Alps Advisors Inc. Sells 1,169 Shares of Questar Corp. (STR)
Alps Advisors Inc. decreased its stake in Questar Corp. (NYSE:STR) by 6.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,936 shares of the company’s stock after selling 1,169 shares during the period. Alps Advisors Inc.’s holdings in Questar Corp. were worth $404,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. Magnetar Financial LLC acquired a new stake in Questar Corp. during the first quarter valued at about $104,438,000. Norges Bank acquired a new stake in Questar Corp. during the fourth quarter valued at about $34,334,000. OMERS ADMINISTRATION Corp acquired a new stake in Questar Corp. during the first quarter valued at about $26,982,000. Chicago Capital Management LLC acquired a new stake in Questar Corp. during the second quarter valued at about $9,235,000. Finally, Barclays PLC boosted its stake in Questar Corp. by 506.9% in the first quarter. Barclays PLC now owns 385,901 shares of the company’s stock valued at $9,261,000 after buying an additional 322,313 shares in the last quarter. Hedge funds and other institutional investors own 78.94% of the company’s stock.
Shares of Questar Corp. (NYSE:STR) remained flat at $25.06 during trading on Friday. The stock has a 50-day moving average of $25.10 and a 200 day moving average of $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 issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, missing the Zacks’ 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 had revenue of $174.10 million for the quarter, compared to analyst estimates of $219.70 million. During the same period in the prior year, the firm posted $0.23 EPS. The business’s revenue was down 12.6% compared to the same quarter last year. On average, equities research analysts anticipate that Questar Corp. will post $1.30 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were given 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 yield of 3.51%. Questar Corp.’s dividend payout ratio is currently 79.28%.
A number of equities analysts recently commented on STR shares. Jefferies Group reissued a “hold” rating and set a $25.00 price target on shares of Questar Corp. in a research note on Monday, September 19th. Zacks Investment Research raised Questar Corp. from a “sell” rating to a “hold” rating in a research note on Monday, June 13th.
In other Questar Corp. news, CFO Kevin W. Hadlock sold 4,175 shares of Questar Corp. stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $25.03, for a total transaction of $104,500.25. Following the completion of the sale, the chief financial officer now 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 this hyperlink. Company insiders own 0.42% of the company’s stock.
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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