Questar Corp. (STR) Rating Reiterated by Jefferies Group
Questar Corp. (NYSE:STR)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Group in a research note issued on Monday. They currently have a $25.00 target price on the stock. Jefferies Group’s target price would indicate a potential downside of 0.24% from the company’s previous close.
Separately, Zacks Investment Research raised Questar Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, May 28th.
Questar Corp. (NYSE:STR) opened at 25.06 on Monday. 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. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 22.60 and a beta of 0.51.
Questar Corp. (NYSE:STR) last posted 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. The business had revenue of $174.10 million for the quarter, compared to analyst estimates of $219.70 million. Questar Corp. had a return on equity of 16.86% and a net margin of 17.15%. Questar Corp.’s revenue was down 12.6% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. Analysts predict 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. Stockholders of record on Friday, August 19th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, August 17th. This represents a $0.88 annualized dividend and a dividend yield of 3.51%. Questar Corp.’s dividend payout ratio is currently 79.28%.
In other news, CFO Kevin W. Hadlock sold 4,175 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 44,658 shares in the company, valued at $1,117,789.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.42% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in Questar Corp. during the second quarter valued at approximately $116,000. Fayez Sarofim & Co. purchased a new position in Questar Corp. during the second quarter valued at approximately $200,000. Seven Eight Capital LLC purchased a new position in Questar Corp. during the first quarter valued at approximately $203,000. Janney Montgomery Scott LLC purchased a new position in Questar Corp. during the second quarter valued at approximately $210,000. Finally, Timber Hill LLC purchased a new position in Questar Corp. during the second quarter valued at approximately $237,000. Institutional investors and hedge funds own 78.94% 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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