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Westar Energy (NYSE:WR) was downgraded by equities research analysts at ISI Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.

Westar Energy (NYSE:WR) traded down 0.85% on Tuesday, hitting $32.74. 1,377,023 shares of the company’s stock traded hands. Westar Energy has a 52-week low of $29.25 and a 52-week high of $34.96. The stock has a 50-day moving average of $31.98 and a 200-day moving average of $31.81. The company has a market cap of $4.163 billion and a price-to-earnings ratio of 14.22.

Westar Energy (NYSE:WR) last posted its quarterly earnings results on Friday, November 8th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.00 by $0.04. The company had revenue of $694.97 million for the quarter, compared to the consensus estimate of $702.57 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, analysts predict that Westar Energy will post $2.24 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Barclays cut their price target on shares of Westar Energy from $36.00 to $33.00 in a research note to investors on Monday, January 6th. They now have an “overweight” rating on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Westar Energy from a “neutral” rating to a “buy” rating in a research note to investors on Friday, January 3rd. Finally, analysts at Zacks upgraded shares of Westar Energy from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, December 11th. They now have a $35.80 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $33.97.

Westar Energy, Inc (NYSE:WR) provides electric generation, transmission and distribution services to approximately 690,000 customers in Kansas.

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