Nationwide Fund Advisors raised its position in Questar Corp. (NYSE:STR) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 297,188 shares of the company’s stock after buying an additional 7,811 shares during the period. Nationwide Fund Advisors owned 0.17% of Questar Corp. worth $7,540,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of STR. Magnetar Financial LLC acquired a new stake in shares of Questar Corp. during the first quarter worth $104,438,000. Norges Bank acquired a new stake in shares of Questar Corp. during the fourth quarter worth $34,334,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Questar Corp. during the first quarter worth $26,982,000. Chicago Capital Management LLC acquired a new stake in shares of Questar Corp. during the second quarter worth $9,235,000. Finally, Barclays PLC increased its stake in shares of Questar Corp. by 506.9% in the first quarter. Barclays PLC now owns 385,901 shares of the company’s stock worth $9,261,000 after buying an additional 322,313 shares during the last quarter. Hedge funds and other institutional investors own 78.94% of the company’s stock.
Shares of 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 52 week low of $18.02 and a 52 week high of $25.38. The company has a market cap of $4.40 billion, a PE ratio of 22.60 and a beta of 0.51.
Questar Corp. (NYSE:STR) last posted its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 was down 12.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 earnings per share. Equities research analysts anticipate that Questar Corp. will post $1.30 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.51%. Questar Corp.’s payout ratio is currently 79.28%.
STR has been the subject of a number of recent analyst reports. Jefferies Group reiterated a “hold” rating and set a $25.00 price target on shares of Questar Corp. in a report on Monday, September 19th. Zacks Investment Research upgraded Questar Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, May 28th.
In other Questar Corp. news, CFO Kevin W. Hadlock sold 4,175 shares of Questar Corp. stock in a transaction 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 directly owns 44,658 shares of the company’s stock, valued at approximately $1,117,789.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.42% of the stock is currently owned by company insiders.
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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