Westar Energy Stock Hits New 52-Week High (WR)

NEW YORK ( TheStreet) -- Westar Energy (NYSE: WR) hit a new 52-week high Friday as it is currently trading at $29.78, above its previous 52-week high of $29.76 with 195,141 shares traded as of 9:35 a.m. ET. Average volume has been 915,500 shares over the past 30 days.

Westar Energy has a market cap of $3.73 billion and is part of the utilities sector and utilities industry. Shares are up 0.7% year to date as of the close of trading on Thursday.

Westar Energy, Inc., an electric utility, engages in the generation, transmission, and distribution of electricity in Kansas. It produces electricity through various sources, including coal, wind, nuclear, natural gas, oil, and diesel. The company has a P/E ratio of 15.6, below the average utilities industry P/E ratio of 15.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Westar Energy as a buy. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Westar Energy Ratings Report.

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