Macquarie Group Ltd. Buys 6,000 Shares of Westar Energy Inc (WR)

Macquarie Group Ltd. increased its stake in shares of Westar Energy Inc (NYSE:WR) by 16.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 41,951 shares of the utilities provider’s stock after purchasing an additional 6,000 shares during the period. Macquarie Group Ltd.’s holdings in Westar Energy were worth $2,080,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its stake in Westar Energy by 0.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 221,473 shares of the utilities provider’s stock worth $11,742,000 after acquiring an additional 721 shares during the last quarter. First Trust Advisors LP increased its stake in Westar Energy by 69.2% in the 2nd quarter. First Trust Advisors LP now owns 902,806 shares of the utilities provider’s stock worth $47,867,000 after acquiring an additional 369,234 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Westar Energy by 270.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,681,339 shares of the utilities provider’s stock worth $89,148,000 after acquiring an additional 1,227,431 shares during the last quarter. Seven Eight Capital LP increased its stake in Westar Energy by 6.6% in the 2nd quarter. Seven Eight Capital LP now owns 45,300 shares of the utilities provider’s stock worth $2,402,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Stevens Capital Management LP bought a new position in Westar Energy in the 3rd quarter worth about $1,601,000. 73.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of Westar Energy Inc (NYSE:WR) traded down $0.15 during trading on Wednesday, hitting $56.39. The stock had a trading volume of 672,900 shares, compared to its average volume of 766,983. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.07 and a quick ratio of 0.65. The company has a market cap of $8,034.01, a price-to-earnings ratio of 23.46, a PEG ratio of 6.81 and a beta of 0.42. Westar Energy Inc has a 12-month low of $49.20 and a 12-month high of $57.50.

Westar Energy (NYSE:WR) last announced its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $1.11 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.09). The firm had revenue of $794.33 million for the quarter, compared to the consensus estimate of $773.96 million. Westar Energy had a net margin of 13.32% and a return on equity of 8.94%. Westar Energy’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 earnings per share. analysts expect that Westar Energy Inc will post 2.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.60 annualized dividend and a dividend yield of 2.84%. Westar Energy’s dividend payout ratio (DPR) is presently 66.39%.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Westar Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 28th. Bank of America assumed coverage on Westar Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $57.00 target price on the stock. J P Morgan Chase & Co set a $58.00 target price on Westar Energy and gave the stock a “buy” rating in a research note on Thursday, October 12th. Finally, Wells Fargo & Company upgraded Westar Energy from a “market perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $55.75.

In other news, CFO Anthony D. Somma sold 3,000 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $54.53, for a total transaction of $163,590.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark A. Ruelle sold 37,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $54.35, for a total value of $2,010,950.00. The disclosure for this sale can be found here. Insiders have sold a total of 55,100 shares of company stock worth $2,991,312 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

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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.

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

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