Strs Ohio acquired a new position in shares of Westar Energy Inc. (NYSE:WR) during the second quarter, Holdings Channel reports. The fund acquired 22,601 shares of the company’s stock, valued at approximately $1,267,000.
Other large investors have also modified their holdings of the company. IBM Retirement Fund boosted its stake in shares of Westar Energy by 0.3% in the second quarter. IBM Retirement Fund now owns 14,295 shares of the company’s stock worth $802,000 after buying an additional 42 shares during the last quarter. Atwood & Palmer Inc. raised its position in Westar Energy by 3.3% in the second quarter. Atwood & Palmer Inc. now owns 2,050 shares of the company’s stock worth $115,000 after buying an additional 66 shares during the period. Meeder Asset Management Inc. raised its position in Westar Energy by 1.5% in the second quarter. Meeder Asset Management Inc. now owns 9,728 shares of the company’s stock worth $546,000 after buying an additional 140 shares during the period. Mariner Wealth Advisors LLC raised its position in Westar Energy by 1.2% in the first quarter. Mariner Wealth Advisors LLC now owns 11,613 shares of the company’s stock worth $576,000 after buying an additional 142 shares during the period. Finally, Gateway Investment Advisers LLC raised its position in Westar Energy by 4.0% in the second quarter. Gateway Investment Advisers LLC now owns 7,122 shares of the company’s stock worth $399,000 after buying an additional 271 shares during the period. 69.86% of the stock is currently owned by hedge funds and other institutional investors.
Westar Energy Inc. (NYSE:WR) traded up 0.28% on Wednesday, reaching $56.48. 597,460 shares of the company’s stock were exchanged. Westar Energy Inc. has a 1-year low of $38.51 and a 1-year high of $57.25. The firm’s 50 day moving average is $55.71 and its 200 day moving average is $54.11. The stock has a market capitalization of $8.01 billion, a P/E ratio of 25.55 and a beta of 0.35.
Westar Energy (NYSE:WR) last posted its earnings results on Tuesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by $0.02. The company earned $621.45 million during the quarter, compared to the consensus estimate of $639.24 million. Westar Energy had a net margin of 12.76% and a return on equity of 8.55%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. Analysts expect that Westar Energy Inc. will post $2.45 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 9th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Wednesday, September 7th. Westar Energy’s dividend payout ratio is currently 68.47%.
About Westar Energy
Westar Energy, Inc (Westar Energy) is an electric utility in Kansas. The Company provides electric generation, transmission and distribution services to approximately 700,000 customers in Kansas. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson.