Bright Rock Capital Management LLC Continues to Hold Position in Westar Energy, Inc. (NYSE:WR)

Bright Rock Capital Management LLC continued to hold its stake in shares of Westar Energy, Inc. (NYSE:WR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,000 shares of the utilities provider’s stock at the end of the second quarter. Bright Rock Capital Management LLC owned about 0.06% of Westar Energy worth $4,189,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Washington Trust Bank raised its stake in shares of Westar Energy by 792.5% in the first quarter. Washington Trust Bank now owns 2,365 shares of the utilities provider’s stock worth $128,000 after buying an additional 2,100 shares during the last quarter. Trust Co. of Vermont raised its stake in shares of Westar Energy by 22.5% in the first quarter. Trust Co. of Vermont now owns 2,450 shares of the utilities provider’s stock worth $133,000 after buying an additional 450 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Westar Energy by 1.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,486 shares of the utilities provider’s stock worth $135,000 after buying an additional 46 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Westar Energy during the first quarter worth about $139,000. Finally, Advantage Investment Management LLC purchased a new stake in shares of Westar Energy during the first quarter worth about $142,000. 71.31% of the stock is currently owned by institutional investors.

Shares of Westar Energy, Inc. (NYSE:WR) opened at 51.10 on Thursday. The stock’s 50 day moving average price is $51.41 and its 200-day moving average price is $53.01. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 21.38 and a beta of 0.39. Westar Energy, Inc. has a 52-week low of $49.21 and a 52-week high of $57.50.

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A number of analysts have issued reports on the company. Zacks Investment Research raised Westar Energy from a “sell” rating to a “hold” rating in a research report on Saturday, April 22nd. Wolfe Research assumed coverage on Westar Energy in a research report on Wednesday, July 26th. They issued an “outperform” rating on the stock. BidaskClub raised Westar Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. J P Morgan Chase & Co raised Westar Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $32.00 to $53.00 in a research report on Tuesday, July 11th. Finally, Evercore ISI raised Westar Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $49.00 to $53.00 in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $55.33.

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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