Whittier Trust Co. of Nevada Inc. held its position in shares of Westar Energy Inc. (NYSE:WR) during the second quarter, Holdings Channel reports. The fund owned 2,774 shares of the company’s stock at the end of the second quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Westar Energy were worth $156,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Washington Trust Bank acquired a new position in shares of Westar Energy during the second quarter valued at $110,000. 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 in the last quarter. Advisory Services Network LLC raised its position in Westar Energy by 4.0% in the second quarter. Advisory Services Network LLC now owns 2,600 shares of the company’s stock worth $146,000 after buying an additional 100 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in Westar Energy during the second quarter worth approximately $179,000. Finally, Retirement Planning Group purchased a new position in Westar Energy during the first quarter worth approximately $219,000. 69.86% of the stock is currently owned by hedge funds and other institutional investors.
Westar Energy Inc. (NYSE:WR) traded up 0.841% during trading on Thursday, hitting $56.955. 1,556,223 shares of the stock were exchanged. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 25.760 and a beta of 0.35. The firm’s 50 day moving average price is $55.77 and its 200-day moving average price is $54.13. Westar Energy Inc. has a 1-year low of $38.51 and a 1-year high of $57.25.
Westar Energy (NYSE:WR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.51 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 revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share. On average, analysts anticipate that Westar Energy Inc. will post $2.45 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 9th were given a $0.38 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 2.69%. Westar Energy’s dividend payout ratio is presently 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.