Worth Watching: Westar Energy Inc (NYSE:WR): Stock Sentiment

November 29, 2016 - By kentuckypostne   ·   0 Comments

Worth Watching: Westar Energy Inc (NYSE:WR): Stock Sentiment

Sentiment for Westar Energy Inc (NYSE:WR)

Westar Energy Inc (NYSE:WR) institutional sentiment decreased to 0.94 in Q2 2016. Its down -0.25, from 1.19 in 2016Q1. The ratio turned negative, as 190 funds increased and opened new holdings, while 159 trimmed and sold stakes in Westar Energy Inc. The funds in our partner’s database now have: 95.36 million shares, down from 97.96 million shares in 2016Q1. Also, the number of funds holding Westar Energy Inc in their top 10 holdings increased from 3 to 8 for an increase of 5. Sold All: 53 Reduced: 106 Increased: 101 New Position: 89.

Westar Energy, Inc. is an electric utility in Kansas. The company has a market cap of $8.12 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.

About 417,803 shares traded hands. Westar Energy Inc (NYSE:WR) has risen 13.07% since April 26, 2016 and is uptrending. It has outperformed by 7.81% the S&P500.

Analysts await Westar Energy Inc (NYSE:WR) to report earnings on February, 22. They expect $0.41 EPS, up 46.43% or $0.13 from last year’s $0.28 per share. WR’s profit will be $58.23M for 34.86 P/E if the $0.41 EPS becomes a reality. After $1.08 actual EPS reported by Westar Energy Inc for the previous quarter, Wall Street now forecasts -62.04% negative EPS growth.

According to Zacks Investment Research, “Westar Energy, Inc. is Kansas’ largest electric utility. Westar has 7,200 MW of electric generation capacity fueled by coal, uranium, natural gas, wind and landfill gas. They are a leader in electric transmission in Kansas. Their innovative customer service programs include mobile-enabled customer care, digital meters and paving the way for electric vehicle adoption.”

Puplava Financial Services Inc. holds 3.01% of its portfolio in Westar Energy Inc for 95,495 shares. Highvista Strategies Llc owns 273,286 shares or 2.93% of their US portfolio. Moreover, Vertex One Asset Management Inc. has 2.4% invested in the company for 265,000 shares. The Florida-based Huff W R Asset Management Co Llc De has invested 2.32% in the stock. Gideon Capital Advisors Inc., a New York-based fund reported 68,443 shares.#img1#

Westar Energy Inc (NYSE:WR) Ratings Coverage

Ratings analysis reveals 0 of Westar Energy’s analysts are positive. Out of 7 Wall Street analysts rating Westar Energy, 0 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $39 while the high is $60. The stock’s average target of $49 is -14.29% below today’s ($57.17) share price. WR was included in 12 notes of analysts from August 11, 2015. Argus Research downgraded Westar Energy Inc (NYSE:WR) on Friday, April 15 to “Hold” rating. The firm earned “Market Perform” rating on Friday, February 26 by Wells Fargo. The company was maintained on Thursday, October 8 by UBS. The stock of Westar Energy Inc (NYSE:WR) earned “Sell” rating by Zacks on Tuesday, August 11. The stock of Westar Energy Inc (NYSE:WR) earned “Hold” rating by Gabelli on Wednesday, June 1. Mizuho initiated it with “Buy” rating and $55 target price in Monday, March 14 report. The stock of Westar Energy Inc (NYSE:WR) has “Equalweight” rating given on Thursday, June 2 by Barclays Capital. The stock has “Buy” rating given by Argus Research on Tuesday, October 13. The stock has “Neutral” rating given by UBS on Monday, January 25. JP Morgan maintained it with “Neutral” rating and $44 target price in Friday, March 11 report.

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 important 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 published article titled: “Utility Westar Energy Said to Mull Options Including Sale”, Forbes.com published: “Westar Energy Stock Getting Very Oversold” on August 03, 2016. More interesting news about Westar Energy Inc (NYSE:WR) was released by: Stltoday.com and their article: “Ameren looks west with the possible acquisition of Westar Energy” with publication date: April 08, 2016.

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