Westar Energy, Inc. (NYSE:WR)
CAPS Rating:
The Company provides electric generation, transmission and distribution services, it also produce, transmit and sell electricity at retail in Kansas and at wholesale in a multi-state region in the central United States.
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The kind of stock I wish we had more of: nice, mid-sized, Kansas-based supplier of energy; profitable, too small to entertain "Imperial ambitions," too large to worry to much about being swallowed by other regional companies -- besides, who's gonna do it? Aquila (ILA)?
Stock seems reasonably priced for its field. Utilities, even relatively traditional (core regulated) ones like WR, are pretty jiggy right now. Institutions these days are looking for a little higher but still reliable return; yet there is something like a trickle (not a rush) back to quality companies. I consider WR a buy-and-hold.