Type
|
Investor Owned Utility |
---|---|
Traded as | NYSE: WR S&P 400 Component |
Industry | Electric utility |
Founded | 1909 |
Headquarters | Topeka, Kansas |
Area served
|
Eastern 1/3 of Kansas 690,000 customers |
Key people
|
Mark A Ruelle (CEO) |
Products | Electricity generation, transmission and distribution, |
Number of employees
|
2,400 |
Website | westarenergy.com |
Westar Energy is an investor owned electric utility headquartered in Topeka, Kansas. Westar is the largest electric company in Kansas, serving 690,000 residential, commercial and industrial customers in the eastern third of the state. Westar Energy generates more than 27,000,000 megawatt-hours of electricity per year at its 12 power plants. Westar Energy service territory covers 10,130 square miles (26,200 km) in east and east-central Kansas. Westar Energy owns more than 6,300 miles (10,100 km) of transmission lines and about 28,100 miles of distribution lines.
What is now Westar is the product of a 1992 merger between the two major electric companies in eastern Kansas, Kansas Gas and Electric (KG&E) of Wichita and Kansas Power and Light (KPL) of Topeka.
KG&E was founded in 1909 when the American Power and Light Company took over electric companies in Wichita, Pittsburg and Frontenac. Within a decade, it served over 48,000 people in 50 cities and towns. It also provided natural gas to several of the larger cities in its service territory.
KPL was founded in 1924, and quickly expanded across northeastern Kansas. In 1983, it merged with The Gas Service Company, a natural gas utility serving customers in Kansas, Missouri, Nebraska and Oklahoma.
In 1992, KPL merged with KG&E to become Western Resources, with KPL and KG&E as operating companies. The merger created one of the largest utilities in the Midwest, serving 560,000 electric customers and 1.06 million natural gas customers in three states. In 1996, Western Resources sold its natural gas business to ONEOK as Kansas Gas Service; this company is now part of ONE Gas. In return, Western Resources acquired a 45 percent stake in ONEOK; it sold this stake in 2003.
In 2002, Western Resources officially changed its name to Westar Energy, and all of its subsidiaries began doing business under that name.
In May 2016, Great Plains Energy, parent company of regional utility neighbor Kansas City Power and Light Company, purchased Westar for $12.2 billion including $3.6 billion in debt. Under the terms of the purchase, Westar shareholders will receive $51 in cash and $9 in stock options per share. Great Plains also agreed to retain Westar's current headquarters location in downtown Topeka as a condition of the deal.
In 1999, Westar Energy restated its consolidated financial statements for 1999, 1998 and 1997 and for each of the periods of 2000, related to the Westinghouse Security Systems (WSS)acquisition.
On January 14, 2003, Westar Energy Inc was charged for transactions involved power sales from one Cleco Corporation affiliate to Westar and then back to another or the same Cleco affiliate, and paid $30,000,000 USD for settlement.
On Nov 1, 2002, Westar Energy announced to restate results for its first and second quarter, to account for additional impairment at its Protection One Inc.(POI) unit.
On March 25, 2004, Westar Energy said to restate its 2003 annual financial results, after realizing that it might have understated its cash flow from operations for the year.
