Large Inflow of Money Detected in Westar Energy

Westar Energy (WR) stock had a bullish inflow of $7.76 million worth of trades on uptick and an outflow of $4.75 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.63. The net money flow into the stock was $3.01 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $3.21 million. $3.21 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Westar Energy (WR) stock traded down $0.12 , and reached $56.22, a drop of -0.21% over the previous day. On a weekly basis, the stock is 0%, over the previous weeks close.


Also, In a research note released to the investors, Barclays maintains its rating on Westar Energy (NYSE:WR).The analysts at the brokerage house have a current rating of Equalweight on the shares. In a recent information released to the investors, Barclays raises the new price target from $45 per share to $60 per share. The rating by the firm was issued on June 2, 2016.

Westar Energy (NYSE:WR): The stock opened at $56.31 on Wednesday but the bulls could not build on the opening and the stock topped out at $56.42 for the day. The stock traded down to $56.19 during the day, due to lack of any buying support eventually closed down at $56.22 with a loss of -0.21% for the day. The stock had closed at $56.34 on the previous day. The total traded volume was 676,343 shares.

The stock has recorded a 20-day Moving Average of 0.27% and the 50-Day Moving Average is 2.63%. In a related news, The officer (SVP, Strategy), of Westar Energy Inc /Ks, Greenwood Greg A had unloaded 5,000 shares at $46.9 per share in a transaction on March 10, 2016. The total value of transaction was $234,500. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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