Star Group, L.P. (NYSE:SGU) Plans Quarterly Dividend of $0.20

Star Group, L.P. (NYSE:SGU) declared a quarterly dividend on Thursday, October 15th. Shareholders of record on Monday, October 26th will be given a dividend of $0.1975 per share by the pipeline company on Wednesday, November 4th. This represents a $0.79 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Monday, October 26th.

Star Group has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 13 years.

Star Group Price Performance

Shares of NYSE SGU opened at $13.01 on Friday. The company has a market capitalization of $426.86 million, a price-to-earnings ratio of 6.96 and a beta of 0.31. The business has a 50 day simple moving average of $12.78 and a 200-day simple moving average of $12.75. The company has a current ratio of 0.87, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. Star Group has a twelve month low of $11.39 and a twelve month high of $13.53.

Star Group (NYSE:SGU) last posted its quarterly earnings results on Wednesday, August 5th. The pipeline company reported ($0.84) EPS for the quarter. The business had revenue of $358.07 million during the quarter. Star Group had a net margin of 4.57% and a return on equity of 24.43%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SGU. Renaissance Technologies LLC lifted its position in Star Group by 1.1% in the first quarter. Renaissance Technologies LLC now owns 910,108 shares of the pipeline company’s stock worth $11,176,000 after purchasing an additional 10,281 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Star Group by 14.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 129,080 shares of the pipeline company’s stock worth $1,585,000 after acquiring an additional 16,544 shares during the period. Maridea Wealth Management LLC acquired a new position in Star Group during the second quarter worth about $550,000. AlphaCentric Advisors LLC bought a new stake in Star Group in the first quarter worth about $261,000. Finally, Greenwood Gearhart LLC bought a new stake in Star Group in the first quarter worth about $252,000. 40.36% of the stock is currently owned by institutional investors.

Star Group Company Profile

Star Group, L.P. (NYSE: SGU) is a distributor of home heating and energy products serving residential and commercial customers in the northeastern United States. The company primarily provides heating oil and propane, along with related fuels such as gasoline and diesel.

Through its operating businesses and local service brands, Star Group also offers heating, ventilation and air-conditioning services, including equipment installation, maintenance and repairs. Its services are designed to support customers’ home comfort, fuel delivery and energy-management needs.

The company traces its history to the formation of Star Gas Partners in 1995 and has expanded through acquisitions and the development of its energy-delivery and home-services operations.