2016-06-02 | Boost Price Target | Barclays | Equal Weight | $45.00 to $60.00 |
2016-06-02 | Boost Price Target | Barclays PLC | Equal Weight | $45.00 to $60.00 |
2016-06-01 | Downgrade | Gabelli | Buy to Hold | |
2016-06-01 | Downgrade | Mizuho | Buy to Neutral | $60.00 |
2016-05-24 | Reiterated Rating | Bank of America | Sell | |
2016-05-24 | Reiterated Rating | Bank of America Corp. | Sell | |
2016-05-09 | Reiterated Rating | Argus | Hold | |
2016-04-22 | Boost Price Target | Barclays | Equal Weight | $43.00 to $45.00 |
2016-04-15 | Downgrade | Argus | Buy to Hold | |
2016-03-14 | Initiated Coverage | Mizuho | Buy | $55.00 |
2016-03-11 | Reiterated Rating | JPMorgan Chase & Co. | Hold | $40.00 to $44.00 |
2016-02-26 | Downgrade | Wells Fargo | Outperform to Market Perform | |
2016-02-26 | Downgrade | Wolfe Research | Market Perform to Underperform | |
2016-02-26 | Downgrade | Jefferies Group | Outperform to Market Perform | |
2016-02-26 | Downgrade | Wells Fargo & Co. | Outperform to Market Perform | |
2016-01-06 | Boost Price Target | Argus | Buy | $45.00 to $48.00 |
2016-01-04 | Boost Price Target | Barclays | Equal Weight | $40.00 to $41.00 |
2015-11-06 | Upgrade | JPMorgan Chase & Co. | Underweight to Neutral | $34.00 to $40.00 |
2015-10-13 | Boost Price Target | Argus | Buy | $41.00 to $45.00 |
2015-05-08 | Lower Price Target | JPMorgan Chase & Co. | Underweight | $37.00 to $34.00 |
2015-05-07 | Lower Price Target | Barclays | Equal Weight | $40.00 to $37.00 |
2015-04-23 | Lower Price Target | Argus | Buy | $49.00 to $44.00 |
2015-04-22 | Initiated Coverage | Guggenheim | Buy | |
2015-02-02 | Boost Price Target | Argus | Buy | $45.00 to $49.00 |
2015-01-12 | Downgrade | JPMorgan Chase & Co. | Neutral to Underweight | $39.00 to $40.00 |
2014-11-24 | Boost Price Target | Bank of America | Underperform | $36.00 to $38.00 |
2014-11-07 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $38.00 to $39.00 |
2014-11-07 | Boost Price Target | Wunderlich | Hold | $37.00 to $39.00 |
2014-10-22 | Downgrade | Ladenburg Thalmann | Buy to Neutral | |
2014-10-20 | Downgrade | UBS | Buy to Neutral | $39 to $38 |
2014-07-23 | Reiterated Rating | Citigroup Inc. | Buy | $37.00 to $41.00 |
2014-07-03 | Boost Price Target | Argus | Buy | $41.00 to $43.00 |
2014-05-12 | Upgrade | Ladenburg Thalmann | Neutral to Buy | $36.00 to $39.00 |
2014-05-09 | Boost Price Target | SunTrust | Neutral | $34.00 to $37.00 |
2014-05-09 | Lower Price Target | Evercore ISI | $37.00 to $34.00 | |
2014-05-09 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $36.00 to $37.00 |
2014-04-23 | Downgrade | Edward Jones | Buy to Hold | |
2014-04-09 | Boost Price Target | Argus | Buy | $39.00 to $41.00 |
2014-03-21 | Upgrade | Argus | Hold to Buy | $39.00 |
2014-03-20 | Downgrade | Goldman Sachs | Buy to Neutral | $34.00 |
2014-03-04 | Boost Price Target | Wunderlich | $34.00 to $37.00 | |
2014-03-03 | Boost Price Target | JPMorgan Chase & Co. | $34.00 to $36.00 | |
2014-02-28 | Downgrade | Barclays | Overweight to Equal Weight | $33.00 to $36.00 |
2014-01-14 | Downgrade | Evercore ISI | Buy to Neutral | |
2014-01-06 | Lower Price Target | Barclays | Overweight | $36.00 to $33.00 |
2014-01-03 | Upgrade | Citigroup Inc. | Neutral to Buy | |
2013-12-02 | Upgrade | Goldman Sachs | Neutral to Buy | $33.00 to $34.00 |
2013-11-21 | Upgrade | UBS | Neutral to Buy | $33 to $35 |
2013-11-11 | Upgrade | Gabelli | Hold to Buy | |
