Westar Energy, Inc. (NYSE:WR) SVP Bruce A. Akin sold 5,000 shares of Westar Energy stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $51.50, for a total transaction of $257,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Westar Energy, Inc. (NYSE WR) traded down 1.32% during mid-day trading on Thursday, reaching $50.90. 654,980 shares of the company traded hands. The company’s 50 day moving average price is $51.12 and its 200 day moving average price is $52.87. The firm has a market capitalization of $7.23 billion, a P/E ratio of 21.39 and a beta of 0.39. Westar Energy, Inc. has a 12-month low of $49.21 and a 12-month high of $57.50.

Westar Energy (NYSE:WR) last released its earnings results on Tuesday, August 8th. The utilities provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.06. Westar Energy had a return on equity of 8.87% and a net margin of 13.33%. The business had revenue of $609.32 million during the quarter, compared to analysts’ expectations of $633.96 million. During the same quarter in the previous year, the business earned $0.51 EPS. Equities research analysts predict that Westar Energy, Inc. will post $2.50 EPS for the current year.

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WR has been the topic of several analyst reports. Evercore ISI raised shares of Westar Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $49.00 to $53.00 in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Westar Energy from a “sell” rating to a “hold” rating in a research note on Saturday, April 22nd. BidaskClub downgraded shares of Westar Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. J P Morgan Chase & Co raised shares of Westar Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $32.00 to $53.00 in a research note on Tuesday, July 11th. Finally, Wolfe Research initiated coverage on shares of Westar Energy in a research note on Wednesday, July 26th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $55.33.

Several institutional investors have recently made changes to their positions in the stock. Washington Trust Bank raised 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 raised its position 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 valued at $133,000 after buying an additional 450 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position 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 valued at $135,000 after buying an additional 46 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Westar Energy during the first quarter valued at approximately $139,000. Finally, Advantage Investment Management LLC purchased a new position in shares of Westar Energy during the first quarter valued at approximately $142,000. Hedge funds and other institutional investors own 73.47% of the company’s stock.

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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