Tower Research Capital LLC TRC acquired a new position in shares of Questar Corp. (NYSE:STR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,572 shares of the company’s stock, valued at approximately $116,000.
Other hedge funds have also added to or reduced their stakes in the company. Chicago Equity Partners LLC boosted its stake in Questar Corp. by 0.4% in the second quarter. Chicago Equity Partners LLC now owns 33,420 shares of the company’s stock valued at $848,000 after buying an additional 120 shares during the period. Capstone Asset Management Co. boosted its stake in Questar Corp. by 1.4% in the second quarter. Capstone Asset Management Co. now owns 15,167 shares of the company’s stock valued at $385,000 after buying an additional 210 shares during the period. State Treasurer State of Michigan boosted its stake in Questar Corp. by 0.7% in the second quarter. State Treasurer State of Michigan now owns 70,371 shares of the company’s stock valued at $1,785,000 after buying an additional 500 shares during the period. Utah Retirement Systems boosted its stake in Questar Corp. by 1.6% in the second quarter. Utah Retirement Systems now owns 31,947 shares of the company’s stock valued at $811,000 after buying an additional 500 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in Questar Corp. by 0.4% in the second quarter. UBS Asset Management Americas Inc. now owns 166,796 shares of the company’s stock valued at $4,231,000 after buying an additional 586 shares during the period. Institutional investors own 78.94% of the company’s stock.
Questar Corp. (NYSE:STR) opened at 25.06 on Thursday. The company’s 50 day moving average is $25.10 and its 200-day moving average 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 released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.02. Questar Corp. had a return on equity of 16.86% and a net margin of 17.15%. The business had revenue of $174.10 million for the quarter, compared to analysts’ expectations of $219.70 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. Questar Corp.’s quarterly revenue was down 12.6% compared to the same quarter last year. Equities analysts predict that Questar Corp. will post $1.30 earnings per share for the current year.
Several analysts have recently weighed in on STR shares. Jefferies Group reissued a “hold” rating and issued a $25.00 price target on shares of Questar Corp. in a research note on Monday, September 19th. Zacks Investment Research raised shares of Questar Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th.
In other Questar Corp. news, CFO Kevin W. Hadlock sold 4,175 shares of the business’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 transaction of $104,500.25. Following the completion of the sale, the chief financial officer now directly owns 44,658 shares in the company, valued at $1,117,789.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.42% of the company’s stock.
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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