Westar Energy Inc. Declares Dividend of $0.35 (WR)
Westar Energy (NYSE:WR) announced a dividend on Wednesday, February 26th, Analyst Ratings News reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.35 per share on Tuesday, April 1st. The ex-dividend date is Thursday, March 6th.
WR has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Westar Energy from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $35.80 price target on the stock. On a related note, analysts at ISI Group downgraded shares of Westar Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. Finally, analysts at Barclays cut their price target on shares of Westar Energy from $36.00 to $33.00 in a research note on Monday, January 6th. They now have an “overweight” rating on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Westar Energy has a consensus rating of “Buy” and a consensus price target of $33.97.
Westar Energy (NYSE:WR) opened at 34.32 on Friday. Westar Energy has a 1-year low of $29.79 and a 1-year high of $35.24. The stock has a 50-day moving average of $33.36 and a 200-day moving average of $31.89. The company has a market cap of $4.364 billion and a price-to-earnings ratio of 14.87.
Westar Energy (NYSE:WR) last released its earnings data on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.03. The company had revenue of $559.88 million for the quarter, compared to the consensus estimate of $557.14 million. During the same quarter last year, the company posted $0.36 earnings per share. Westar Energy’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Westar Energy will post $2.31 earnings per share for the current fiscal year.
Westar Energy, Inc (NYSE:WR) provides electric generation, transmission and distribution services to approximately 690,000 customers in Kansas.
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