Principal Financial Group Inc. raised its stake in shares of Questar Corp. (NYSE:STR) by 13.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 661,378 shares of the company’s stock after buying an additional 76,543 shares during the period. Principal Financial Group Inc. owned approximately 0.38% of Questar Corp. worth $16,779,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Magnetar Financial LLC acquired a new stake in shares of Questar Corp. during the first quarter valued at about $104,438,000. Norges Bank purchased a new stake in Questar Corp. during the fourth quarter worth $34,334,000. Gabelli Funds LLC raised its stake in Questar Corp. by 22.7% in the second quarter. Gabelli Funds LLC now owns 1,564,296 shares of the company’s stock worth $39,686,000 after buying an additional 289,696 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in Questar Corp. during the first quarter worth $26,982,000. Finally, Geode Capital Management LLC raised its stake in Questar Corp. by 3.3% in the first quarter. Geode Capital Management LLC now owns 1,070,945 shares of the company’s stock worth $26,559,000 after buying an additional 34,182 shares during the period. 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 Wednesday. Questar Corp. has a 1-year low of $18.02 and a 1-year high of $25.38. The company’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 (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.02. Questar Corp. had a net margin of 17.15% and a return on equity of 16.86%. The company earned $174.10 million during the quarter, compared to analyst estimates of $219.70 million. During the same quarter in the previous year, the company posted $0.23 EPS. The company’s quarterly revenue was down 12.6% on a year-over-year basis. Analysts anticipate that Questar Corp. will post $1.30 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 19th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.51%. The ex-dividend date was Wednesday, August 17th. Questar Corp.’s payout ratio is 79.28%.
A number of analysts recently weighed in on STR shares. Zacks Investment Research raised shares of Questar Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Jefferies Group reissued a “hold” rating and issued a $25.00 price objective on shares of Questar Corp. in a research report on Monday, September 19th.
In other news, CFO Kevin W. Hadlock sold 4,175 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $25.03, for a total value of $104,500.25. Following the completion of the transaction, the chief financial officer now owns 44,658 shares in the company, valued at approximately $1,117,789.74. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.42% of the stock is currently owned by 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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