Whittier Trust Co. of Nevada Inc. cut its position in Questar Corp. (NYSE:STR) by 4.4% during the second quarter, Holdings Channel reports. The institutional investor owned 40,875 shares of the company’s stock after selling 1,869 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Questar Corp. were worth $1,036,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Questar Corp. during the fourth quarter worth about $34,334,000. Commonwealth Equity Services Inc raised its stake in shares of Questar Corp. by 12.5% in the first quarter. Commonwealth Equity Services Inc now owns 15,092 shares of the company’s stock valued at $374,000 after buying an additional 1,676 shares during the last quarter. Aperio Group LLC raised its stake in shares of Questar Corp. by 9.1% in the first quarter. Aperio Group LLC now owns 67,938 shares of the company’s stock valued at $1,685,000 after buying an additional 5,639 shares during the last quarter. Nisa Investment Advisors L.L.C. raised its stake in shares of Questar Corp. by 8.9% in the first quarter. Nisa Investment Advisors L.L.C. now owns 61,000 shares of the company’s stock valued at $1,513,000 after buying an additional 5,000 shares during the last quarter. Finally, Teachers Advisors Inc. raised its stake in shares of Questar Corp. by 2.1% in the first quarter. Teachers Advisors Inc. now owns 467,584 shares of the company’s stock valued at $11,596,000 after buying an additional 9,472 shares during the last quarter. 78.94% of the stock is currently owned by hedge funds and other institutional investors.
Questar Corp. (NYSE:STR) remained flat at $25.06 on Friday. 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 posted 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 company had revenue of $174.10 million for the quarter, compared to the consensus estimate of $219.70 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. Equities research analysts expect that Questar Corp. will post $1.30 EPS for the current fiscal year.
The business 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. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.88 annualized dividend and a dividend yield of 3.51%. Questar Corp.’s payout ratio is 79.28%.
Several equities research 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 issued 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 business’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $25.03, for a total transaction of $104,500.25. Following the transaction, the chief financial officer now owns 44,658 shares in the company, valued at approximately $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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