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

May 17, 2018 - By Sharla Beadle

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 worsened. 93 grew positions while 44 funds acquired positions. Funds hold 101.58 million shares thus 1.34% more from 2017Q3’s 100.24 million shares. Moreover, Ashfield Ptnrs Llc has 0.04% invested in Westar Energy, Inc. (NYSE:WR). The New Jersey-based Bessemer Group has invested 0% in Westar Energy, Inc. (NYSE:WR). Moreover, Barclays Public has 0% invested in Westar Energy, Inc. (NYSE:WR). Old Mutual Customised Solutions (Proprietary) owns 0.01% invested in Westar Energy, Inc. (NYSE:WR) for 1,100 shs. Sg Americas Securities Lc stated it has 0.02% of its capital in Westar Energy, Inc. (NYSE:WR). Mason Street Advisors Ltd Liability Corp, Wisconsin-based fund reported 69,981 shs. Global X Management Company Ltd has 6,481 shs. Moreover, Menta Cap Ltd Com has 0.08% invested in Westar Energy, Inc. (NYSE:WR) for 8,279 shs. Bank Of Montreal Can holds 0% or 9,455 shs. Retirement Planning Gru reported 0.07% of its capital in Westar Energy, Inc. (NYSE:WR). Moreover, Park National Corporation Oh has 0.01% invested in Westar Energy, Inc. (NYSE:WR) for 3,990 shs. Atwood & Palmer Inc has invested 0.01% of its capital in Westar Energy, Inc. (NYSE:WR). Hsbc Public Ltd has 70,985 shs for 0.01% of their capital. Parametric Portfolio Limited Liability accumulated 175,903 shs or 0.01% of the stock. Moreover, Massachusetts Financial Svcs Ma has 0% invested in Westar Energy, Inc. (NYSE:WR).

WR registered $3.10 million net activity with 0 insider purchases and 6 selling transactions since March 13, 2018. On Thursday, March 15 GREENWOOD GREG A also sold $250,608 worth of Westar Energy, Inc. (NYSE:WR). On Tuesday, March 13 $599,147 worth of Westar Energy, Inc. (NYSE:WR) was sold by SOMMA ANTHONY D. On Thursday, March 29 Banning Jerl L. also sold $210,056 worth of Westar Energy, Inc. (NYSE:WR). The insider RUELLE MARK A sold 29,500 shs worth $1.51 million. The insider IRICK LARRY D sold 5,000 shs worth $252,800.

According to 2018Q1 SEC report Water Island Capital Llc upped its stake 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’s position was valued at $82.99 million for 1.58 million shares. It’s up from 367,900 last quarter. Water Island Capital Llc cut its stake in and reduced Time Warner Inc (Put) () position by 766,900 shares for a total of 283,100 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

In total 2 analysts cover Westar Energy (NYSE:WR). “Buy” rating has 1, “Sell” are 0, while 1 are “Hold”. 50% are bullish. 3 are the (NYSE:WR)’s analyst reports since January 25, 2018 according to StockzIntelligence Inc. On Tuesday, April 10 the stock of Westar Energy, Inc. (NYSE:WR) has “Overweight” rating given by JP Morgan. On Thursday, January 25 the stock has “Overweight” rating by JP Morgan.

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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