Westar Energy Inc (WR) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.51 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.53. The company posted revenue of $621.45 million in the period, compared to analysts expectations of $639.24 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.
Many Wall Street Analysts have commented on Westar Energy Inc. Mizuho Downgraded Westar Energy Inc on Jun 1, 2016 to ” Neutral”, Price Target of the shares are set at $60.Westar Energy Inc was Downgraded by Gabelli & Co to ” Hold” on Jun 1, 2016.
Westar Energy Inc opened for trading at $55.5 and hit $55.65 on the upside on Friday, eventually ending the session at $55.57, with a gain of 0.20% or 0.11 points. The heightened volatility saw the trading volume jump to 8,23,739 shares. Company has a market cap of $7,873 M.
In a different news, on Mar 11, 2016, Greg A Greenwood (SVP, Strategy) sold 5,000 shares at $46.90 per share price. According to the SEC, on Mar 9, 2016, Kevin L. Kongs (Vice President, Controller) sold 1,000 shares at $44.00 per share price. On Nov 30, 2015, Jerl L. Banning (SVP, Oper. Support & Admin.) sold 2,500 shares at $42.45 per share price, according to the Form-4 filing with the securities and exchange commission.
Westar Energy Inc. (Westar Energy) is an electric utility in Kansas. The Company provides electric generation transmission and distribution services to approximately 693000 customers in Kansas. The Company 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 wholly owned 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 Company supplies electric energy at retail to customers in Kansas. The Company also supplies electric energy at wholesale to municipalities and electric cooperatives in Kansas. The Company classifies it customer as residential commercial and industrial. It has around 6645 megawatts (MW) of generating capacity in service. Its installed wind power generation capacity is around 515 MW.