Huntington National Bank Has $3,600,000 Stake in Questar Corp. (STR)
Huntington National Bank maintained its position in shares of Questar Corp. (NYSE:STR) during the second quarter, Holdings Channel reports. The institutional investor owned 150,854 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Questar Corp. were worth $3,600,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Pioneer Investment Management Inc. boosted its position in Questar Corp. by 4.4% in the fourth quarter. Pioneer Investment Management Inc. now owns 644,809 shares of the company’s stock worth $12,561,000 after buying an additional 26,915 shares during the period. Norges Bank bought a new position in Questar Corp. during the fourth quarter worth $34,334,000. Commonwealth Equity Services Inc boosted its position in Questar Corp. by 12.5% in the first quarter. Commonwealth Equity Services Inc now owns 15,092 shares of the company’s stock worth $374,000 after buying an additional 1,676 shares during the period. Aperio Group LLC boosted its position in Questar Corp. by 9.1% in the first quarter. Aperio Group LLC now owns 67,938 shares of the company’s stock worth $1,685,000 after buying an additional 5,639 shares during the period. Finally, Nisa Investment Advisors L.L.C. boosted its position in 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 worth $1,513,000 after buying an additional 5,000 shares during the period. Institutional investors own 78.94% of the company’s stock.
Shares of Questar Corp. (NYSE:STR) remained flat at $25.06 during midday trading on Wednesday. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 22.60 and a beta of 0.51. The firm’s 50-day moving average price is $25.10 and its 200 day moving average price is $25.05. Questar Corp. has a 1-year low of $18.02 and a 1-year high of $25.38.
Questar Corp. (NYSE:STR) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.02. The business earned $174.10 million during the quarter, compared to analyst estimates of $219.70 million. Questar Corp. had a return on equity of 16.86% and a net margin of 17.15%. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 EPS. Analysts expect that Questar Corp. will post $1.30 EPS 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 issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Wednesday, August 17th. Questar Corp.’s dividend payout ratio is presently 79.28%.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Questar Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Jefferies Group reaffirmed a “hold” rating and set a $25.00 price target on shares of Questar Corp. in a research note on Monday.
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 owns 44,658 shares of the company’s stock, valued at $1,117,789.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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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