Nordea Investment Management AB Has $166,000 Stake in Westar Energy, Inc. (WR)

Nordea Investment Management AB maintained its stake in Westar Energy, Inc. (NYSE:WR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,126 shares of the utilities provider’s stock at the end of the second quarter. Nordea Investment Management AB’s holdings in Westar Energy were worth $166,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WR. Retirement Planning Group lifted its holdings in shares of Westar Energy by 0.6% during the 2nd quarter. Retirement Planning Group now owns 4,540 shares of the utilities provider’s stock valued at $241,000 after acquiring an additional 26 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Westar Energy by 1.1% during the 2nd quarter. Private Advisor Group LLC now owns 7,236 shares of the utilities provider’s stock valued at $367,000 after acquiring an additional 79 shares in the last quarter. Laurel Wealth Advisors Inc. lifted its holdings in shares of Westar Energy by 1.9% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 5,275 shares of the utilities provider’s stock valued at $286,000 after acquiring an additional 100 shares in the last quarter. Utah Retirement Systems lifted its holdings in shares of Westar Energy by 0.4% during the 2nd quarter. Utah Retirement Systems now owns 25,891 shares of the utilities provider’s stock valued at $1,373,000 after acquiring an additional 100 shares in the last quarter. Finally, World Asset Management Inc lifted its holdings in shares of Westar Energy by 1.3% during the 2nd quarter. World Asset Management Inc now owns 9,619 shares of the utilities provider’s stock valued at $510,000 after acquiring an additional 124 shares in the last quarter. Institutional investors own 73.65% of the company’s stock.

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Several equities analysts recently weighed in on WR shares. Zacks Investment Research lowered shares of Westar Energy from a “buy” rating to a “hold” rating in a report on Friday, July 7th. J P Morgan Chase & Co raised shares of Westar Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $32.00 to $53.00 in a research note on Tuesday, July 11th. Evercore ISI raised shares of Westar Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $49.00 to $53.00 in a research note on Tuesday, July 11th. BidaskClub downgraded shares of Westar Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Wolfe Research began coverage on shares of Westar Energy in a research note on Wednesday, July 26th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $55.33.

Westar Energy (NYSE:WR) last posted its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.06). The firm had revenue of $609.32 million for the quarter, compared to the consensus estimate of $633.96 million. Westar Energy had a return on equity of 8.87% and a net margin of 13.33%. During the same period in the prior year, the company posted $0.51 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Thursday, September 7th. Westar Energy’s dividend payout ratio is currently 67.23%.

In related news, CFO Anthony D. Somma sold 4,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $51.21, for a total transaction of $204,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Greg A. Greenwood sold 10,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $51.00, for a total transaction of $510,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,500 shares of company stock valued at $1,611,715. 0.70% of the stock is owned by insiders.

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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