Emerald Acquisition Ltd. purchased a new position in Questar Corp. (NYSE:STR) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,033 shares of the company’s stock, valued at approximately $635,000.
A number of other institutional investors have also bought and sold shares of STR. Magnetar Financial LLC acquired a new position in Questar Corp. during the first quarter worth $104,438,000. Chicago Capital Management LLC purchased a new position in shares of Questar Corp. during the second quarter worth approximately $9,235,000. Barclays PLC increased its position in shares of Questar Corp. by 506.9% in the first quarter. Barclays PLC now owns 385,901 shares of the company’s stock worth $9,261,000 after buying an additional 322,313 shares during the period. Societe Generale purchased a new position in shares of Questar Corp. during the second quarter worth approximately $7,721,000. Finally, Wallington Asset Management LLC purchased a new position in shares of Questar Corp. during the second quarter worth approximately $4,221,000. Hedge funds and other institutional investors own 78.94% of the company’s stock.
Questar Corp. (NYSE:STR) remained flat at $25.06 during midday trading on Friday. The company’s 50-day moving average price is $25.10 and its 200 day moving average price is $25.05. Questar Corp. has a 12 month low of $18.02 and a 12 month high of $25.38.
Questar Corp. (NYSE:STR) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.02. The company earned $174.10 million during the quarter, compared to analysts’ expectations of $219.70 million. Questar Corp. had a net margin of 17.15% and a return on equity of 16.86%. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. On average, analysts anticipate that Questar Corp. will post $1.30 earnings per share for the current fiscal year.
A number of brokerages have commented on STR. Jefferies Group reaffirmed a “hold” rating and set a $25.00 target price on shares of Questar Corp. in a research note on Monday, September 19th. Zacks Investment Research raised shares of Questar Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th.
In related news, CFO Kevin W. Hadlock sold 4,175 shares of the stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $25.03, for a total value of $104,500.25. Following the sale, 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 filing with the SEC, which is available through this hyperlink. 0.42% of the stock is currently owned by corporate 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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