Teachers Retirement System of The State of Kentucky reduced its position in shares of Westar Energy, Inc. (NYSE:WR) by 4.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 30,910 shares of the utilities provider’s stock after selling 1,590 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Westar Energy were worth $1,677,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its position in shares of Westar Energy by 4,412.0% in the first quarter. BlackRock Inc. now owns 13,907,609 shares of the utilities provider’s stock valued at $754,767,000 after buying an additional 13,599,373 shares in the last quarter. Renaissance Technologies LLC raised its stake in Westar Energy by 98.4% in the first quarter. Renaissance Technologies LLC now owns 2,295,300 shares of the utilities provider’s stock valued at $124,566,000 after buying an additional 1,138,400 shares during the period. American Century Companies Inc. purchased a new stake in Westar Energy during the first quarter valued at $47,333,000. Vanguard Group Inc. raised 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 valued at $674,263,000 after buying an additional 618,478 shares during the period. Finally, Citadel Advisors LLC raised its stake in Westar Energy by 1,920.6% in the first quarter. Citadel Advisors LLC now owns 625,785 shares of the utilities provider’s stock valued at $33,961,000 after buying an additional 594,815 shares during the period. 74.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of Westar Energy, Inc. (WR) opened at 53.13 on Monday. Westar Energy, Inc. has a 12 month low of $50.35 and a 12 month high of $57.50. The stock’s 50 day moving average is $52.85 and its 200 day moving average is $54.00. The company has a market cap of $7.55 billion, a P/E ratio of 22.23 and a beta of 0.40.
The company also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Friday, June 9th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.60 annualized dividend and a dividend yield of 3.01%. Westar Energy’s payout ratio is 66.95%.
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Separately, Zacks Investment Research upgraded shares of Westar Energy from a “sell” rating to a “hold” rating in a report on Thursday, March 16th.
Westar Energy Company Profile
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.
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