Driehaus Capital Management adds Westar Energy Inc (WR) to its portfolio

Westar Energy Inc (WR) : Driehaus Capital Management added new position in Westar Energy Inc during the most recent quarter end. The investment management firm now holds 760,861 shares of Westar Energy Inc which is valued at $40,668,020 , the company said in a statement filed on Aug 15, 2016 with the SEC.Westar Energy Inc makes up approximately 1.39% of Driehaus Capital Management’s portfolio.

Other Hedge Funds, Including , Caisse De Depot Et Placement Du Quebec added WR to its portfolio by purchasing 270,000 company shares during the most recent quarter which is valued at $14,431,500. Westar Energy Inc makes up approx 0.04% of Caisse De Depot Et Placement Du Quebec’s portfolio. Nomura Asset Management Co Ltd added WR to its portfolio by purchasing 16,220 company shares during the most recent quarter which is valued at $866,959. Westar Energy Inc makes up approx 0.02% of Nomura Asset Management Co Ltd’s portfolio.Ubs Asset Management Americas Inc boosted its stake in WR in the latest quarter, The investment management firm added 223,866 additional shares and now holds a total of 334,510 shares of Westar Energy Inc which is valued at $17,936,426. Westar Energy Inc makes up approx 0.02% of Ubs Asset Management Americas Inc’s portfolio.Utah Retirement Systems boosted its stake in WR in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 25,791 shares of Westar Energy Inc which is valued at $1,404,578. Westar Energy Inc makes up approx 0.04% of Utah Retirement Systems’s portfolio.

Westar Energy Inc closed down -0.15 points or -0.27% at $54.79 with 3,26,749 shares getting traded on Thursday. Post opening the session at $55.07, the shares hit an intraday low of $54.6 and an intraday high of $55.25 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Westar Energy Inc reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.53. The company had revenue of $621.45 million for the quarter, 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. (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.

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