Star Group (NYSE:SGU) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Star Group (NYSE:SGU) from a strong-buy rating to a hold rating in a research report released on Saturday morning.

Star Group Stock Down 2.1%

Shares of NYSE:SGU opened at $11.46 on Friday. The company has a market capitalization of $396.17 million, a PE ratio of 8.68 and a beta of 0.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.70 and a quick ratio of 0.57. The business has a fifty day moving average price of $11.77 and a two-hundred day moving average price of $12.37. Star Group has a 1 year low of $10.84 and a 1 year high of $13.75.

Star Group (NYSE:SGU) last announced its quarterly earnings data on Wednesday, August 6th. The pipeline company reported ($0.48) earnings per share (EPS) for the quarter. The business had revenue of $305.62 million during the quarter. Star Group had a net margin of 3.77% and a return on equity of 21.24%.

Star Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Monday, July 28th were paid a dividend of $0.185 per share. The ex-dividend date was Monday, July 28th. This represents a $0.74 annualized dividend and a dividend yield of 6.5%. Star Group’s dividend payout ratio is presently 56.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Tennessee Department of Treasury bought a new position in shares of Star Group during the 4th quarter worth $26,000. Cary Street Partners Financial LLC bought a new position in shares of Star Group during the 4th quarter worth $144,000. Fifth Third Bancorp bought a new position in shares of Star Group during the 2nd quarter worth $191,000. MGO One Seven LLC grew its stake in shares of Star Group by 7.9% during the 4th quarter. MGO One Seven LLC now owns 17,193 shares of the pipeline company’s stock worth $198,000 after acquiring an additional 1,255 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in shares of Star Group during the 1st quarter worth $231,000. Institutional investors own 40.36% of the company’s stock.

Star Group Company Profile

Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis.