How Analysts Feel About Westar Energy Inc (NYSE:WR)?

October 13, 2017 - By Henry Gaston

 How Analysts Feel About Westar Energy Inc (NYSE:WR)?
Investors sentiment decreased to 0.67 in 2017 Q2. Its down 0.54, from 1.21 in 2017Q1. It worsened, as 49 investors sold Westar Energy Inc shares while 117 reduced holdings. 29 funds opened positions while 83 raised stakes. 99.73 million shares or 3.51% more from 96.34 million shares in 2017Q1 were reported.
Catawba Capital Va accumulated 6,793 shares. Comerica Bank invested 0.04% in Westar Energy Inc (NYSE:WR). Hanson Mcclain Inc has invested 0.01% in Westar Energy Inc (NYSE:WR). Price T Rowe Md owns 0.04% invested in Westar Energy Inc (NYSE:WR) for 4.45M shares. Ubs Asset Mgmt Americas accumulated 534,619 shares or 0% of the stock. Sector Pension Board holds 0.12% or 265,750 shares in its portfolio. Ameritas Invest Prns stated it has 42,507 shares or 0.11% of all its holdings. Ashfield Capital Partners Ltd Limited Liability Company invested in 6,812 shares. Gateway Investment Advisers Limited Liability holds 0.04% of its portfolio in Westar Energy Inc (NYSE:WR) for 84,129 shares. 88,979 are owned by Prudential Financial. Capital Fund Mngmt Sa holds 0.01% or 21,165 shares. 5,889 are owned by Johnson Invest Counsel Inc. Havens Advsr Lc stated it has 17,000 shares or 0.64% of all its holdings. Century holds 0.22% in Westar Energy Inc (NYSE:WR) or 4.06 million shares. Cadence Mgmt, a Massachusetts-based fund reported 5,129 shares.

Westar Energy Inc (NYSE:WR) Ratings Coverage

Among 9 analysts covering Westar Energy (NYSE:WR), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Westar Energy had 17 analyst reports since August 11, 2015 according to SRatingsIntel. J.P. Morgan upgraded the shares of WR in report on Tuesday, July 11 to “Buy” rating. On Wednesday, June 1 the stock rating was downgraded by Mizuho to “Neutral”. The rating was downgraded by Argus Research on Friday, April 15 to “Hold”. On Friday, November 6 the stock rating was upgraded by JP Morgan to “Neutral”. JP Morgan maintained Westar Energy Inc (NYSE:WR) on Thursday, October 12 with “Overweight” rating. The stock of Westar Energy Inc (NYSE:WR) has “Overweight” rating given on Tuesday, July 11 by JP Morgan. UBS maintained the stock with “Neutral” rating in Monday, January 25 report. Argus Research maintained it with “Buy” rating and $45 target in Tuesday, October 13 report. As per Friday, February 26, the company rating was downgraded by Wells Fargo. The rating was maintained by Barclays Capital on Thursday, June 2 with “Equalweight”. Below is a list of Westar Energy Inc (NYSE:WR) latest ratings and price target changes.

12/10/2017 Broker: JP Morgan Rating: Overweight Old Target: $53 New Target: $58 Maintain
02/10/2017 Broker: Wells Fargo Rating: Buy Upgrade
11/07/2017 Broker: Evercore Rating: Buy New Target: $53.0000 Upgrade
11/07/2017 Broker: J.P. Morgan Rating: Buy New Target: $53.0000 Upgrade
11/07/2017 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Upgrade

The stock decreased 0.42% or $0.22 on October 13, reaching $52.06. About 346,632 shares traded. Westar Energy Inc (NYSE:WR) has declined 0.52% since October 13, 2016 and is downtrending. It has underperformed by 17.22% the S&P500.

Westar Energy, Inc. is an electric utility. The company has market cap of $7.40 billion. The Firm provides electric generation, transmission and distribution services. It has a 21.86 P/E ratio. The Firm provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson.

More notable recent Westar Energy Inc (NYSE:WR) news were published by: Globenewswire.com which released: “Westar Energy schedules conference call to discuss 3rd quarter results” on October 11, 2017, also Globenewswire.com with their article: “Westar Energy to webcast 2017 annual shareholder meeting” published on October 04, 2017, Benzinga.com published: “Wells Fargo Lays Out The Bull Case For Great Plains And Westar Energy” on October 02, 2017. More interesting news about Westar Energy Inc (NYSE:WR) were released by: Kansascity.com and their article: “Westar shareholder sues to block merger with KCP&L parent company” published on October 09, 2017 as well as Prnewswire.com‘s news article titled: “Pre-Market Technical Pulse on Utilities Stocks — UGI Corp., Westar Energy …” with publication date: September 28, 2017.

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