Westar Energy Inc (WR) Shares Bought by Amalgamated Bank

Amalgamated Bank grew its holdings in shares of Westar Energy Inc (NYSE:WR) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,656 shares of the utilities provider’s stock after purchasing an additional 1,612 shares during the quarter. Amalgamated Bank’s holdings in Westar Energy were worth $1,513,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. AMP Capital Investors Ltd increased its position in shares of Westar Energy by 1.2% during the 3rd quarter. AMP Capital Investors Ltd now owns 86,890 shares of the utilities provider’s stock valued at $4,310,000 after purchasing an additional 1,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Westar Energy by 5.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 18,854 shares of the utilities provider’s stock worth $935,000 after acquiring an additional 1,021 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Westar Energy by 70.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,628 shares of the utilities provider’s stock worth $138,000 after acquiring an additional 1,084 shares during the last quarter. Prudential Financial Inc. increased its holdings in Westar Energy by 1.2% in the 3rd quarter. Prudential Financial Inc. now owns 90,083 shares of the utilities provider’s stock worth $4,468,000 after acquiring an additional 1,104 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC increased its holdings in Westar Energy by 20.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 6,866 shares of the utilities provider’s stock worth $341,000 after acquiring an additional 1,177 shares during the last quarter. 74.66% of the stock is owned by hedge funds and other institutional investors.

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Shares of Westar Energy Inc (WR) opened at $49.75 on Friday. Westar Energy Inc has a twelve month low of $47.06 and a twelve month high of $57.32. The firm has a market capitalization of $7,016.35, a PE ratio of 21.92, a P/E/G ratio of 5.81 and a beta of 0.41. The company has a quick ratio of 0.53, a current ratio of 0.88 and a debt-to-equity ratio of 0.98.

Westar Energy (NYSE:WR) last issued its earnings results on Wednesday, February 21st. The utilities provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.16). Westar Energy had a return on equity of 8.40% and a net margin of 12.60%. The company had revenue of $595.00 million during the quarter, compared to the consensus estimate of $642.02 million. During the same quarter in the prior year, the business earned $0.38 EPS. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. analysts forecast that Westar Energy Inc will post 2.5 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be paid a $0.40 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.60 annualized dividend and a yield of 3.22%.

Several brokerages recently weighed in on WR. Zacks Investment Research lowered Westar Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. UBS Group began coverage on Westar Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $55.00 price objective for the company. TheStreet lowered Westar Energy from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on Westar Energy from $62.00 to $56.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $55.50.

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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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