Questar Corp. (STR) Stake Reduced by GW&K Investment Management LLC
GW&K Investment Management LLC decreased its stake in Questar Corp. (NYSE:STR) by 97.8% during the second quarter, Holdings Channel reports. The fund owned 9,280 shares of the company’s stock after selling 417,845 shares during the period. GW&K Investment Management LLC’s holdings in Questar Corp. were worth $235,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Seven Eight Capital LLC purchased a new stake in shares of Questar Corp. during the first quarter valued at $203,000. Oakbrook Investments LLC increased its stake in shares of Questar Corp. by 12.9% in the second quarter. Oakbrook Investments LLC now owns 9,603 shares of the company’s stock valued at $244,000 after buying an additional 1,100 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Questar Corp. by 73.6% in the second quarter. LS Investment Advisors LLC now owns 10,566 shares of the company’s stock valued at $268,000 after buying an additional 4,479 shares during the last quarter. Alta Capital Management LLC increased its stake in shares of Questar Corp. by 30.8% in the second quarter. Alta Capital Management LLC now owns 11,197 shares of the company’s stock valued at $284,000 after buying an additional 2,638 shares during the last quarter. Finally, Commonwealth Equity Services Inc increased 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. 78.94% of the stock is currently owned by institutional investors.
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 price of $25.10 and a 200 day moving average price 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 earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.02. The business had revenue of $174.10 million for 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 firm’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same period last year, the company posted $0.23 earnings per share. On average, equities analysts forecast that Questar Corp. will post $1.30 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.51%. Questar Corp.’s dividend payout ratio (DPR) is 79.28%.
Several analysts recently commented on STR shares. Jefferies Group reiterated a “hold” rating and issued a $25.00 price objective on shares of Questar Corp. in a research note on Monday, September 19th. Zacks Investment Research cut shares of Questar Corp. from a “hold” rating to a “sell” rating in a research note on Monday, June 6th.
In other Questar Corp. news, CFO Kevin W. Hadlock sold 4,175 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 44,658 shares of the company’s stock, valued at $1,117,789.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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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