Eton Park Capital Management adds Westar Energy Inc (WR) to its portfolio

Westar Energy Inc (WR) : Eton Park Capital Management added new position in Westar Energy Inc during the most recent quarter end. The investment management firm now holds 2,057,012 shares of Westar Energy Inc which is valued at $116,858,852 , the company said in a statement filed on Nov 14, 2016 with the SEC.Westar Energy Inc makes up approximately 4.03% of Eton Park Capital Management’s portfolio.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in WR in the latest quarter, The investment management firm added 1,904 additional shares and now holds a total of 6,752 shares of Westar Energy Inc which is valued at $383,581.Reaves W H Co Inc reduced its stake in WR by selling 1,225 shares or 1.72% in the most recent quarter. The Hedge Fund company now holds 69,890 shares of WR which is valued at $3,965,559. Westar Energy Inc makes up approx 0.15% of Reaves W H Co Inc’s portfolio. Financial Management Professionals sold out all of its stake in WR during the most recent quarter. The investment firm sold 65 shares of WR which is valued $3,716.California Public Employees Retirement System reduced its stake in WR by selling 15,100 shares or 4.11% in the most recent quarter. The Hedge Fund company now holds 352,500 shares of WR which is valued at $20,148,900. Westar Energy Inc makes up approx 0.03% of California Public Employees Retirement System’s portfolio.

Westar Energy Inc opened for trading at $56.7 and hit $57.14 on the upside on Monday, eventually ending the session at $57.01, with a gain of 0.53% or 0.3 points. The heightened volatility saw the trading volume jump to 2,90,466 shares. Company has a market cap of $8,083 M.

On the company’s financial health, Westar Energy Inc reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $1.06. The company had revenue of $765.60 million for the quarter, compared to analysts expectations of $782.03 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 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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