at $171,000 after buying an additional 202 shares during the last quarter. V Wealth Management LLC acquired a new position in Westar Energy in the 2nd quarter valued at about $187,000. Dynamic Technology Lab Private Ltd acquired a new position in Westar Energy in the 1st quarter valued at about $233,000. Retirement Planning Group grew its stake in Westar Energy by 0.6% in the 2nd quarter. Retirement Planning Group now owns 4,540 shares of the utilities provider’s stock valued at $241,000 after buying an additional 26 shares during the last quarter. Finally, Sii Investments Inc. WI grew its stake in Westar Energy by 4.9% in the 1st quarter. Sii Investments Inc. WI now owns 4,495 shares of the utilities provider’s stock valued at $242,000 after buying an additional 211 shares during the last quarter. Institutional investors own 73.65% of the company’s stock.
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In other news, SVP Bruce A. Akin sold 5,000 shares of Westar Energy stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $51.50, for a total value of $257,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Anthony D. Somma sold 2,500 shares of Westar Energy stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $51.07, for a total transaction of $127,675.00. The disclosure for this sale can be found here. Insiders sold 31,500 shares of company stock valued at $1,611,715 in the last quarter. Corporate insiders own 0.70% of the company’s stock.
Shares of Westar Energy, Inc. (NYSE:WR) traded up 0.545% on Monday, reaching $50.725. 81,577 shares of the company were exchanged. The firm has a market capitalization of $7.21 billion, a PE ratio of 21.313 and a beta of 0.39. Westar Energy, Inc. has a 12-month low of $49.20 and a 12-month high of $57.50. The company’s 50 day moving average is $50.71 and its 200 day moving average is $52.01.
Westar Energy (NYSE:WR) last announced its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.06). The company had revenue of $609.32 million during the quarter, compared to the consensus estimate of $633.96 million. Westar Energy had a return on equity of 8.87% and a net margin of 13.33%. During the same period in the prior year, the firm posted $0.51 EPS. Analysts forecast that Westar Energy, Inc. will post $2.50 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were paid a $0.40 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.60 annualized dividend and a dividend yield of 3.16%. Westar Energy’s payout ratio is 67.23%.
WR has been the topic of a number of research reports. Zacks Investment Research lowered shares of Westar Energy from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. BidaskClub upgraded shares of Westar Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Wolfe Research initiated coverage on shares of Westar Energy in a research note on Wednesday, July 26th. They issued an “outperform” rating on the stock. Wells Fargo & Company upgraded shares of Westar Energy from a “market perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a research note on Monday, October 2nd. Finally, Evercore ISI upgraded shares of Westar Energy from an “in-line” rating to an “outperform” rating and upped their price target for the company from $49.00 to $53.00 in a research note on Tuesday, July 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $53.67.
Westar Energy 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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