1ST Source Bank acquired a new position in shares of Westar Energy Inc. (NYSE:WR) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 4,191 shares of the company’s stock, valued at approximately $235,000.
A number of other hedge funds have also recently added to or reduced their stakes in WR. Renaissance Technologies LLC boosted its stake in shares of Westar Energy by 5.1% in the first quarter. Renaissance Technologies LLC now owns 928,800 shares of the company’s stock worth $46,078,000 after buying an additional 45,100 shares in the last quarter. ING Groep NV bought a new stake in shares of Westar Energy during the second quarter worth $10,833,000. Wellington Management Group LLP boosted its stake in shares of Westar Energy by 45.3% in the first quarter. Wellington Management Group LLP now owns 1,338,545 shares of the company’s stock worth $66,405,000 after buying an additional 417,518 shares in the last quarter. State Street Corp boosted its stake in shares of Westar Energy by 0.6% in the first quarter. State Street Corp now owns 3,702,478 shares of the company’s stock worth $183,680,000 after buying an additional 21,456 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Westar Energy by 3.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 128,344 shares of the company’s stock worth $6,367,000 after buying an additional 3,873 shares in the last quarter. 69.86% of the stock is owned by hedge funds and other institutional investors.
Shares of Westar Energy Inc. (NYSE:WR) traded up 0.218% during mid-day trading on Tuesday, hitting $57.425. The company’s stock had a trading volume of 168,341 shares. The company has a 50-day moving average price of $56.00 and a 200-day moving average price of $54.33. Westar Energy Inc. has a 1-year low of $38.51 and a 1-year high of $57.45. The stock has a market cap of $8.14 billion, a PE ratio of 25.972 and a beta of 0.35.
Westar Energy (NYSE:WR) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.02. The company earned $621.45 million during the quarter, compared to analyst estimates of $639.24 million. Westar Energy had a net margin of 12.76% and a return on equity of 8.55%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. Analysts predict that Westar Energy Inc. will post $2.45 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 9th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Wednesday, September 7th. Westar Energy’s dividend payout ratio is currently 68.47%.
About Westar Energy
Westar Energy, Inc (Westar Energy) is an electric utility in Kansas. The Company provides electric generation, transmission and distribution services to approximately 700,000 customers in Kansas. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson.
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