Westpac Banking Corp purchased a new position in Westar Energy Inc. (NYSE:WR) during the second quarter, Holdings Channel reports. The institutional investor purchased 6,841 shares of the company’s stock, valued at approximately $384,000.
Several other large investors have also recently modified their holdings of the company. Washington Trust Bank bought a new stake in Westar Energy during the second quarter worth about $110,000. Global X Management Co. LLC bought a new stake in Westar Energy during the second quarter worth about $115,000. Atwood & Palmer Inc. increased its stake in Westar Energy by 3.3% in the second quarter. Atwood & Palmer Inc. now owns 2,050 shares of the company’s stock worth $115,000 after buying an additional 66 shares during the last quarter. Advisory Services Network LLC increased its stake in Westar Energy by 4.0% in the second quarter. Advisory Services Network LLC now owns 2,600 shares of the company’s stock worth $146,000 after buying an additional 100 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in Westar Energy during the second quarter worth about $146,000. Institutional investors and hedge funds own 63.98% of the company’s stock.
Shares of Westar Energy Inc. (NYSE:WR) opened at 56.71 on Friday. The firm’s 50-day moving average is $55.51 and its 200 day moving average is $53.88. Westar Energy Inc. has a 1-year low of $38.51 and a 1-year high of $57.25. The stock has a market capitalization of $8.04 billion, a P/E ratio of 25.65 and a beta of 0.35.
Westar Energy (NYSE:WR) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by $0.02. Westar Energy had a net margin of 12.76% and a return on equity of 8.55%. The firm had revenue of $621.45 million for the quarter, compared to analysts’ expectations of $639.24 million. During the same period in the prior year, the company posted $0.47 earnings per share. Westar Energy’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts expect 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. Shareholders of record on Friday, September 9th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Wednesday, September 7th. Westar Energy’s dividend payout ratio is presently 68.47%.
Westar Energy Company Profile
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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