The stock of Westar Energy Inc (NYSE:WR) reached all time high today, Nov, 8 and still has $78.87 target or 38.00% above today’s $57.15 share price. This indicates more upside for the $8.16B company. This technical setup was reported by Barchart.com. If the $78.87 PT is reached, the company will be worth $3.10B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 113,729 shares traded hands. Westar Energy Inc (NYSE:WR) has risen 14.85% since April 5, 2016 and is uptrending. It has outperformed by 12.90% the S&P500.
Westar Energy Inc (NYSE:WR) Ratings Coverage
Out of 7 analysts covering Westar Energy (NYSE:WR), 0 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 0 are positive. Westar Energy has been the topic of 12 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by JP Morgan on Friday, November 6. Barclays Capital maintained the stock with “Equalweight” rating in Thursday, June 2 report. As per Friday, April 15, the company rating was downgraded by Argus Research. As per Monday, March 14, the company rating was initiated by Mizuho. UBS maintained it with “Neutral” rating and $39 target price in Thursday, October 8 report. As per Tuesday, October 13, the company rating was maintained by Argus Research. On Friday, March 11 the stock rating was maintained by JP Morgan with “Neutral”. The stock has “Market Perform” rating given by Wells Fargo on Friday, February 26. The rating was downgraded by Mizuho to “Neutral” on Wednesday, June 1. The stock of Westar Energy Inc (NYSE:WR) has “Hold” rating given on Wednesday, June 1 by Gabelli.
According to Zacks Investment Research, “Westar Energy, Inc. is Kansas’ largest electric utility. Westar has 7,200 MW of electric generation capacity fueled by coal, uranium, natural gas, wind and landfill gas. They are a leader in electric transmission in Kansas. Their innovative customer service programs include mobile-enabled customer care, digital meters and paving the way for electric vehicle adoption.”
Insitutional Activity: The institutional sentiment increased to 1.19 in Q2 2016. Its up 0.12, from 1.07 in 2016Q1. The ratio is positive, as 53 funds sold all Westar Energy Inc shares owned while 106 reduced positions. 89 funds bought stakes while 101 increased positions. They now own 95.36 million shares or 2.66% less from 97.96 million shares in 2016Q1.
Geller Family Office Svcs owns 4,500 shares or 0.15% of their US portfolio. The Ohio-based Huntington Commercial Bank has invested 0% in Westar Energy Inc (NYSE:WR). Magnetar Financial Limited Company has 1.95M shares for 2.05% of their US portfolio. Oregon Pub Employees Retirement Fund holds 73,188 shares or 0.09% of its portfolio. Moreover, Livforsakringsbolaget Skandia Omsesidigt has 0.03% invested in Westar Energy Inc (NYSE:WR) for 12,000 shares. Henderson Gru Incorporated Public Ltd Liability Corporation has 13,643 shares for 0.01% of their US portfolio. Miller Howard Invs Inc Ny accumulated 37,836 shares or 0.04% of the stock. Blackrock Fund last reported 5.30 million shares in the company. Natixis has 194,734 shares for 0.2% of their US portfolio. Two Sigma Securities Lc holds 0.6% of its portfolio in Westar Energy Inc (NYSE:WR) for 19,767 shares. First Republic Mgmt, a California-based fund reported 44,968 shares. Cornerstone Advisors Inc holds 0.01% of its portfolio in Westar Energy Inc (NYSE:WR) for 147 shares. Fairview Cap Ltd Llc last reported 0.05% of its portfolio in the stock. Princeton Alpha Management Ltd Partnership has 14,557 shares for 0.15% of their US portfolio. The Tennessee-based Ftb Advisors Inc has invested 0% in Westar Energy Inc (NYSE:WR).
More news for Westar Energy Inc (NYSE:WR) were recently published by: Wsj.com, which released: “Great Plains Energy to Buy Westar Energy for $8.6 Billion” on May 31, 2016. Zacks.com‘s article titled: “Westar Energy (WR) Hits 52-Week High on Merger Approval” and published on October 17, 2016 is yet another important article.
WR Company Profile
Westar Energy, Inc. (Westar Energy), incorporated on March 6, 1924, is an electric utility in Kansas. The Firm provides electric generation, transmission and distribution services to approximately 700,000 clients in Kansas. The Firm provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Kansas Gas and Electric Company (KGE), Westar Energy’s subsidiary, provides the services in south-central and southeastern Kansas, including the city of Wichita. Both Westar Energy and KGE conduct business using the name Westar Energy. The Firm supplies electric energy at retail to clients in Kansas. The Firm also supplies electric energy at wholesale to municipalities and electric cooperatives in Kansas, and has contracts for the sale or purchase of wholesale electricity with other utilities. The Firm classifies it clients as residential, commercial and industrial. It has approximately 6,270 megawatts (MW) of generating capacity in service.
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