News articles about Westar Energy (NYSE:WR) have been trending positive on Saturday, according to AlphaOne Sentiment Analysis. The research group, a service of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Westar Energy earned a news impact score of 0.26 on AlphaOne’s scale. AlphaOne also assigned news headlines about the utilities provider an impact score of 63 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted AlphaOne Sentiment Analysis’s rankings:
- Westar Energy Inc (WR) Announces $0.40 Quarterly Dividend (americanbankingnews.com)
- Westar Energy declares dividend. (finance.yahoo.com)
- The Russell Investments Group Ltd. Raises Stake in Westar Energy Inc (WR) – BangaloreWeekly (bangaloreweekly.com)
- Company Performance Review on Shares of Westar Energy, Inc. (NYSE:WR) – Business Daily (oxfordbusinessdaily.com)
- The Westar Energy Inc (WR) Position Maintained by Tdam USA Inc. – BangaloreWeekly (bangaloreweekly.com)
Westar Energy (NYSE:WR) traded up 0.41% during trading on Friday, reaching $51.90. The company had a trading volume of 468,704 shares. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 21.72 and a beta of 0.38. Westar Energy has a 1-year low of $50.35 and a 1-year high of $57.50. The firm has a 50-day moving average of $52.88 and a 200-day moving average of $54.77.
Westar Energy (NYSE:WR) last announced its quarterly earnings results on Wednesday, February 22nd. The utilities provider reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The firm had revenue of $606.53 million for the quarter, compared to analysts’ expectations of $578.83 million. Westar Energy had a return on equity of 8.91% and a net margin of 13.27%. Westar Energy’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. On average, analysts anticipate that Westar Energy will post $2.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Friday, June 9th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $1.60 annualized dividend and a dividend yield of 3.08%. Westar Energy’s dividend payout ratio is currently 65.24%.
Separately, Zacks Investment Research upgraded Westar Energy from a “sell” rating to a “hold” rating in a research note on Saturday, April 22nd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Westar Energy has an average rating of “Hold” and a consensus price target of $61.33.
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In related news, SVP Jerl L. Banning sold 1,850 shares of Westar Energy stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $54.61, for a total transaction of $101,028.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.61% of the company’s stock.
About Westar Energy
Westar Energy, Inc is an electric utility. The Company provides electric generation, transmission and distribution services. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Its subsidiary, Kansas Gas and Electric Company (KGE), provides these services in south-central and southeastern Kansas, including the city of Wichita.
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