2013-10-17 | Initiated Coverage | Wunderlich | Hold | $33.00 |
2013-09-25 | Lower Price Target | Ladenburg Thalmann | $35.50 to $33.00 | |
2013-09-24 | Boost Price Target | Evercore ISI | Buy | $35.50 to $36.00 |
2013-09-24 | Lower Price Target | Barclays | Overweight | $36.00 to $33.00 |
2013-03-05 | Reiterated | UBS | Neutral | $31 to $32 |
2012-07-16 | Downgrade | Argus | Buy to Hold | |
2012-03-26 | Upgrade | Barclays | Equal Weight to Overweight | $29 to $31 |
2012-01-10 | Reiterated | Barclays Capital | Equal Weight | $27 to $29 |
2011-06-03 | Initiated | DA Davidson | Buy | $30 |
2010-11-11 | Reiterated | Oppenheimer | Perform | $26 to $25 |
2010-09-10 | Reiterated | Oppenheimer | Perform | $24 to $26 |
2010-09-10 | Reiterated | |||
2010-03-02 | Upgrade | Wells Fargo | Market Perform to Outperform | $24.50 |
2009-12-09 | Initiated | Oppenheimer | Perform | $22 |
2009-09-24 | Downgrade | JP Morgan | Overweight to Neutral | $26 to $20 |
2009-09-18 | Downgrade | Wells Fargo | Outperform to Market Perform | |
2009-06-03 | Reiterated | Barclays Capital | Equal Weight | $19 to $20 |
2009-03-02 | Reiterated | Barclays Capital | Equal Weight | $20 to $19 |
2009-03-02 | Reiterated | Argus | Buy | $26 to $22 |
2016-06-02 | Boost Price Target | Barclays | Equal Weight | $45.00 to $60.00 |
2016-06-02 | Boost Price Target | Barclays PLC | Equal Weight | $45.00 to $60.00 |
2016-06-01 | Downgrade | Gabelli | Buy to Hold | |
2016-06-01 | Downgrade | Mizuho | Buy to Neutral | $60.00 |
2016-05-24 | Reiterated Rating | Bank of America | Sell |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In WR 33 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Fund Advisors | 6.68M |
BlackRock Institutional Trust Company, N.A. | 4.51M |
JANUS CAPITAL MANAGEMENT LLC | 1.14M |
BlackRock Group LTD | 0.64M |
BlackRock Investment Management, LLC | 0.51M |
RUSSELL FRANK CO/ | 0.42M |
MANAGED ACCOUNT ADVISORS LLC | 0.41M |
CITY NATIONAL BANK | 0.20M |
BlackRock Japan Co. Ltd | 0.20M |
BLACKROCK ADVISORS LLC | 86544 |
HUFF W R ASSET MANAGEMENT CO LLC /DE/ | 33530 |
RHJ International SA | 24181 |
I.G. INVESTMENT MANAGEMENT, LTD. | 19200 |
VTL Associates, LLC | 12312 |
CAPSTONE ASSET MANAGEMENT CO | 12252 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
RUELLE MARK A President & CEO | 0.13% (171055) | HWCC / WR / |
CHANDLER CHARLES Q IV | 0.07% (90439) | WR / |
IRICK LARRY D VP, Gen Counsel and Corp Sec | 0.06% (76664) | WR / |
EDWARDS ROY A | 0.05% (60316) | WR / |
SOMMA ANTHONY D SVP, CFO and Treasurer | 0.04% (55489) | WR / |
GREENWOOD GREG A SVP, Strategy | 0.04% (50122) | WR / |
CARTER MOLLIE H | 0.03% (41063) | ADM / WR / |
LUDWIG JAMES J EVP, Pub. Affairs & Con. Srvs. | 0.03% (37953) | WR / |
Farley Jerry B | 0.03% (36046) | WR / |
Lawrence Sandra AJ | 0.03% (35976) | AMS / WR / |
AKIN BRUCE A SVP, Power Delivery | 0.03% (35887) | WR / |
KONGS KEVIN L. Vice President, Controller | 0.03% (33329) | WR / |
ISAAC B ANTHONY | 0.02% (30397) | WR / |
Banning Jerl L. SVP, Oper. Support & Admin. | 0.02% (29761) | WR / |
MORRISSEY MICHAEL F | 0.02% (25343) | FGP / WDR / WR / |
KRAUSE ARTHUR B | 0.02% (23212) | CEQP / CMLP / WR / |
HAWLEY RICHARD L | 0.01% (17171) | WR / |
STERBENZ DOUGLAS R EVP & Chief Operating Officer | 0.01% (16927) | WR / |
SODERSTROM S CARL JR | 0.01% (15472) | LDL / RAIL / WR / |
BRIDSON JOHN T SVP, Generation and Marketing | 0.01% (9950) | WR / |
WAGES LEROY P VP, Controller | 0.01% (7693) | WR / |