Revenue Update on Westar Energy Inc(NYSE:WR)

Westar Energy Inc(NYSE:WR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $606.535M. Analysts estimated a revenue of $648.050M. The revenues were -6.41% below the estimates. Earnings per share were $0.38. The reported EPS was below estimates by -9.52%. Analysts had estimated an EPS of $0.42.

Westar Energy Inc (WR) shares turned negative on Wednesdays trading session with the shares closing down -0.1 points or -0.19% at a volume of 4,58,967. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $53.45. The peak price level was also seen at $53.45 while the days lowest was $53.1. Finally the shares closed at $53.25. The 52-week high of the shares is $57.5 while the 52-week low is $41.89. According to the latest information available, the market cap of the company is $7,550 M.

Several Insider Transactions has been reported to the SEC. On Mar 11, 2016, Greg A Greenwood (SVP, Strategy) sold 5,000 shares at $46.90 per share price.Also, On Mar 9, 2016, Kevin L. Kongs (Vice President, Controller) sold 1,000 shares at $44.00 per share price.On Nov 30, 2015, Jerl L. Banning (SVP, Oper. Support & Admin.) sold 2,500 shares at $42.45 per share price, according to the Form-4 filing with the securities and exchange commission.

Westar Energy Inc. (Westar Energy) is an electric utility in Kansas. The Company provides electric generation transmission and distribution services to approximately 693000 customers in Kansas. The Company provides these services in central and northeastern Kansas including the cities of Topeka Lawrence Manhattan Salina and Hutchinson. Kansas Gas and Electric Company (KGE) Westar Energy’s wholly owned subsidiary provides the services in south-central and southeastern Kansas including the city of Wichita. Both Westar Energy and KGE conduct business using the name Westar Energy. The Company supplies electric energy at retail to customers in Kansas. The Company also supplies electric energy at wholesale to municipalities and electric cooperatives in Kansas. The Company classifies it customer as residential commercial and industrial. It has around 6645 megawatts (MW) of generating capacity in service. Its installed wind power generation capacity is around 515 MW.

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