Investors Buy Questar Corp. (STR) on Weakness
Investors purchased shares of Questar Corp. (NYSE:STR) on weakness during trading hours on Wednesday. $25.88 million flowed into the stock on the tick-up and $7.93 million flowed out of the stock on the tick-down, for a money net flow of $17.95 million into the stock. Of all companies tracked, Questar Corp. had the 25th highest net in-flow for the day. Questar Corp. traded down ($0.01) for the day and closed at $25.20
A number of equities research analysts have recently issued reports on STR shares. US Capital Advisors lowered shares of Questar Corp. from an “overweight” rating to a “hold” rating in a report on Thursday, March 10th. Zacks Investment Research lowered shares of Questar Corp. from a “hold” rating to a “sell” rating in a report on Monday, June 6th. Five investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $20.50.
The stock has a market capitalization of $4.42 billion and a PE ratio of 21.91. The stock’s 50 day moving average price is $25.12 and its 200 day moving average price is $23.87.
Questar Corp. (NYSE:STR) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The company earned $456.30 million during the quarter, compared to analysts’ expectations of $467.40 million. During the same period in the previous year, the company posted $0.48 earnings per share. Questar Corp.’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts expect that Questar Corp. will post $1.29 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 20th. Investors of record on Friday, June 3rd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Wednesday, June 1st.
In related news, VP Colleen Larkin Bell sold 1,194 shares of the stock in a transaction 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 sale, the vice president now directly owns 12,204 shares of the company’s stock, valued at $305,222.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
A number of large investors have added to or reduced their stakes in STR. Mutual of America Capital Management LLC increased its stake in Questar Corp. by 0.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 117,417 shares of the company’s stock worth $2,287,000 after buying an additional 432 shares during the period. Dimensional Fund Advisors LP increased its stake in Questar Corp. by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 799,662 shares of the company’s stock worth $15,580,000 after buying an additional 14,931 shares during the period. Rhumbline Advisers increased its stake in Questar Corp. by 0.8% in the fourth quarter. Rhumbline Advisers now owns 270,937 shares of the company’s stock worth $5,278,000 after buying an additional 2,056 shares during the period. Liberty Mutual Group Asset Management Inc. increased its stake in Questar Corp. by 50.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 112,441 shares of the company’s stock worth $2,190,000 after buying an additional 37,647 shares during the period. Finally, BOKF NA increased its stake in Questar Corp. by 6.2% in the fourth quarter. BOKF NA now owns 52,809 shares of the company’s stock worth $1,029,000 after buying an additional 3,101 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.