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Westar Energy
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.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

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

Major Shareholders

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 /