Albion Financial Group UT Has $1,574,000 Stake in Westar Energy, Inc. (WR)

Albion Financial Group UT continued to hold its stake in Westar Energy, Inc. (NYSE:WR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,695 shares of the utilities provider’s stock at the close of the 2nd quarter. Albion Financial Group UT’s holdings in Westar Energy were worth $1,574,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of WR. BlackRock Inc. boosted its position in Westar Energy by 4,412.0% during the first quarter. BlackRock Inc. now owns 13,907,609 shares of the utilities provider’s stock valued at $754,767,000 after acquiring an additional 13,599,373 shares during the last quarter. American Century Companies Inc. boosted its position in Westar Energy by 365.2% during the second quarter. American Century Companies Inc. now owns 4,057,368 shares of the utilities provider’s stock valued at $215,122,000 after acquiring an additional 3,185,194 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Westar Energy by 270.4% during the second quarter. Ameriprise Financial Inc. now owns 1,681,339 shares of the utilities provider’s stock valued at $89,148,000 after acquiring an additional 1,227,431 shares during the last quarter. Janus Henderson Group PLC boosted its position in Westar Energy by 8,831.1% during the second quarter. Janus Henderson Group PLC now owns 1,169,889 shares of the utilities provider’s stock valued at $62,028,000 after acquiring an additional 1,156,790 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Westar Energy by 98.4% during the first quarter. Renaissance Technologies LLC now owns 2,295,300 shares of the utilities provider’s stock valued at $124,566,000 after acquiring an additional 1,138,400 shares during the last quarter. 73.65% of the stock is currently owned by institutional investors and hedge funds.

WR has been the topic of a number of research analyst reports. Evercore ISI raised shares of Westar Energy from an “in-line” rating to an “outperform” rating and upped their price target for the company from $49.00 to $53.00 in a research report on Tuesday, July 11th. Zacks Investment Research cut shares of Westar Energy from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. J P Morgan Chase & Co raised shares of Westar Energy from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $32.00 to $53.00 in a research report on Tuesday, July 11th. BidaskClub cut shares of Westar Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Wolfe Research initiated coverage on shares of Westar Energy in a research report on Wednesday, July 26th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $53.67.

In related news, SVP Greg A. Greenwood sold 10,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $51.00, for a total transaction of $510,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Bruce A. Akin sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $51.50, for a total transaction of $257,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 31,500 shares of company stock worth $1,611,715 in the last ninety days. Insiders own 0.70% of the company’s stock.

Westar Energy, Inc. (NYSE:WR) traded up 0.94% during trading on Wednesday, hitting $51.76. 177,830 shares of the stock were exchanged. Westar Energy, Inc. has a 52 week low of $49.20 and a 52 week high of $57.50. The stock has a market cap of $7.35 billion, a P/E ratio of 21.39 and a beta of 0.39. The stock has a 50 day moving average of $50.71 and a 200-day moving average of $51.92.

Westar Energy (NYSE:WR) last announced its earnings results on Tuesday, August 8th. The utilities provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.06). The company had revenue of $609.32 million for 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 period in the previous year, the firm posted $0.51 EPS. Equities analysts expect that Westar Energy, Inc. will post $2.50 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Thursday, September 7th. Westar Energy’s payout ratio is 67.23%.

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

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