Star Group (NYSE:SGU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Star Group (NYSE:SGU) from a hold rating to a buy rating in a report published on Saturday morning.

Separately, Weiss Ratings upgraded shares of Star Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Star Group Trading Up 0.4%

Shares of SGU stock opened at $11.79 on Friday. Star Group has a 1 year low of $11.11 and a 1 year high of $13.75. The stock has a fifty day moving average of $11.84 and a two-hundred day moving average of $11.77. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.46 and a current ratio of 0.59. The firm has a market capitalization of $396.09 million, a PE ratio of 7.96 and a beta of 0.33.

Star Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Monday, October 27th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Monday, October 27th. Star Group’s payout ratio is currently 50.00%.

Hedge Funds Weigh In On Star Group

A number of large investors have recently bought and sold shares of SGU. Osaic Holdings Inc. boosted its stake in shares of Star Group by 181.5% during the 2nd quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company’s stock worth $61,000 after buying an additional 3,352 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Star Group in the 2nd quarter valued at about $89,000. Bank of America Corp DE grew 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 purchasing an additional 5,667 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in Star Group during the 3rd quarter worth $150,000. Finally, Fifth Third Bancorp bought a new position in Star Group during the second quarter worth about $191,000. Institutional investors and hedge funds 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.