Arvest Bank Trust Division adds Westar Energy Inc (WR) to its portfolio

Westar Energy Inc (WR) : Arvest Bank Trust Division added new position in Westar Energy Inc during the most recent quarter end. The investment management firm now holds 4,014 shares of Westar Energy Inc which is valued at $225,788 , the company said in a statement filed on Oct 7, 2016 with the SEC.Westar Energy Inc makes up approximately 0.02% of Arvest Bank Trust Division’s portfolio.

Other Hedge Funds, Including , Simplex Trading reduced its stake in WR by selling 17,177 shares or 62.83% in the most recent quarter. The Hedge Fund company now holds 10,162 shares of WR which is valued at $571,613. Westar Energy Inc makes up approx 0.07% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in WR in the latest quarter, The investment management firm added 3,936 additional shares and now holds a total of 80,744 shares of Westar Energy Inc which is valued at $4,574,148. Westar Energy Inc makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.Hefty Wealth Partners boosted its stake in WR in the latest quarter, The investment management firm added 289 additional shares and now holds a total of 602 shares of Westar Energy Inc which is valued at $34,103. Westar Energy Inc makes up approx 0.03% of Hefty Wealth Partners’s portfolio.Eqis Capital Management reduced its stake in WR by selling 157 shares or 3.79% in the most recent quarter. The Hedge Fund company now holds 3,986 shares of WR which is valued at $225,807. Westar Energy Inc makes up approx 0.01% of Eqis Capital Management’s portfolio. Washington Trust Bank sold out all of its stake in WR during the most recent quarter. The investment firm sold 1,957 shares of WR which is valued $110,864.

Westar Energy Inc closed down -0.14 points or -0.25% at $56.25 with 4,78,685 shares getting traded on Friday. Post opening the session at $56.39, the shares hit an intraday low of $56.25 and an intraday high of $56.74 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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