Duff Phelps Investment Management Co buys $151,993,085 stake in Westar Energy Inc (WR)

Westar Energy Inc (WR) : Duff Phelps Investment Management Co scooped up 88,200 additional shares in Westar Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 2,656,293 shares of Westar Energy Inc which is valued at $151,993,085.Westar Energy Inc makes up approximately 2.20% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , First Premier Bank reduced its stake in WR by selling 1,491 shares or 3.62% in the most recent quarter. The Hedge Fund company now holds 39,673 shares of WR which is valued at $2,258,981. Westar Energy Inc makes up approx 1.73% of First Premier Bank’s portfolio.Nisa Investment Advisors boosted its stake in WR in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 45,200 shares of Westar Energy Inc which is valued at $2,545,664. Westar Energy Inc makes up approx 0.03% of Nisa Investment Advisors’s portfolio.British Columbia Investment Management Corp reduced its stake in WR by selling 8,412 shares or 13.0% in the most recent quarter. The Hedge Fund company now holds 56,276 shares of WR which is valued at $3,169,464. Westar Energy Inc makes up approx 0.03% of British Columbia Investment Management Corp’s portfolio.

Westar Energy Inc opened for trading at $56.87 and hit $57.25 on the upside on Friday, eventually ending the session at $57.22, with a gain of 0.49% or 0.28 points. The heightened volatility saw the trading volume jump to 8,18,320 shares. Company has a market cap of $8,110 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.

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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