Shares of Westar Energy Inc (NYSE:WR) have earned an average rating of “Buy” from the eight research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $55.20.
A number of research analysts have commented on the company. Zacks Investment Research raised Westar Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 28th. Bank of America assumed coverage on Westar Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $57.00 price objective on the stock. JPMorgan Chase & Co. set a $58.00 price objective on Westar Energy and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, UBS Group assumed coverage on Westar Energy in a report on Friday. They issued a “neutral” rating and a $55.00 price objective on the stock.
Westar Energy (NYSE WR) opened at $49.95 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.07 and a debt-to-equity ratio of 0.97. Westar Energy has a 1-year low of $49.20 and a 1-year high of $57.32. The company has a market capitalization of $7,147.34, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 5.89 and a beta of 0.35.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ffcm LLC acquired a new stake in shares of Westar Energy during the 3rd quarter worth $113,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Westar Energy by 70.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,628 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 1,084 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Westar Energy by 6.6% during the 2nd quarter. D.A. Davidson & CO. now owns 3,240 shares of the utilities provider’s stock worth $171,000 after purchasing an additional 202 shares in the last quarter. Colorado Capital Management Inc. acquired a new stake in shares of Westar Energy during the 4th quarter worth $205,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Westar Energy during the 3rd quarter worth $212,000. 73.76% of the stock is currently owned by institutional investors.
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About Westar Energy
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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