Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Westar Energy (WR) Stock Price

Media stories about Westar Energy (NYSE:WR) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Westar Energy earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 46.2197601787255 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded 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 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 report 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 report on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $55.75.

Shares of Westar Energy (NYSE WR) traded down $0.30 on Wednesday, hitting $55.35. The company had a trading volume of 519,439 shares, compared to its average volume of 763,403. The company has a market cap of $8,063.85, a PE ratio of 23.55, a P/E/G ratio of 6.83 and a beta of 0.42. Westar Energy has a 12 month low of $49.20 and a 12 month high of $57.50. The company has a current ratio of 1.07, a quick ratio of 0.65 and a debt-to-equity ratio of 0.97.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, December 7th. Westar Energy’s payout ratio is currently 66.39%.

In other news, CEO Mark A. Ruelle sold 37,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $54.35, for a total transaction of $2,010,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Anthony D. Somma sold 3,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $54.53, for a total value of $163,590.00. The disclosure for this sale can be found here. Insiders sold a total of 55,100 shares of company stock valued at $2,991,312 over the last three months. 0.70% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for Westar Energy (NYSE:WR)

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