Lucus Advisors LLC reduced its stake in shares of Questar Corp. (NYSE:STR) by 34.9% during the second quarter, Holdings Channel reports. The institutional investor owned 13,605 shares of the company’s stock after selling 7,301 shares during the period. Lucus Advisors LLC’s holdings in Questar Corp. were worth $345,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the stock. Retirement Systems of Alabama raised its stake in shares of 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 during the period. Bank of Montreal Can acquired a new stake in shares of Questar Corp. during the second quarter worth approximately $913,000. New York State Teachers Retirement System raised its stake in shares of 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 during the period. Oakbrook Investments LLC raised its stake in shares of 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 during the period. Finally, LS Investment Advisors LLC raised its stake in shares of 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 during the period. Institutional investors own 78.94% of the company’s stock.
Questar Corp. (NYSE:STR) remained flat at $25.06 during mid-day trading on Friday. The stock has a 50 day moving average price of $25.10 and a 200-day moving average price of $25.05. Questar Corp. has a 12 month low of $18.02 and a 12 month high of $25.38.
Questar Corp. (NYSE:STR) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $174.10 million for the quarter, compared to analysts’ expectations of $219.70 million. Questar Corp. had a net margin of 17.15% and a return on equity of 16.86%. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period last year, the company posted $0.23 EPS. Equities research analysts expect that Questar Corp. will post $1.30 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 19th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Wednesday, August 17th. Questar Corp.’s dividend payout ratio (DPR) is presently 79.28%.
A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Questar Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Jefferies Group restated a “hold” rating and set a $25.00 price target on shares of Questar Corp. in a research note on Monday, September 19th.
In other news, CFO Kevin W. Hadlock sold 4,175 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $25.03, for a total transaction of $104,500.25. Following the completion of the sale, the chief financial officer now owns 44,658 shares of the company’s stock, valued at $1,117,789.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.42% of the company’s stock.
Questar Corp. Company Profile
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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