Westar Energy Inc (WR) Stock Is At 1 Year Low Now

July 17, 2017 - By Linda Rogers

Investors sentiment increased to 1.09 in Q4 2016. Its up 0.15, from 0.94 in 2016Q3. It improved, as 34 investors sold Westar Energy Inc shares while 116 reduced holdings. 53 funds opened positions while 110 raised stakes. 97.03 million shares or 2.29% more from 94.87 million shares in 2016Q3 were reported.
American Group Inc owns 0.06% invested in Westar Energy Inc (NYSE:WR) for 273,637 shares. Louisiana State Employees Retirement Sys invested in 35,100 shares or 0.1% of the stock. Moreover, Ashfield Capital Prns Ltd Llc has 0.04% invested in Westar Energy Inc (NYSE:WR) for 7,012 shares. Public Employees Retirement Association Of Colorado, a Colorado-based fund reported 31,420 shares. 1.61M were accumulated by Deutsche Bank Ag. Bnp Paribas Arbitrage Sa invested in 158,119 shares or 0.04% of the stock. Td Asset Mgmt Inc stated it has 0% of its portfolio in Westar Energy Inc (NYSE:WR). First Advisors L P accumulated 0.08% or 474,168 shares. 36,576 are owned by First Quadrant Limited Partnership Ca. Sii Invests Wi invested in 0.02% or 4,284 shares. M&T Fincl Bank Corporation holds 0.05% or 129,984 shares in its portfolio. Adage Capital Prtn Grp Limited Liability Corp holds 0.39% or 2.54 million shares. 555 were reported by Commonwealth Fincl Bank Of Australia. Baystate Wealth Mngmt Ltd Liability Company invested 0% in Westar Energy Inc (NYSE:WR). Point72 Asia (Hong Kong) Limited holds 0.16% of its portfolio in Westar Energy Inc (NYSE:WR) for 2,905 shares.

Since March 16, 2017, it had 0 insider purchases, and 1 sale for $101,030 activity. Banning Jerl L. sold $101,030 worth of Westar Energy Inc (NYSE:WR) on Thursday, March 16.

The stock of Westar Energy Inc (NYSE:WR) hit a new 52-week low and has $45.63 target or 8.00 % below today’s $49.60 share price. The 5 months bearish chart indicates high risk for the $7.00 billion company. The 1-year low was reported on Jul, 17 by Barchart.com. If the $45.63 price target is reached, the company will be worth $560.00M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

About 663,781 shares traded. Westar Energy Inc (NYSE:WR) has declined 0.52% since July 17, 2016 and is downtrending. It has underperformed by 17.22% the S&P500.

Westar Energy Inc (NYSE:WR) Ratings Coverage

Among 9 analysts covering Westar Energy (NYSE:WR), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Westar Energy had 15 analyst reports since August 11, 2015 according to SRatingsIntel. On Friday, February 26 the stock rating was downgraded by Wells Fargo to “Market Perform”. The rating was upgraded by JP Morgan to “Overweight” on Tuesday, July 11. Argus Research downgraded the stock to “Hold” rating in Friday, April 15 report. The firm has “Neutral” rating given on Friday, March 11 by JP Morgan. On Wednesday, June 1 the stock rating was downgraded by Gabelli to “Hold”. The stock of Westar Energy Inc (NYSE:WR) has “Neutral” rating given on Wednesday, June 1 by Mizuho. The firm has “Buy” rating by Evercore given on Tuesday, July 11. J.P. Morgan upgraded Westar Energy Inc (NYSE:WR) on Tuesday, July 11 to “Buy” rating. UBS maintained Westar Energy Inc (NYSE:WR) rating on Monday, January 25. UBS has “Neutral” rating and $41 target. The rating was upgraded by Zacks to “Sell” on Tuesday, August 11.

More notable recent Westar Energy Inc (NYSE:WR) news were published by: Nasdaq.com which released: “Westar Energy Stock Getting Very Oversold” on July 10, 2017, also Reuters.com with their article: “BRIEF-Westar Energy says Great Plains to pay $190 mln in case of deal termination” published on July 10, 2017, Prnewswire.com published: “How These Utilities Stocks are Performing? — NiSource, Sempra Energy, UGI …” on July 07, 2017. More interesting news about Westar Energy Inc (NYSE:WR) were released by: Zacks.com and their article: “Duke Energy Plans to Build Solar Power Plants in Kentucky” published on July 17, 2017 as well as Reuters.com‘s news article titled: “Great Plains, Westar revise $14 billion merger to ease regulator concerns” with publication date: July 10, 2017.

Westar Energy, Inc. is an electric utility. The company has market cap of $7.00 billion. The Firm provides electric generation, transmission and distribution services. It has a 20.81 P/E ratio. The Firm provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson.

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