Assenagon Asset Management S.A. Has $9.18 Million Stake in Westar Energy, Inc. (NYSE:WR)

Assenagon Asset Management S.A. boosted its stake in shares of Westar Energy, Inc. (NYSE:WR) by 104.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,202 shares of the utilities provider’s stock after buying an additional 88,323 shares during the period. Westar Energy makes up approximately 0.2% of Assenagon Asset Management S.A.’s holdings, making the stock its 16th largest position. Assenagon Asset Management S.A. owned 0.12% of Westar Energy worth $9,183,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. increased its stake in Westar Energy by 4,412.0% in the first quarter. BlackRock Inc. now owns 13,907,609 shares of the utilities provider’s stock worth $754,767,000 after buying an additional 13,599,373 shares during the period. Vanguard Group Inc. increased its stake in Westar Energy by 5.2% in the first quarter. Vanguard Group Inc. now owns 12,424,214 shares of the utilities provider’s stock worth $674,263,000 after buying an additional 618,478 shares during the period. State Street Corp increased its stake in Westar Energy by 1.7% in the first quarter. State Street Corp now owns 4,690,842 shares of the utilities provider’s stock worth $254,580,000 after buying an additional 79,734 shares during the period. Renaissance Technologies LLC raised its position in shares of Westar Energy by 98.4% in the first quarter. Renaissance Technologies LLC now owns 2,295,300 shares of the utilities provider’s stock worth $124,566,000 after buying an additional 1,138,400 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Westar Energy by 3.7% in the first quarter. Bank of New York Mellon Corp now owns 1,938,172 shares of the utilities provider’s stock worth $105,184,000 after buying an additional 69,839 shares in the last quarter. Institutional investors own 71.31% of the company’s stock.

Shares of Westar Energy, Inc. (WR) traded down 0.20% during midday trading on Friday, reaching $50.99. The company had a trading volume of 470,586 shares. The company’s 50 day moving average price is $51.29 and its 200-day moving average price is $52.96. The company has a market capitalization of $7.25 billion, a P/E ratio of 21.42 and a beta of 0.39. Westar Energy, Inc. has a 52 week low of $49.21 and a 52 week high of $57.50.

Westar Energy (NYSE:WR) last released its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.06. The business had revenue of $609.32 million during the quarter, compared to analysts’ expectations of $633.96 million. Westar Energy had a net margin of 13.33% and a return on equity of 8.87%. During the same quarter in the previous year, the company posted $0.51 EPS. On average, equities research analysts predict that Westar Energy, Inc. will post $2.51 earnings per share for the current fiscal year.

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Several brokerages have issued reports on WR. Zacks Investment Research upgraded shares of Westar Energy from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Tuesday, June 20th. BidaskClub raised shares of Westar Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Evercore ISI raised shares of Westar Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $49.00 to $53.00 in a research report on Tuesday, July 11th. J P Morgan Chase & Co upgraded shares of Westar Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $32.00 to $53.00 in a report on Tuesday, July 11th. Finally, Wolfe Research started coverage on Westar Energy in a research report on Wednesday, July 26th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Westar Energy currently has an average rating of “Hold” and an average target price of $55.33.

About Westar Energy

Westar Energy, Inc is an electric utility. The Company provides electric generation, transmission and distribution services. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Its subsidiary, Kansas Gas and Electric Company (KGE), provides these services in south-central and southeastern Kansas, including the city of Wichita.

Institutional Ownership by Quarter for Westar Energy (NYSE:WR)

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