Short Interest to Follow: Could Westar Energy Incorporated (NYSE:WR) Change Direction After More Shorts?

November 21, 2016 - By Richard Conner   ·   0 Comments

Short Interest to Follow: Could Westar Energy Incorporated (NYSE:WR) Change Direction After More Shorts?

The stock of Westar Energy Incorporated (NYSE:WR) registered an increase of 14.14% in short interest. WR’s total short interest was 1.89M shares in November as published by FINRA. Its up 14.14% from 1.66M shares, reported previously. With 599,800 shares average volume, it will take short sellers 3 days to cover their WR’s short positions. The short interest to Westar Energy Incorporated’s float is 1.34%. About 650,385 shares traded hands or 4.71% up from the average. Westar Energy Inc (NYSE:WR) has risen 11.33% since April 19, 2016 and is uptrending. It has outperformed by 7.47% the S&P500.

Westar Energy, Inc. is an electric utility in Kansas. The company has a market cap of $8.15 billion. The Firm provides electric generation, transmission and distribution services to approximately 700,000 clients in Kansas. It has a 24.61 P/E ratio. The Firm provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson.

Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.25, from 1.19 in 2016Q1. The ratio dropped, as 53 funds sold all Westar Energy Inc shares owned while 106 reduced positions. 89 funds bought stakes while 101 increased positions. They now own 95.36 million shares or 2.66% less from 97.96 million shares in 2016Q1.
Paloma Mngmt Communication has 47,181 shares for 0.03% of their US portfolio. Northcoast Asset Mgmt Limited Liability Corp has 0.05% invested in the company for 13,809 shares. Whittier Trust Co accumulated 0% or 615 shares. Apg Asset Management Nv owns 189,851 shares or 0.02% of their US portfolio. Nomura Asset, a Japan-based fund reported 16,220 shares. Sei accumulated 0.02% or 61,445 shares. The New York-based Jpmorgan Chase & Company has invested 0.05% in Westar Energy Inc (NYSE:WR). Cetera Advisor Ntwk Llc reported 3,755 shares or 0.01% of all its holdings. Profund Advsr Limited Liability Corporation holds 0.12% or 42,478 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 13,904 shares in the company. Polar Asset Mngmt Prtnrs Inc holds 0.12% of its portfolio in Westar Energy Inc (NYSE:WR) for 52,500 shares. Diam accumulated 15,784 shares or 0.01% of the stock. Trust Com Of Vermont reported 2,000 shares or 0.01% of all its holdings. First Natl Bank Of Omaha last reported 0.07% of its portfolio in the stock. Ing Groep Nv owns 193,000 shares or 0.15% of their US portfolio.

Westar Energy Inc (NYSE:WR) Ratings Coverage

Out of 7 analysts covering Westar Energy (NYSE:WR), 0 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 0 are positive. Westar Energy has been the topic of 12 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Westar Energy Inc (NYSE:WR) earned “Neutral” rating by Mizuho on Wednesday, June 1. The rating was initiated by Mizuho on Monday, March 14 with “Buy”. The stock of Westar Energy Inc (NYSE:WR) earned “Market Perform” rating by Wells Fargo on Friday, February 26. The company was maintained on Monday, January 25 by UBS. JP Morgan maintained it with “Neutral” rating and $44 target price in Friday, March 11 report. The stock of Westar Energy Inc (NYSE:WR) has “Hold” rating given on Friday, April 15 by Argus Research. The stock has “Neutral” rating given by UBS on Thursday, October 8. On Tuesday, October 13 the stock rating was maintained by Argus Research with “Buy”. Zacks upgraded the shares of WR in a report on Tuesday, August 11 to “Sell” rating. The stock of Westar Energy Inc (NYSE:WR) earned “Hold” rating by Gabelli on Wednesday, June 1.

WR Company Profile

Westar Energy, Inc. (Westar Energy), incorporated on March 6, 1924, is an electric utility in Kansas. The Firm provides electric generation, transmission and distribution services to approximately 700,000 clients in Kansas. The Firm provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Kansas Gas and Electric Company (KGE), Westar Energy’s subsidiary, provides the services in south-central and southeastern Kansas, including the city of Wichita. Both Westar Energy and KGE conduct business using the name Westar Energy. The Firm supplies electric energy at retail to clients in Kansas. The Firm also supplies electric energy at wholesale to municipalities and electric cooperatives in Kansas, and has contracts for the sale or purchase of wholesale electricity with other utilities. The Firm classifies it clients as residential, commercial and industrial. It has approximately 6,270 megawatts (MW) of generating capacity in service.

More notable recent Westar Energy Inc (NYSE:WR) news were published by: Wsj.com which released: “Great Plains Energy to Buy Westar Energy for $8.6 Billion” on May 31, 2016, also Bloomberg.com with their article: “Utility Westar Energy Said to Mull Options Including Sale” published on March 10, 2016, Stltoday.com published: “Ameren looks west with the possible acquisition of Westar Energy” on April 08, 2016. More interesting news about Westar Energy Inc (NYSE:WR) were released by: Forbes.com and their article: “Westar Energy Stock Getting Very Oversold” published on August 03, 2016 as well as Kansascity.com‘s news article titled: “Missouri regulatory staff claims jurisdiction over KCP&L parent’s bid for …” with publication date: June 06, 2016.

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By Richard Conner


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