Water Island Capital buys $65,621,254 stake in Questar Corporation (STR)

Questar Corporation (STR) : Water Island Capital scooped up 1,701,575 additional shares in Questar Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,604,018 shares of Questar Corporation which is valued at $65,621,254.Questar Corporation makes up approximately 4.44% of Water Island Capital’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in STR in the latest quarter, The investment management firm added 19,290 additional shares and now holds a total of 77,620 shares of Questar Corporation which is valued at $1,956,024. Questar Corporation makes up approx 0.10% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Advisors Asset Management reduced its stake in STR by selling 7,842 shares or 5.94% in the most recent quarter. The Hedge Fund company now holds 124,072 shares of STR which is valued at $3,122,892. Questar Corporation makes up approx 0.05% of Advisors Asset Management’s portfolio.Great West Life Assurance Co Can boosted its stake in STR in the latest quarter, The investment management firm added 82,130 additional shares and now holds a total of 146,627 shares of Questar Corporation which is valued at $3,693,534. Questar Corporation makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.Louisiana State Employees Retirement System reduced its stake in STR by selling 1,900 shares or 3.92% in the most recent quarter. The Hedge Fund company now holds 46,600 shares of STR which is valued at $1,169,660. Questar Corporation makes up approx 0.06% of Louisiana State Employees Retirement System’s portfolio.

Questar Corporation opened for trading at $25.01 and hit $25.07 on the upside on Thursday, eventually ending the session at $25.06, with a gain of 0.20% or 0.05 points. The heightened volatility saw the trading volume jump to 6,09,463 shares. Company has a market cap of $4,397 M.

On the company’s financial health, Questar Corporation reported $0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.22. The company had revenue of $174.10 million for the quarter, compared to analysts expectations of $219.64 million. The company’s revenue was down -12.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.

Questar Corporation (Questar) is an integrated natural gas holding company that develops produces and delivers clean energy in the Rockies North America. The company through its subsidiaries is principally engaged in three line of business: Questar Gas Company (Questar Gas) which provides retail natural gas distribution in Utah Wyoming and Idaho; Wexpro Company (Wexpro) that 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 United States and provides other energy services. The Company also operates through Questar Fueling Company (Questar Fueling) which builds owns and operates compressed natural gas (CNG) fueling stations for fleet operators with medium- and heavy-duty trucks and tractors.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *