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Westar Energy (WR) Update - Sensitivity to Interest Rates

Our “Blue Harbinger 15” utilities stock, Westar Energy (WR), declined sharply this week immediately after the Fed came out with its more hawkish announcement on interest rates, but then gained back a significant portion of the losses by the end of the week.  We continue to believe in Westar going forward because the company sources its electricity from diversified sources including renewables (not just dirty coal like other utilities).  Also, it’s in a state that is more balanced in its views on the tradeoffs between economics and expensive regulations.  Additionally, it adds diversification to our overall Blue Harbinger 15 portfolio.  Lastly, its 3.6% dividend yield is attractive, and suggests the stock has some upside because 3.6% is historically high for the company.  You can read our complete Westar thesis and research report here.

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