Westar Energy Hits New 1-Year High at $36.39 (WR)
Shares of Westar Energy (NYSE:WR) hit a new 52-week high during mid-day trading on Friday , Analyst Ratings Network.com reports. The stock traded as high as $36.39 and last traded at $36.18, with a volume of 435,177 shares changing hands. The stock had previously closed at $36.24.
Several analysts have recently commented on the stock. Analysts at Ladenburg Thalmann upgraded shares of Westar Energy from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. They now have a $39.00 price target on the stock, up previously from $36.00. Separately, analysts at SunTrust raised their price target on shares of Westar Energy from $34.00 to $37.00 in a research note on Friday, May 9th. They now have a “neutral” rating on the stock. Finally, analysts at ISI Group cut their price target on shares of Westar Energy from $37.00 to $34.00 in a research note on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.76.
The stock’s 50-day moving average is $35.61 and its 200-day moving average is $33.86. The company has a market cap of $4.644 billion and a P/E ratio of 15.18.
Westar Energy (NYSE:WR) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.47 by $0.06. The company had revenue of $628.55 million for the quarter, compared to the consensus estimate of $582.77 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. On average, analysts predict that Westar Energy will post $2.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Monday, June 9th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Thursday, June 5th.
Westar Energy, Inc (NYSE:WR) provides electric generation, transmission and distribution services to approximately 690,000 customers in Kansas.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.