Geller Family Office Services adds Westar Energy Inc (WR) to its portfolio

Westar Energy Inc (WR) : Geller Family Office Services added new position in Westar Energy Inc during the most recent quarter end. The investment management firm now holds 4,500 shares of Westar Energy Inc which is valued at $234,585 , the company said in a statement filed on May 13, 2016 with the SEC.Westar Energy Inc makes up approximately 0.13% of Geller Family Office Services’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in WR in the latest quarter, The investment management firm added 515 additional shares and now holds a total of 3,856 shares of Westar Energy Inc which is valued at $201,013. Ridgeworth Capital Management sold out all of its stake in WR during the most recent quarter. The investment firm sold 405 shares of WR which is valued $21,113.Reaves W H Co Inc reduced its stake in WR by selling 25,000 shares or 17.86% in the most recent quarter. The Hedge Fund company now holds 114,940 shares of WR which is valued at $6 Million. Westar Energy Inc makes up approx 0.21% of Reaves W H Co Inc’s portfolio.Ls Investment Advisors boosted its stake in WR in the latest quarter, The investment management firm added 285 additional shares and now holds a total of 4,898 shares of Westar Energy Inc which is valued at $255,333. Westar Energy Inc makes up approx 0.02% of Ls Investment Advisors’s portfolio.Russell Frank Co boosted its stake in WR in the latest quarter, The investment management firm added 310,175 additional shares and now holds a total of 423,368 shares of Westar Energy Inc which is valued at $21.9 Million. Westar Energy Inc makes up approx 0.04% of Russell Frank Co’s portfolio.

Westar Energy Inc closed down -0.33 points or -0.63% at $52.47 with 11,39,642 shares getting traded on Wednesday. Post opening the session at $52.79, the shares hit an intraday low of $52.19 and an intraday high of $52.825 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Westar Energy Inc reported $0.46 EPS for the quarter, based on the information available during the earnings call on May 3, 2016. Analyst had a consensus estimate of $0.46. The company had revenue of $569.45 million for the quarter, compared to analysts expectations of $630.86 million. The company’s revenue was down -3.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.

Investors should note that on May 18, 2016, Westar Energy Inc announced a cash dividend of $0.3800. The company’s management has announced Jun 7, 2016 as the ex-dividend date and fixed the record date on Jun 9, 2016. The payable date has been fixed on Jul 1, 2016.

Many Wall Street Analysts have commented on Westar Energy Inc. Company shares were Reiterated by Barclays on Apr 22, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 45 from a previous price target of $43 .Mizuho Initiated Westar Energy Inc on Mar 14, 2016 to “Buy”, Price Target of the shares are set at $55.Westar Energy Inc was Downgraded by Wells Fargo to ” Market Perform” on Feb 26, 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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