6,702 Shares in Westar Energy Inc (WR) Purchased by Jane Street Group LLC

Jane Street Group LLC bought a new stake in Westar Energy Inc (NYSE:WR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,702 shares of the utilities provider’s stock, valued at approximately $332,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Westar Energy by 19.3% during the 2nd quarter. BlackRock Inc. now owns 16,587,206 shares of the utilities provider’s stock valued at $879,454,000 after purchasing an additional 2,679,597 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Westar Energy by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 12,610,777 shares of the utilities provider’s stock valued at $668,624,000 after purchasing an additional 186,563 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Westar Energy by 365.2% during the 2nd quarter. American Century Companies Inc. now owns 4,057,368 shares of the utilities provider’s stock valued at $215,122,000 after purchasing an additional 3,185,194 shares in the last quarter. CNH Partners LLC boosted its position in shares of Westar Energy by 8.2% during the 2nd quarter. CNH Partners LLC now owns 3,428,377 shares of the utilities provider’s stock valued at $181,773,000 after purchasing an additional 260,631 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Westar Energy by 0.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,314,200 shares of the utilities provider’s stock valued at $122,699,000 after purchasing an additional 18,900 shares in the last quarter. Hedge funds and other institutional investors own 73.63% of the company’s stock.

Shares of Westar Energy Inc (NYSE:WR) opened at $53.47 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.65 and a current ratio of 1.07. Westar Energy Inc has a 52 week low of $49.20 and a 52 week high of $57.32. The company has a market cap of $7,722.82, a PE ratio of 22.55, a price-to-earnings-growth ratio of 6.54 and a beta of 0.42.

Westar Energy (NYSE:WR) last posted its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.09). Westar Energy had a net margin of 13.32% and a return on equity of 8.94%. The firm had revenue of $794.33 million for the quarter, compared to analysts’ expectations of $773.96 million. During the same period in the prior year, the company posted $1.09 earnings per share. Westar Energy’s quarterly revenue was up 3.9% compared to the same quarter last year. equities research 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 will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Thursday, December 7th. Westar Energy’s dividend payout ratio is presently 66.39%.

In other Westar Energy news, CEO Mark A. Ruelle sold 37,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $54.35, for a total transaction of $2,010,950.00. The transaction 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 company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $54.53, for a total transaction of $163,590.00. The disclosure for this sale can be found here. Insiders have sold 55,100 shares of company stock valued at $2,991,312 over the last ninety days. Insiders own 0.70% of the company’s stock.

WR has been the subject of several research reports. J P Morgan Chase & Co set a $58.00 price objective on shares of Westar Energy and gave the company a “buy” rating in a research report on Thursday, October 12th. Bank of America initiated coverage on shares of Westar Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $57.00 price objective for the company. Zacks Investment Research upgraded shares of Westar Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, December 13th. Finally, Wells Fargo & Company upgraded shares of Westar Energy from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a research report on Monday, October 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Westar Energy presently has a consensus rating of “Buy” and a consensus target price of $55.75.

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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.

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

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