Vanguard Group Inc. Buys 623,345 Shares of Questar Corp. (STR)
Vanguard Group Inc. increased its stake in Questar Corp. (NYSE:STR) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,840,407 shares of the company’s stock after buying an additional 623,345 shares during the period. Vanguard Group Inc. owned about 7.89% of Questar Corp. worth $351,132,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Questar Corp. by 13.1% in the second quarter. Principal Financial Group Inc. now owns 661,378 shares of the company’s stock valued at $16,779,000 after buying an additional 76,543 shares during the period. Brown Advisory Inc. raised its position in Questar Corp. by 4.0% in the second quarter. Brown Advisory Inc. now owns 83,192 shares of the company’s stock valued at $2,110,000 after buying an additional 3,200 shares during the period. Prudential Financial Inc. raised its position in Questar Corp. by 5.2% in the second quarter. Prudential Financial Inc. now owns 183,267 shares of the company’s stock valued at $4,649,000 after buying an additional 9,100 shares during the period. Teacher Retirement System of Texas raised its position in Questar Corp. by 14.4% in the second quarter. Teacher Retirement System of Texas now owns 24,573 shares of the company’s stock valued at $623,000 after buying an additional 3,092 shares during the period. Finally, Victory Capital Management Inc. raised its position in Questar Corp. by 24.6% in the second quarter. Victory Capital Management Inc. now owns 87,413 shares of the company’s stock valued at $2,218,000 after buying an additional 17,245 shares during the period. 78.94% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Questar Corp. (NYSE:STR) remained flat at $25.06 during trading on Friday. Questar Corp. has a 12 month low of $18.02 and a 12 month high of $25.38. The firm’s 50-day moving average price is $25.10 and its 200 day moving average price is $25.05.
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 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 firm earned $174.10 million during the quarter, compared to analyst estimates of $219.70 million. During the same period in the previous year, the company earned $0.23 earnings per share. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. On average, equities research analysts anticipate that Questar Corp. will post $1.30 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.51%. The ex-dividend date was Wednesday, August 17th. Questar Corp.’s payout ratio is currently 79.28%.
Several research firms recently commented on STR. Jefferies Group reissued a “hold” rating and set a $25.00 price target on shares of Questar Corp. in a research report on Monday, September 19th. Zacks Investment Research raised Questar Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th.
In other Questar Corp. news, CFO Kevin W. Hadlock sold 4,175 shares of the company’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 transaction, 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 legal filing with the SEC, which is accessible through the SEC website. 0.42% of the stock is owned by company insiders.
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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