Westar Energy (WR) : During the past 4 weeks, traders have been relatively bearish on Westar Energy (WR), hence the stock is down -5.9% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.04% relative to the S&P 500. The 4-week change in the price of the stock is -4.93% and the stock has fallen -0.98% in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.21% and the 50-Day Moving Average is 4.03%. Westar Energy (NYSE:WR): On Fridays trading session , Opening price of the stock was $53.52 with an intraday high of $53.8. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $53.43. However, the stock managed to close at $53.45, a loss of 0.32% for the day. On the previous day, the stock had closed at $53.62. The total traded volume of the day was 560,278 shares.
The company Insiders own 0.61% of Westar Energy shares according to the proxy statements. Institutional Investors own 62.31% of Westar Energy shares. During last six month period, the net percent change held by insiders has seen a change of -7.19%. Also, Equity Analysts at the Barclays maintains the rating on Westar Energy (NYSE:WR). The brokerage firm has issued a Equalweight rating on the shares. The Analysts at the ratings agency raises the price target from $45 per share to $60 per share. The rating by the firm was issued on June 2, 2016.
Westar Energy, Inc. (Westar Energy) is an electric utility in Kansas. The Company provides electric generation, transmission and distribution services to approximately 693,000 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 Energys 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 6,645 megawatts (MW) of generating capacity in service. Its installed wind power generation capacity is around 515 MW.