Large Inflow of Money Witnessed in Westar Energy

Westar Energy (NYSE:WR) : Investors lapped up stocks on upticks to the tune of $6.62 million in the Wednesdays trading session. The trading value on downticks was comparatively at $6.39 million and the uptick to downtick ratio of 1.04 indicates continuous buying by the bulls. The net money flow into the stock was $0.23 million. Upticks saw transactions worth $0.01 clearly indicating buying by large investors. The total money flow for block trades stood at $0.01 million, which is a positive for the stock in the long-term. Westar Energy (NYSE:WR) fell $0.19 during the day at $55.46, a drop of -0.34% over the previous days close. However, for the week, the stock is -0.47%, compared to the previous week.


In an insider trading activity,The officer (SVP, Strategy) of Westar Energy Inc /Ks, Greenwood Greg A sold 5,000 shares at $46.9 on March 10, 2016. The Insider selling transaction had a total value worth of $234,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.61% of Westar Energy shares according to the proxy statements. Institutional Investors own 70.28% of Westar Energy shares. During last six month period, the net percent change held by insiders has seen a change of -7.19%.

The company shares have rallied 60.37% from its 1 Year high price. On May 31, 2016, the shares registered one year high at $57.25 and the one year low was seen on Jul 1, 2015. The 50-Day Moving Average price is $54.50 and the 200 Day Moving Average price is recorded at $48.12. Westar Energy (NYSE:WR): The stock opened at $55.78 on Wednesday but the bulls could not build on the opening and the stock topped out at $55.91 for the day. The stock traded down to $55.37 during the day, due to lack of any buying support eventually closed down at $55.44 with a loss of -0.38% for the day. The stock had closed at $55.65 on the previous day. The total traded volume was 1,098,249 shares.

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.

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