As Westar Energy Inc (NYSE:WR) Price Declined, Shareholder Water Island Capital Llc Upped Position by $62.93 Million

May 17, 2018 - By Catherine Diaz

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 increased holdings while 44 funds bought holdings. Funds hold 101.58 million shares thus 1.34% more from 2017Q3’s 100.24 million shares. Wealthtrust Axiom Limited Liability Company invested 0.34% of its capital in Westar Energy, Inc. (NYSE:WR). The Kentucky-based Teachers Retirement Sys Of The State Of Kentucky has invested 0.02% in Westar Energy, Inc. (NYSE:WR). Daiwa Group Incorporated invested 0% in Westar Energy, Inc. (NYSE:WR). Pennsylvania-based Hudock Capital Grp Lc has invested 0.03% in Westar Energy, Inc. (NYSE:WR). Gamco Et Al has 0.34% invested in Westar Energy, Inc. (NYSE:WR) for 1.02 million shs. Brandywine Glob Inv Mngmt Limited Liability Co stated it has 122,211 shs or 0.04% of all its holdings. Renaissance Technology Lc stated it has 0.24% of its capital in Westar Energy, Inc. (NYSE:WR). 70,985 are owned by Hsbc Hldgs Public Ltd Limited Liability Company. Jones Lllp owns 0% invested in Westar Energy, Inc. (NYSE:WR) for 17,002 shs. Huntington Savings Bank invested in 300 shs or 0% of the stock. Rhumbline Advisers reported 295,461 shs stake. Paloma Prtnrs Mgmt reported 8,988 shs stake. Highstreet Asset Mngmt reported 2,992 shs or 0.01% of all its holdings. Tarbox Family Office holds 0% in Westar Energy, Inc. (NYSE:WR) or 37 shs. The California-based Research Global Investors has invested 0.01% in Westar Energy, Inc. (NYSE:WR).

WR registered $3.10 million net activity with 0 insider buys and 6 insider sales since March 13, 2018. On Thursday, March 15 GREENWOOD GREG A sold $250,608 worth of Westar Energy, Inc. (NYSE:WR). On Thursday, March 22 RUELLE MARK A sold $1.51M worth of Westar Energy, Inc. (NYSE:WR) or 29,500 shs. SOMMA ANTHONY D had sold 12,000 shs worth $599,147 on Tuesday, March 13. On Thursday, March 29 $210,056 worth of stock was sold by Banning Jerl L.. On Friday, March 16 Shares for $252,800 were sold by IRICK LARRY D.

In Westar Energy Inc (NYSE:WR) was upped the holdings held by Water Island Capital Llc. The increase is 328.95% according to 2018Q1 SEC form. Westar Energy Inc (NYSE:WR) stock Sank 2.07% while Water Island Capital Llc bought 1.21 million shares. In 2018Q1, Water Island Capital Llc held 1.58M shares of Westar Energy Inc (NYSE:WR), priced at $82.99 million, up from 367,900 last quarter. It decreased Time Warner Inc (Put) () position by 766,900 shares to 283,100 shares, and cut its stake.

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. In Thursday, January 25 report JP Morgan maintained the stock with “Overweight” rating. On Tuesday, April 10 the firm earned “Overweight” rating by JP Morgan.

Westar Energy, Inc., an electric utility company, generates, transmits, and distributes electricity in Kansas.The firm is valued at $7.63 billion. The firm has 6,292 megawatts of electric generation capacity that produces electricity through various fuel types, including coal, uranium, natural gas, and diesel.23.64 is the P/E ratio. 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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