Westar Energy Hits New 52-Week High at $37.88 (WR)
Westar Energy (NYSE:WR) shares reached a new 52-week high during trading on Thursday , Stock Ratings Network.com reports. The stock traded as high as $37.88 and last traded at $37.76, with a volume of 510,779 shares. The stock had previously closed at $37.59.
A number of research firms have recently commented on WR. 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 assigned a buy rating to the stock. Westar Energy has a consensus rating of “Hold” and a consensus target price of $36.76.
The stock’s 50-day moving average is $35.98 and its 200-day moving average is $34.33. The company has a market cap of $4.866 billion and a P/E ratio of 15.75.
Westar Energy (NYSE:WR) last announced its earnings results on Wednesday, May 7th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Analysts expect that Westar Energy will post $2.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders 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 3.72%. 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.
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