Westar Energy Inc (WR) Holdings Trimmed by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its holdings in Westar Energy Inc (NYSE:WR) by 14.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,845 shares of the utilities provider’s stock after selling 4,445 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Westar Energy were worth $1,359,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. MML Investors Services LLC increased its position in shares of Westar Energy by 13.0% during the 4th quarter. MML Investors Services LLC now owns 8,731 shares of the utilities provider’s stock valued at $461,000 after purchasing an additional 1,002 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Westar Energy by 2.9% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 44,190 shares of the utilities provider’s stock valued at $2,324,000 after purchasing an additional 1,230 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Westar Energy by 4.1% during the 1st quarter. Thrivent Financial for Lutherans now owns 32,298 shares of the utilities provider’s stock valued at $1,699,000 after purchasing an additional 1,274 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Westar Energy by 16.8% during the 1st quarter. Riverhead Capital Management LLC now owns 9,050 shares of the utilities provider’s stock valued at $476,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Westar Energy by 16.2% during the 1st quarter. Toronto Dominion Bank now owns 9,727 shares of the utilities provider’s stock valued at $512,000 after purchasing an additional 1,353 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Shares of Westar Energy opened at $54.00 on Monday, MarketBeat.com reports. The company has a market cap of $7.68 billion, a P/E ratio of 23.79, a P/E/G ratio of 5.82 and a beta of 0.33. The company has a quick ratio of 0.48, a current ratio of 0.82 and a debt-to-equity ratio of 0.97. Westar Energy Inc has a 12-month low of $47.06 and a 12-month high of $57.44.

Westar Energy (NYSE:WR) last posted its quarterly earnings results on Wednesday, May 9th. The utilities provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.06). Westar Energy had a return on equity of 8.40% and a net margin of 12.50%. The business had revenue of $600.20 million during the quarter, compared to the consensus estimate of $567.39 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. sell-side analysts expect that Westar Energy Inc will post 2.52 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 20th. Shareholders of record on Wednesday, May 30th were paid a $0.40 dividend. The ex-dividend date was Tuesday, May 29th. This represents a $1.60 annualized dividend and a yield of 2.96%. Westar Energy’s payout ratio is 70.48%.

WR has been the subject of a number of recent research reports. Zacks Investment Research upgraded Westar Energy from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, May 29th. ValuEngine upgraded Westar Energy from a “hold” rating to a “buy” rating in a research note on Friday, April 27th. JPMorgan Chase & Co. boosted their price objective on Westar Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, May 23rd. Finally, TheStreet upgraded Westar Energy from a “c+” rating to a “b-” rating in a research note on Monday, March 19th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Westar Energy presently has a consensus rating of “Buy” and a consensus target price of $56.33.

In other Westar Energy news, SVP Greg A. Greenwood sold 3,822 shares of the company’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $54.36, for a total value of $207,763.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Anthony D. Somma sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $53.47, for a total value of $213,880.00. The disclosure for this sale can be found here. Insiders sold a total of 21,822 shares of company stock valued at $1,171,484 over the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

About Westar Energy

Westar Energy, Inc, an electric utility company, generates, transmits, and distributes electricity in Kansas. It has 6,602 megawatts of electric generation capacity, which generates electricity through coal, nuclear fuels, natural gas/diesel, and renewable sources. The company also owns approximately 6,400 miles of transmission lines, 24,200 miles of overhead distribution lines, and 5,100 miles of underground distribution lines.

Institutional Ownership by Quarter for Westar Energy (NYSE:WR)

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