Jefferies Group Reiterates “Hold” Rating for Questar Corp. (STR)
Separately, Zacks Investment Research raised Questar Corp. from a sell rating to a hold rating in a research note on Wednesday, June 22nd.
Questar Corp. (NYSE:STR) opened at 25.06 on Monday. Questar Corp. has a 12 month low of $18.02 and a 12 month high of $25.38. The stock’s 50 day moving average price is $25.10 and its 200-day moving average price is $25.05. The firm has a market capitalization of $4.40 billion, a P/E ratio of 22.60 and a beta of 0.51.
Questar Corp. (NYSE:STR) last posted 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 company had revenue of $174.10 million for the quarter, compared to analyst estimates of $219.70 million. Questar Corp. had a net margin of 17.15% and a return on equity of 16.86%. The firm’s revenue was down 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 EPS. On average, analysts forecast that Questar Corp. will post $1.30 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Wednesday, August 17th. Questar Corp.’s payout ratio is 79.28%.
In other Questar Corp. news, CFO Kevin W. Hadlock sold 4,175 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $25.03, for a total value of $104,500.25. Following the sale, 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 SEC, which can be accessed through this link. 0.42% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Utah Retirement Systems raised its stake in shares of Questar Corp. by 1.6% in the second quarter. Utah Retirement Systems now owns 31,947 shares of the company’s stock worth $811,000 after buying an additional 500 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Questar Corp. by 3.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 158,630 shares of the company’s stock worth $3,934,000 after buying an additional 4,623 shares during the last quarter. Barclays PLC raised 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. I.G. Investment Management LTD. raised its stake in shares of Questar Corp. by 28.3% in the second quarter. I.G. Investment Management LTD. now owns 236,000 shares of the company’s stock worth $5,987,000 after buying an additional 52,000 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Questar Corp. during the first quarter worth about $104,438,000. 78.94% of the stock is currently owned by hedge funds and other institutional investors.
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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