Visium Asset Management Lp buys $12,768,136 stake in Westar Energy Inc (WR)

Westar Energy Inc (WR) : Visium Asset Management Lp scooped up 86,603 additional shares in Westar Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 238,880 shares of Westar Energy Inc which is valued at $12,768,136.Westar Energy Inc makes up approximately 1.25% of Visium Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Loomis Sayles Co L P sold out all of its stake in WR during the most recent quarter. The investment firm sold 214 shares of WR which is valued $11,438.Sii Investments Incwi reduced its stake in WR by selling 599 shares or 12.36% in the most recent quarter. The Hedge Fund company now holds 4,249 shares of WR which is valued at $229,021. Westar Energy Inc makes up approx 0.02% of Sii Investments Incwi’s portfolio. Mesirow Financial Investment Management – Equity Management sold out all of its stake in WR during the most recent quarter. The investment firm sold 27,192 shares of WR which is valued $1,458,035. Thompson Siegel Walmsley sold out all of its stake in WR during the most recent quarter. The investment firm sold 396,587 shares of WR which is valued $21,407,766.Bright Rock Capital Management boosted its stake in WR in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 79,275 shares of Westar Energy Inc which is valued at $4,457,633. Westar Energy Inc makes up approx 1.41% of Bright Rock Capital Management’s portfolio.

Westar Energy Inc opened for trading at $54.45 and hit $55.29 on the upside on Monday, eventually ending the session at $55.05, with a gain of 1.01% or 0.55 points. The heightened volatility saw the trading volume jump to 5,24,682 shares. Company has a market cap of $7,803 M.

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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