Bartlett & Co. LLC decreased its position in shares of Questar Corp. (NYSE:STR) by 8.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,935 shares of the company’s stock after selling 6,610 shares during the period. Bartlett & Co. LLC’s holdings in Questar Corp. were worth $1,724,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in STR. Retirement Systems of Alabama increased its position in Questar Corp. by 0.3% in the second quarter. Retirement Systems of Alabama now owns 226,254 shares of the company’s stock worth $5,740,000 after buying an additional 588 shares in the last quarter. Bank of Montreal Can acquired a new position in Questar Corp. during the second quarter worth $913,000. New York State Teachers Retirement System increased its position in Questar Corp. by 1.2% in the second quarter. New York State Teachers Retirement System now owns 314,865 shares of the company’s stock worth $7,988,000 after buying an additional 3,800 shares in the last quarter. Oakbrook Investments LLC increased its position in Questar Corp. by 12.9% in the second quarter. Oakbrook Investments LLC now owns 9,603 shares of the company’s stock worth $244,000 after buying an additional 1,100 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position in Questar Corp. by 73.6% in the second quarter. LS Investment Advisors LLC now owns 10,566 shares of the company’s stock worth $268,000 after buying an additional 4,479 shares in the last quarter. Institutional investors and hedge funds own 78.94% of the company’s stock.
Questar Corp. (NYSE:STR) remained flat at $25.06 on Wednesday. The stock’s 50-day moving average price is $25.10 and its 200 day moving average price is $25.05. Questar Corp. has a 52-week low of $18.02 and a 52-week high of $25.38.
Questar Corp. (NYSE:STR) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.02. The firm had revenue of $174.10 million for the quarter, compared to analyst estimates of $219.70 million. Questar Corp. had a net margin of 17.15% and a return on equity of 16.86%. The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. Equities research analysts anticipate that Questar Corp. will post $1.30 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 19th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.51%. The ex-dividend date was Wednesday, August 17th. Questar Corp.’s dividend payout ratio (DPR) is presently 79.28%.
STR has been the topic of a number of research analyst reports. Jefferies Group reiterated a “hold” rating and issued a $25.00 target price on shares of Questar Corp. in a research note on Monday, September 19th. Zacks Investment Research upgraded shares of Questar Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th.
In other news, CFO Kevin W. Hadlock sold 4,175 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $25.03, for a total value of $104,500.25. Following the completion of the transaction, the chief financial officer now owns 44,658 shares in the company, valued at $1,117,789.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is currently owned by insiders.
About Questar Corp.
Questar Corporation (Questar) is an integrated natural gas holding company. The Company, through its subsidiaries is principally engaged in three lines of business, which include Questar Gas Company (Questar Gas), which provides retail natural gas distribution in Utah, Wyoming and Idaho; Wexpro Company (Wexpro), which develops and produces natural gas from cost-of-service reserves for Questar Gas customers, and Questar Pipeline Company, which operates interstate natural gas pipelines and storage facilities in the western the United States and provides other energy services.
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