Westar Energy Inc (WR) Plans Quarterly Dividend of $0.35
Westar Energy (NYSE:WR) declared a quarterly dividend on Wednesday, August 27th, Analyst Ratings News reports. Stockholders of record on Tuesday, September 9th will be given a dividend of 0.35 per share on Wednesday, October 1st. This represents a $1.40 dividend on an annualized basis and a yield of 3.83%.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Westar Energy in a research note on Wednesday, July 23rd. They now have a $41.00 price target on the stock, up previously from $37.00. Analysts at Argus raised their price target on shares of Westar Energy from $41.00 to $43.00 in a research note on Thursday, July 3rd. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Westar Energy presently has a consensus rating of “Hold” and a consensus price target of $37.56.
Shares of Westar Energy (NYSE:WR) traded up 1.02% on Wednesday, hitting $36.55. The stock had a trading volume of 811,375 shares. Westar Energy has a 52 week low of $29.79 and a 52 week high of $38.24. The stock’s 50-day moving average is $36.55 and its 200-day moving average is $35.69. The company has a market cap of $4.740 billion and a P/E ratio of 15.92.
Westar Energy (NYSE:WR) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.06. The company had revenue of $457.82 million for the quarter, compared to the consensus estimate of $597.58 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 7.6% 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.
Westar Energy, Inc (NYSE:WR) provides electric generation, transmission and distribution services to approximately 690,000 customers in Kansas.
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