Westar Energy, Inc. (WR) Shares Sold by SG Americas Securities LLC
SG Americas Securities LLC cut its position in shares of Westar Energy, Inc. (NYSE:WR) by 32.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,231 shares of the utilities provider’s stock after selling 23,065 shares during the period. SG Americas Securities LLC’s holdings in Westar Energy were worth $2,504,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. increased its stake in Westar Energy by 4,412.0% in the first quarter. BlackRock Inc. now owns 13,907,609 shares of the utilities provider’s stock worth $754,767,000 after buying an additional 13,599,373 shares during the last quarter. Renaissance Technologies LLC increased its stake in Westar Energy by 98.4% in the first quarter. Renaissance Technologies LLC now owns 2,295,300 shares of the utilities provider’s stock worth $124,566,000 after buying an additional 1,138,400 shares during the last quarter. American Century Companies Inc. bought a new stake in Westar Energy during the first quarter worth $47,333,000. Vanguard Group Inc. raised its position in shares of Westar Energy by 5.2% in the first quarter. Vanguard Group Inc. now owns 12,424,214 shares of the utilities provider’s stock worth $674,263,000 after buying an additional 618,478 shares during the period. Finally, Citadel Advisors LLC raised its position in shares of Westar Energy by 1,920.6% in the first quarter. Citadel Advisors LLC now owns 625,785 shares of the utilities provider’s stock worth $33,961,000 after buying an additional 594,815 shares during the period. Institutional investors own 73.47% of the company’s stock.
Westar Energy, Inc. (NYSE WR) opened at 51.52 on Thursday. The company has a 50-day moving average of $50.90 and a 200-day moving average of $52.75. Westar Energy, Inc. has a one year low of $49.21 and a one year high of $57.50. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 21.65 and a beta of 0.39.
Westar Energy (NYSE:WR) last announced its earnings results on Tuesday, August 8th. The utilities provider reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.06. The company had revenue of $609.32 million during the quarter, compared to analysts’ expectations of $633.96 million. Westar Energy had a return on equity of 8.87% and a net margin of 13.33%. During the same quarter last year, the firm posted $0.51 EPS. Equities research analysts expect that Westar Energy, Inc. will post $2.50 EPS for the current fiscal year.
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A number of research analysts recently issued reports on WR shares. Zacks Investment Research upgraded shares of Westar Energy from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Wednesday, June 28th. BidaskClub upgraded shares of Westar Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Wolfe Research started coverage on shares of Westar Energy in a report on Wednesday, July 26th. They issued an “outperform” rating for the company. Evercore ISI upgraded shares of Westar Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $49.00 to $53.00 in a report on Tuesday, July 11th. Finally, J P Morgan Chase & Co upgraded shares of Westar Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $32.00 to $53.00 in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $55.33.
In other news, SVP Greg A. Greenwood sold 10,000 shares of Westar Energy stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $51.00, for a total value of $510,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Anthony D. Somma sold 2,500 shares of Westar Energy stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $51.07, for a total value of $127,675.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,500 shares of company stock valued at $1,611,715. Company insiders own 0.61% of the company’s stock.
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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