Duff & Phelps Investment Management Co. maintained its position in Westar Energy Inc. (NYSE:WR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,568,093 shares of the company’s stock at the end of the second quarter. Westar Energy comprises 2.2% of Duff & Phelps Investment Management Co.’s holdings, making the stock its 4th largest position. Duff & Phelps Investment Management Co. owned about 1.81% of Westar Energy worth $144,044,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in Westar Energy by 5.1% in the first quarter. Renaissance Technologies LLC now owns 928,800 shares of the company’s stock valued at $46,078,000 after buying an additional 45,100 shares during the last quarter. Kennedy Capital Management Inc. boosted its position in Westar Energy by 19.2% in the first quarter. Kennedy Capital Management Inc. now owns 293,088 shares of the company’s stock valued at $14,540,000 after buying an additional 47,220 shares during the last quarter. HBK Investments L P purchased a new position in Westar Energy during the first quarter valued at $1,697,000. Mariner Wealth Advisors LLC boosted its position in Westar Energy by 1.2% in the first quarter. Mariner Wealth Advisors LLC now owns 11,613 shares of the company’s stock valued at $576,000 after buying an additional 142 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Westar Energy by 45.3% in the first quarter. Wellington Management Group LLP now owns 1,338,545 shares of the company’s stock valued at $66,405,000 after buying an additional 417,518 shares during the last quarter. Institutional investors and hedge funds own 69.86% of the company’s stock.

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

Westar Energy Inc. (NYSE:WR) traded up 0.10% on Tuesday, hitting $57.36. 364,676 shares of the stock traded hands. Westar Energy Inc. has a 52-week low of $38.51 and a 52-week high of $57.48. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 25.94 and a beta of 0.35. The company’s 50 day moving average price is $56.00 and its 200-day moving average price is $54.33.

Westar Energy (NYSE:WR) last issued its earnings results on Tuesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.02. Westar Energy had a return on equity of 8.55% and a net margin of 12.76%. The company earned $621.45 million during the quarter, compared to analysts’ expectations of $639.24 million. During the same quarter in the prior year, the business posted $0.47 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts forecast that Westar Energy Inc. will post $2.45 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 9th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Wednesday, September 7th. Westar Energy’s dividend payout ratio is currently 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.

5 Day Chart for NYSE:WR

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