How Analysts Feel About Westar Energy Inc (NYSE:WR) After Increase in Sellers?

July 16, 2018 - By Megan Stone

Westar Energy, Inc. (NYSE:WR) Logo

Investors sentiment decreased to 0.98 in Q1 2018. Its down 0.12, from 1.1 in 2017Q4. It worsened, as 21 investors sold Westar Energy, Inc. shares while 102 reduced holdings. 29 funds opened positions while 92 raised stakes. 102.76 million shares or 1.16% more from 101.58 million shares in 2017Q4 were reported.
7,879 are owned by Ww Asset. Royal Commercial Bank Of Canada owns 370,442 shares for 0.01% of their portfolio. Regions has 1,919 shares for 0% of their portfolio. Optimum Advsrs reported 0% stake. State Of Alaska Department Of Revenue stated it has 0.06% of its portfolio in Westar Energy, Inc. (NYSE:WR). Citadel Advsrs Limited Liability Co reported 1.00 million shares stake. Oppenheimer reported 0.05% in Westar Energy, Inc. (NYSE:WR). First Financial In has 0.08% invested in Westar Energy, Inc. (NYSE:WR) for 2,000 shares. Acadian Asset Ltd invested in 0% or 805 shares. Dimensional Fund Advisors L P, a Texas-based fund reported 484,619 shares. Schwab Charles Investment Management Incorporated reported 536,137 shares. Jones Financial Lllp accumulated 17,756 shares. Sg Americas Securities Lc has 0.01% invested in Westar Energy, Inc. (NYSE:WR) for 31,915 shares. Miller Howard Invs invested 0.04% of its portfolio in Westar Energy, Inc. (NYSE:WR). Macquarie Limited invested in 30,400 shares.

Since March 13, 2018, it had 0 insider purchases, and 10 selling transactions for $4.06 million activity. Another trade for 4,000 shares valued at $213,861 was sold by SOMMA ANTHONY D. On Friday, March 16 the insider IRICK LARRY D sold $252,800. The insider AKIN BRUCE A sold 5,507 shares worth $278,259. On Thursday, March 29 the insider Banning Jerl L. sold $210,056. RUELLE MARK A had sold 29,500 shares worth $1.51 million.

The stock of Westar Energy Inc (NYSE:WR) registered an increase of 27.6% in short interest. WR’s total short interest was 1.99M shares in July as published by FINRA. Its up 27.6% from 1.56M shares, reported previously. With 502,900 shares average volume, it will take short sellers 4 days to cover their WR’s short positions. The short interest to Westar Energy Inc’s float is 1.41%.

The stock decreased 1.96% or $1.08 during the last trading session, reaching $54. About 51.17 million shares traded or 2330.14% up from the average. Westar Energy, Inc. (NYSE:WR) has risen 6.20% since July 16, 2017 and is uptrending. It has underperformed by 6.37% the S&P500.

Westar Energy, Inc., an electric utility company, generates, transmits, and distributes electricity in Kansas. The company has market cap of $7.68 billion. The firm has 6,292 megawatts of electric generation capacity that produces electricity through various fuel types, including coal, uranium, natural gas, and diesel. It has a 23.79 P/E ratio. It also owns approximately 6,400 miles of transmission lines, 24,000 miles of overhead distribution lines, and 5,000 miles of underground distribution lines.

Westar Energy, Inc. (NYSE:WR) Ratings Coverage

Among 2 analysts covering Westar Energy (NYSE:WR), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Westar Energy had 4 analyst reports since January 25, 2018 according to SRatingsIntel. The firm earned “Overweight” rating on Wednesday, May 23 by JP Morgan. JP Morgan maintained the shares of WR in report on Tuesday, April 10 with “Overweight” rating. On Thursday, January 25 the stock rating was maintained by JP Morgan with “Overweight”.

Westar Energy, Inc. (NYSE:WR) Institutional Positions Chart

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