Analyst Price Target Update on Westar Energy (NYSE:WR)

Westar Energy (NYSE:WR): 6 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $50.83 in Westar Energy (NYSE:WR). However, the stock price could fluctuate by $ 10.13 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $60 price target with the lower price estimate is calculated at $40

Many analysts have stated their opinion on the company shares. 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. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, Greenwood Greg A, officer (SVP, Strategy) of Westar Energy Inc /Ks, unloaded 5,000 shares at an average price of $46.9 on March 10, 2016. The total amount of the transaction was worth $234,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Westar Energy (NYSE:WR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.3 points or 0.53% at $56.07 with 1,218,192 shares getting traded. Post opening the session at $56.3, the shares hit an intraday low of $55.995 and an intraday high of $56.55 and the price was in this range throughout the day. The company has a market cap of $7,944 million and the number of outstanding shares have been calculated to be 141,681,280 shares. The 52-week high of Westar Energy (NYSE:WR) is $57.245 and the 52-week low is $33.88.

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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