IFP Advisors Inc reduced its holdings in shares of Westar Energy Inc (NYSE:WR) by 55.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,485 shares of the utilities provider’s stock after selling 5,624 shares during the period. IFP Advisors Inc’s holdings in Westar Energy were worth $237,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. grew its position in Westar Energy by 20.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,249,977 shares of the utilities provider’s stock worth $112,184,000 after purchasing an additional 379,131 shares during the last quarter. Ameriprise Financial Inc. grew its position in Westar Energy by 31.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,215,217 shares of the utilities provider’s stock worth $109,878,000 after purchasing an additional 533,878 shares during the last quarter. Bank of New York Mellon Corp grew its position in Westar Energy by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,987,350 shares of the utilities provider’s stock worth $98,572,000 after purchasing an additional 25,378 shares during the last quarter. Janus Henderson Group PLC grew its position in Westar Energy by 8,831.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,169,889 shares of the utilities provider’s stock worth $62,028,000 after purchasing an additional 1,156,790 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Westar Energy by 1.7% during the 3rd quarter. First Trust Advisors LP now owns 918,570 shares of the utilities provider’s stock worth $45,561,000 after purchasing an additional 15,764 shares during the last quarter. 73.81% of the stock is currently owned by institutional investors.

WR has been the topic of several analyst reports. Bank of America initiated coverage on shares of Westar Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $57.00 target price on the stock. Zacks Investment Research raised shares of Westar Energy from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. JPMorgan Chase & Co. set a $58.00 target price on shares of Westar Energy and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, UBS Group initiated coverage on shares of Westar Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $55.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $55.50.

Shares of Westar Energy Inc (WR) opened at $48.66 on Wednesday. The firm has a market cap of $7,097.61, a PE ratio of 20.19, a PEG ratio of 5.85 and a beta of 0.35. The company has a quick ratio of 0.65, a current ratio of 1.07 and a debt-to-equity ratio of 0.97. Westar Energy Inc has a fifty-two week low of $47.06 and a fifty-two week high of $57.32.

In other news, CEO Mark A. Ruelle sold 37,000 shares of Westar Energy stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $54.35, for a total value of $2,010,950.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by insiders.

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

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