Massachusetts Financial Services Co. MA Has $14.36 Million Position in Westar Energy (WR)


Massachusetts Financial Services Co. MA raised its holdings in shares of Westar Energy (NYSE:WR) by 39.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,032 shares of the utilities provider’s stock after acquiring an additional 77,592 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Westar Energy were worth $14,359,000 as of its most recent SEC filing.


A number of other institutional investors have also made changes to their positions in WR. Dimensional Fund Advisors LP raised its stake in Westar Energy by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 481,547 shares of the utilities provider’s stock valued at $23,886,000 after acquiring an additional 1,838 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in Westar Energy by 27.2% during the 4th quarter. Gateway Investment Advisers LLC now owns 142,371 shares of the utilities provider’s stock valued at $7,517,000 after acquiring an additional 30,478 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Westar Energy by 5.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 498,558 shares of the utilities provider’s stock valued at $26,324,000 after acquiring an additional 27,491 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Westar Energy by 7.7% during the 4th quarter. State of Alaska Department of Revenue now owns 41,870 shares of the utilities provider’s stock valued at $2,209,000 after acquiring an additional 2,980 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Westar Energy by 70.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,628 shares of the utilities provider’s stock valued at $138,000 after acquiring an additional 1,084 shares in the last quarter. 74.70% of the stock is currently owned by hedge funds and other institutional investors.


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Several analysts have weighed in on the company. ValuEngine raised Westar Energy from a “hold” rating to a “buy” rating in a research note on Friday, April 27th. Zacks Investment Research raised Westar Energy from a “sell” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Thursday, April 26th. JPMorgan Chase boosted their price objective on Westar Energy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 10th. TheStreet downgraded Westar Energy from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Finally, UBS assumed coverage on Westar Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $55.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $55.67.


WR opened at $52.83 on Friday. Westar Energy has a one year low of $47.06 and a one year high of $57.32. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.48 and a current ratio of 0.82. The firm has a market capitalization of $7.52 billion, a PE ratio of 23.27, a PEG ratio of 5.70 and a beta of 0.29.

Westar Energy (NYSE:WR) last posted its quarterly earnings data on Wednesday, May 9th. The utilities provider reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.06). Westar Energy had a return on equity of 8.40% and a net margin of 12.50%. The firm had revenue of $600.20 million during the quarter, compared to the consensus estimate of $567.39 million. During the same period in the prior year, the firm posted $0.52 EPS. research analysts forecast that Westar Energy will post 2.52 EPS for the current year.


The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 20th. Stockholders of record on Wednesday, May 30th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Tuesday, May 29th. Westar Energy’s dividend payout ratio is presently 70.48%.

In other news, CFO Anthony D. Somma sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $53.47, for a total transaction of $213,880.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark A. Ruelle sold 29,500 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $51.02, for a total value of $1,505,090.00. The disclosure for this sale can be found here. Insiders sold a total of 70,007 shares of company stock worth $3,599,039 in the last three months. Company insiders own 0.70% of the company’s stock.


About Westar Energy

Westar Energy, Inc, an electric utility company, generates, transmits, and distributes electricity in Kansas. It has 6,602 megawatts of electric generation capacity, which generates electricity through coal, nuclear fuels, natural gas/diesel, and renewable sources. The company also owns approximately 6,400 miles of transmission lines, 24,200 miles of overhead distribution lines, and 5,100 miles of underground distribution lines.

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

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