UBS Asset Management Americas Inc. raised its position in shares of Questar Corp. (NYSE:STR) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,796 shares of the company’s stock after buying an additional 586 shares during the period. UBS Asset Management Americas Inc. owned 0.10% of Questar Corp. worth $4,231,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of STR. Nationwide Fund Advisors raised its position in shares of Questar Corp. by 2.7% in the second quarter. Nationwide Fund Advisors now owns 297,188 shares of the company’s stock worth $7,540,000 after buying an additional 7,811 shares during the period. Ameriprise Financial Inc. raised its position in Questar Corp. by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 435,641 shares of the company’s stock valued at $11,053,000 after buying an additional 12,491 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Questar Corp. during the second quarter valued at about $210,000. I.G. Investment Management LTD. raised its position in Questar Corp. by 28.3% in the second quarter. I.G. Investment Management LTD. now owns 236,000 shares of the company’s stock valued at $5,987,000 after buying an additional 52,000 shares during the last quarter. Finally, Aviva PLC raised its position in Questar Corp. by 18.3% in the second quarter. Aviva PLC now owns 107,174 shares of the company’s stock valued at $2,720,000 after buying an additional 16,565 shares during the last quarter. Institutional investors and hedge funds 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 company has a 50 day moving average of $25.10 and a 200-day moving average of $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 EPS for the quarter, missing the Thomson Reuters’ 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 period in the previous year, the firm posted $0.23 EPS. The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. On average, analysts expect that Questar Corp. will post $1.30 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 19th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Wednesday, August 17th. Questar Corp.’s payout ratio is 79.28%.
Several research analysts have issued reports on the stock. Jefferies Group restated 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 shares of Questar Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th.
In other news, CFO Kevin W. Hadlock sold 4,175 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 44,658 shares of the company’s stock, valued at $1,117,789.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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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