Westar Energy Inc (NYSE:WR) Price Declined While Water Island Capital Llc Upped Position

May 17, 2018 - By Alex Paulin

Westar Energy, Inc. (NYSE:WR) Corporate LogoDuring 2017 Q4 the big money sentiment decreased to 1.1. That’s change of 0.18, from 2017Q3’s 1.28. 23 investors sold all, 101 reduced holdings as WR ratio fall. 93 grew holdings while 44 funds took holdings. Funds hold 101.58 million shares thus 1.34% more from 2017Q3’s 100.24 million shares. United Capital Advisers Limited Liability holds 0% of its capital in Westar Energy, Inc. (NYSE:WR) for 9,747 shs. Tci Wealth Advisors Inc owns 4,559 shs or 0.11% of their US capital. 24,996 were accumulated by Zurcher Kantonalbank (Zurich Cantonalbank). Jacobs Levy Equity invested 0.04% in Westar Energy, Inc. (NYSE:WR). Qs Invsts Limited Com holds 0% or 7,628 shs. Engineers Gate Manager Lp accumulated 68,151 shs or 0.25% of the stock. Ashfield Cap Ptnrs Limited Liability accumulated 5,512 shs. Lord Abbett And Limited Com invested in 74,200 shs. State Street Corporation invested in 4.66 million shs. Lazard Asset Lc reported 0% stake. Renaissance Techs holds 0.24% or 4.15M shs in its capital. California State Teachers Retirement has invested 0.03% of its capital in Westar Energy, Inc. (NYSE:WR). 496,952 are held by Retail Bank Of America De. Nordea Invest Mngmt Ab has invested 0% in Westar Energy, Inc. (NYSE:WR). Monroe Natl Bank And Trust Mi invested in 1,250 shs.

WR registered $3.10 million net activity with 0 insider purchases and 6 sales since March 13, 2018. Shares for $250,608 were sold by GREENWOOD GREG A. On Thursday, March 29 4,000 shs were sold by Banning Jerl L., worth $210,056. On Thursday, March 15 the insider AKIN BRUCE A sold $278,259. On Tuesday, March 13 $599,147 worth of stock was sold by SOMMA ANTHONY D. 5,000 shs were sold by IRICK LARRY D, worth $252,800 on Friday, March 16.

Based on the latest 2018Q1 report from the SEC, Water Island Capital Llc increased its holdings in Westar Energy Inc (NYSE:WR) by 328.95%. 1.21M shares were bought by Water Island Capital Llc as Westar Energy Inc (NYSE:WR) stock declined 2.07% with the market. Water Island Capital Llc announced $82.99M position in Water Island Capital Llc for 2018Q1. Now it holds 1.58 million shares, compared to 367,900 last quarter. Water Island Capital Llc cut its stake in and reduced Time Warner Inc (NYSE:TWX) position by 923,759 shares for a total of 25,000 shares.

Water Island Capital Llc is a New York-based hedge fund that was founded by John Orrico. It had more than $3.48 billion assets under management in March, 2014. Taken from Water Island Capital latest Adv, the fund reported to have 45 full and part-time employees. Among which 17 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Westar Energy, Inc. (NYSE:WR) Ratings Coverage

Total analysts of 2 have positions in Westar Energy (NYSE:WR) as follows: 1 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 50%. Since January 25, 2018 according to StockzIntelligence Inc Westar Energy has 3 analyst reports. The stock rating was maintained by JP Morgan with “Overweight” on Tuesday, April 10. The company rating was maintained by JP Morgan on Thursday, January 25.

Westar Energy, Inc., an electric utility company, generates, transmits, and distributes electricity in Kansas.The company has $7.63 billion market cap. The firm has 6,292 megawatts of electric generation capacity that produces electricity through various fuel types, including coal, uranium, natural gas, and diesel.The P/E ratio is 23.64. It also owns approximately 6,400 miles of transmission lines, 24,000 miles of overhead distribution lines, and 5,000 miles of underground distribution lines.

Westar Energy, Inc. (NYSE:WR) Institutional Investors Chart

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