Star Group, L.P. (NYSE:SGU) Declares $0.19 Quarterly Dividend

Star Group, L.P. (NYSE:SGU) declared a quarterly dividend on Thursday, July 17th, RTT News reports. Investors of record on Monday, July 28th will be paid a dividend of 0.185 per share by the pipeline company on Wednesday, August 6th. This represents a $0.74 dividend on an annualized basis and a yield of 6.34%.

Star Group Stock Performance

Shares of NYSE:SGU opened at $11.68 on Friday. The company’s 50 day moving average price is $11.94 and its two-hundred day moving average price is $12.33. Star Group has a 12-month low of $10.11 and a 12-month high of $13.75. The firm has a market cap of $403.73 million, a PE ratio of 7.84 and a beta of 0.35. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 0.48.

Star Group (NYSE:SGU) last posted its quarterly earnings results on Wednesday, May 7th. The pipeline company reported $2.01 earnings per share (EPS) for the quarter. Star Group had a net margin of 4.03% and a return on equity of 23.57%. The business had revenue of $743.05 million for the quarter.

Hedge Funds Weigh In On Star Group

A hedge fund recently bought a new stake in Star Group stock. Goldman Sachs Group Inc. acquired a new stake in shares of Star Group, L.P. (NYSE:SGU) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,494 shares of the pipeline company’s stock, valued at approximately $231,000. Goldman Sachs Group Inc. owned about 0.05% of Star Group at the end of the most recent reporting period. 40.36% of the stock is owned by institutional investors.

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.