Gabelli Weighs in on Westar Energy, Inc.'s FY2021 Earnings (WR)

Westar Energy, Inc. and Great Plains Energy Inc. announced this week that the boards of directors of both companies unanimously approved a revised agreement or a merger of equals. Carroll Financial Associate has invested 0% in MPLX LP (NYSE:MPLX). 15,000 shares valued at $579,093 were sold by NICKERSON RANDY S on Wednesday, February 15. This change led market cap to move at $7.24B, putting the price -11.65% below the 52-week high and 1.18% above the 52-week low. The Firm is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products. WR's current price-earnings ratio amounts to 21.15 times earnings, above the average P/E ratio of 9.38 times earnings. The Company's divisions are Logistics and Storage (L&S), and Gathering and Processing (G&P). For now, WR is the toast of Wall Street as its ABR stands at 3.00 with 0 out of 7 analysts rating the stock a buy. As per Friday, November 6, the company rating was upgraded by JP Morgan.

Since March 16, 2017, it had 0 insider purchases, and 1 sale for $101,030 activity. The firm earned "Equalweight" rating on Thursday, June 2 by Barclays Capital. Therefore 33% are positive. 1,850 shares were sold by Banning Jerl L. Westar Energy had 15 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has "Overweight" rating given on Tuesday, July 11 by JP Morgan. "(WR) Stock Rating Lowered by Zacks Investment Research" was posted by BNB Daily and is the property of of BNB Daily. The company was downgraded on Wednesday, June 1 by Mizuho. Gabelli & Co had a markedly different take on 01/06/2016, proposing that WR is now considered Hold versus prior Buy rating. The company was initiated on Monday, March 14 by Mizuho. Finally, J P Morgan Chase & Co raised shares of Westar Energy from a "neutral" rating to an "overweight" rating and raised their target price for the company from $32.00 to $53.00 in a research report on Tuesday.

Investors sentiment increased to 1.09 in Q4 2016. "Combining Great Plains Energy and Westar Energy into one stronger, more diversified regulated utility has compelling strategic, operational and financial benefits". The firm has "Buy" rating by J.P. Morgan given on Tuesday, July 11. Gateway Investment Advisers LLC grew its holdings by buying 79,970 shares an increase of 1,922.8%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Its up 0.15, from 0.94 in 2016Q3.

These funds have also shifted positions in (WR). Deutsche Savings Bank Ag has 0.07% invested in Westar Energy Inc (NYSE:WR). Farallon Management Ltd Co invested 0.16% in Westar Energy Inc (NYSE:WR). Agf Invests reported 0% in Westar Energy Inc (NYSE:WR).

A number of research analysts have commented on WR shares. Vertex One Asset Mngmt has 93,669 shares. Comparatively, Westar Energy has a beta of 0.42, suggesting that its share price is 58% less volatile than the S&P 500. Tci Wealth Advisors holds 5,060 shares. Bartlett And Lc has 466 shares for 0% of their portfolio. Westar Energy Inc (NYSE:WR) has declined 0.52% since July 12, 2016 and is downtrending. Hussman Strategic Advisors, a Maryland-based fund reported 100,000 shares. Envestnet Asset Mgmt has 0% invested in Westar Energy Inc (NYSE:WR).

01/25/2016 - Westar Energy, Inc. had its " rating reiterated by analysts at UBS. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westar Energy, Inc. with's FREE daily email newsletter.

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