Westar Energy, Inc. (NYSE:WR) was upgraded by investment analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued on Tuesday, July 11th, Marketbeat.com reports. The brokerage presently has a $53.00 price target on the utilities provider’s stock, up from their prior price target of $49.00. Evercore ISI’s target price points to a potential upside of 3.13% from the stock’s current price.

WR has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Westar Energy from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, June 20th. J P Morgan Chase & Co raised Westar Energy from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $32.00 to $53.00 in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $55.33.

Shares of Westar Energy (NYSE WR) traded up 0.18% on Tuesday, reaching $51.39. 580,865 shares of the company’s stock traded hands. The company has a 50 day moving average price of $51.79 and a 200 day moving average price of $53.15. Westar Energy has a 52 week low of $49.21 and a 52 week high of $57.50. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 21.50 and a beta of 0.39.

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Institutional investors have recently modified their holdings of the company. Washington Trust Bank boosted its position 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 valued at $128,000 after buying an additional 2,100 shares in the last quarter. Trust Co. of Vermont increased its stake in Westar Energy by 22.5% in the first quarter. Trust Co. of Vermont now owns 2,450 shares of the utilities provider’s stock valued at $133,000 after buying an additional 450 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in 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 valued at $135,000 after buying an additional 46 shares during the last quarter. Advisory Services Network LLC bought a new stake in Westar Energy during the first quarter valued at approximately $139,000. Finally, Advantage Investment Management LLC bought a new stake in Westar Energy during the first quarter valued at approximately $142,000. 71.31% of the stock is owned by institutional investors.

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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