Questar Corp. (STR) Sees Unusually-High Trading Volume
Shares of Questar Corp. (NYSE:STR) saw an uptick in trading volume on Wednesday . 4,059,904 shares changed hands during mid-day trading, an increase of 45% from the previous session’s volume of 2,805,738 shares.The stock last traded at $25.20 and had previously closed at $25.21.
A number of research firms have commented on STR. Zacks Investment Research raised Questar Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, May 28th. US Capital Advisors lowered Questar Corp. from an “overweight” rating to a “hold” rating in a research report on Thursday, March 10th. Five investment analysts have rated the stock with a hold rating, Questar Corp. currently has a consensus rating of “Hold” and an average price target of $20.50.
The firm has a market capitalization of $4.42 billion and a price-to-earnings ratio of 21.91. The company’s 50-day moving average price is $25.12 and its 200-day moving average price is $23.87.
Questar Corp. (NYSE:STR) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.01. During the same period in the prior year, the company posted $0.48 EPS. The company earned $456.30 million during the quarter, compared to the consensus estimate of $467.40 million. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Questar Corp. will post $1.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 20th. Shareholders of record on Friday, June 3rd were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, June 1st. This represents a $0.88 annualized dividend and a dividend yield of 3.49%.
In other Questar Corp. news, VP Colleen Larkin Bell sold 1,194 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $25.01, for a total transaction of $29,861.94. Following the completion of the transaction, the vice president now owns 12,204 shares in the company, valued at $305,222.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several hedge funds and institutional investors have made changes to their positions in the stock. First Trust Advisors LP raised its position in shares of Questar Corp. by 12.4% in the fourth quarter. First Trust Advisors LP now owns 979,178 shares of the company’s stock valued at $19,074,000 after buying an additional 107,785 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Questar Corp. by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 799,662 shares of the company’s stock valued at $15,580,000 after buying an additional 14,931 shares during the period. New Amsterdam Partners LLC NY acquired a new position in shares of Questar Corp. during the fourth quarter valued at about $13,281,000. Nationwide Fund Advisors raised its position in shares of Questar Corp. by 3.0% in the fourth quarter. Nationwide Fund Advisors now owns 560,544 shares of the company’s stock valued at $10,919,000 after buying an additional 16,200 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Questar Corp. by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 556,738 shares of the company’s stock valued at $10,845,000 after buying an additional 12,174 shares during the period.
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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