Westar Energy, Inc. (NYSE:WR) SVP Bruce A. Akin sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $51.50, for a total value of $257,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Westar Energy, Inc. (WR) traded up 0.21% during trading on Wednesday, hitting $51.58. The company had a trading volume of 696,014 shares. Westar Energy, Inc. has a one year low of $49.21 and a one year high of $57.50. The stock has a 50-day moving average of $51.17 and a 200 day moving average of $52.88. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 21.67 and a beta of 0.39.

Westar Energy (NYSE:WR) last issued its quarterly earnings results on Tuesday, August 8th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.06. The company had revenue of $609.32 million during the quarter, compared to the consensus estimate of $633.96 million. Westar Energy had a net margin of 13.33% and a return on equity of 8.87%. During the same quarter last year, the firm posted $0.51 earnings per share. Equities analysts forecast that Westar Energy, Inc. will post $2.50 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in WR. Retirement Planning Group boosted its stake in Westar Energy by 0.5% in the first quarter. Retirement Planning Group now owns 4,514 shares of the utilities provider’s stock valued at $245,000 after buying an additional 23 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Westar Energy by 1.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,486 shares of the utilities provider’s stock valued at $135,000 after buying an additional 46 shares during the last quarter. Capstone Asset Management Co. boosted its stake in Westar Energy by 0.5% in the first quarter. Capstone Asset Management Co. now owns 12,092 shares of the utilities provider’s stock valued at $656,000 after buying an additional 60 shares during the last quarter. Private Advisor Group LLC boosted its stake in Westar Energy by 1.1% in the second quarter. Private Advisor Group LLC now owns 7,236 shares of the utilities provider’s stock valued at $367,000 after buying an additional 79 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. boosted its stake in Westar Energy by 1.9% in the first quarter. Laurel Wealth Advisors Inc. now owns 5,275 shares of the utilities provider’s stock valued at $286,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 73.47% of the company’s stock.

WR has been the subject of a number of research reports. Evercore ISI upgraded Westar Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $49.00 to $53.00 in a research report on Tuesday, July 11th. Zacks Investment Research upgraded Westar Energy from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Wednesday, June 28th. BidaskClub downgraded Westar Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. J P Morgan Chase & Co upgraded Westar Energy from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $32.00 to $53.00 in a research report on Tuesday, July 11th. Finally, Wolfe Research started coverage on Westar Energy in a research report on Wednesday, July 26th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Westar Energy has a consensus rating of “Hold” and a consensus price target of $55.33.

Westar Energy Company Profile

Westar Energy, Inc is an electric utility. The Company provides electric generation, transmission and distribution services. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Its subsidiary, Kansas Gas and Electric Company (KGE), provides these services in south-central and southeastern Kansas, including the city of Wichita.

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