Wall Street Zen downgraded shares of Star Group (NYSE:SGU – Free Report) from a strong-buy rating to a buy rating in a research note published on Saturday.
Separately, Weiss Ratings lowered Star Group from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Star Group presently has a consensus rating of “Hold”.
Check Out Our Latest Report on SGU
Star Group Stock Performance
Star Group (NYSE:SGU – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The pipeline company reported ($0.84) earnings per share (EPS) for the quarter. Star Group had a return on equity of 24.43% and a net margin of 4.57%.The firm had revenue of $358.07 million for the quarter.
Star Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Monday, July 27th were paid a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Monday, July 27th. Star Group’s dividend payout ratio (DPR) is currently 42.25%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in Star Group by 5,446.2% during the 4th quarter. Royal Bank of Canada now owns 2,163 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 2,124 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of Star Group by 181.5% in the second quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company’s stock valued at $61,000 after acquiring an additional 3,352 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Star Group in the fourth quarter valued at about $80,000. Raymond James Financial Inc. bought a new position in Star Group during the second quarter worth about $89,000. Finally, Bank of America Corp DE raised its position in shares of Star Group by 91.7% in the third quarter. Bank of America Corp DE now owns 11,844 shares of the pipeline company’s stock valued at $140,000 after buying an additional 5,667 shares in the last quarter. Institutional investors and hedge funds own 40.36% of the company’s stock.
About Star Group
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. It also sells gasoline and diesel fuel to approximately 26,600 customers.
See Also
- Five stocks we like better than Star Group
- Is Best Buy the AI Winner Hiding in the Electronics Aisle?
- Applied Materials Beat Everything but Wall Street’s Expectations for Margins
- Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
- Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing
Receive News & Ratings for Star Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Star Group and related companies with MarketBeat.com's FREE daily email newsletter.
