Star Group, L.P. (SGU) to Distribute Quarterly Dividend of $0.20 on November 4th

Star Group, L.P. (NYSE:SGU) declared a quarterly dividend on Thursday, October 15th. Investors 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 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Monday, October 26th.

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

Star Group Trading Up 1.5%

Star Group stock traded up $0.19 during midday trading on Friday, reaching $13.17. 55,081 shares of the stock traded hands, compared to its average volume of 22,010. The company has a 50-day simple moving average of $12.82 and a two-hundred day simple moving average of $12.78. Star Group has a 12-month low of $11.39 and a 12-month high of $13.53. The firm has a market cap of $432.21 million, a PE ratio of 7.04 and a beta of 0.31. 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 (NYSE:SGU) last released its earnings results on Wednesday, August 5th. The pipeline company reported ($0.84) earnings per share for the quarter. Star Group had a net margin of 4.57% and a return on equity of 24.43%. The firm had revenue of $358.07 million during the quarter.

Institutional Trading of Star Group

A number of large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in Star Group in the second quarter worth approximately $40,000. Renaissance Technologies LLC grew its holdings in Star Group by 1.1% during the 1st quarter. Renaissance Technologies LLC now owns 910,108 shares of the pipeline company’s stock worth $11,176,000 after acquiring an additional 10,281 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Star Group during the 2nd quarter worth approximately $147,000. BlackRock Inc. grew its holdings in Star Group by 400.0% during the 2nd quarter. BlackRock Inc. now owns 19,501 shares of the pipeline company’s stock worth $250,000 after acquiring an additional 15,601 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Star Group by 14.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 129,080 shares of the pipeline company’s stock valued at $1,585,000 after purchasing an additional 16,544 shares during the last quarter. 40.36% of the stock is currently owned by hedge funds and other institutional investors.

About Star Group

Star Group, L.P. is a heating and home-services company that supplies energy products and related services to residential and commercial customers. Its offerings include heating oil, propane, natural gas and electricity, along with heating, ventilation and air-conditioning equipment installation, maintenance and repair.

The company also provides plumbing, electrical and other home-comfort services in selected markets. Through its operating businesses, Star Group serves customers across the Northeast and Mid-Atlantic regions of the United States, with operations concentrated in states including New York, New Jersey, Connecticut, Pennsylvania, Massachusetts, Rhode Island, New Hampshire, Vermont, Maryland, Delaware and Virginia.

Star Group was established in 1995 and has expanded primarily through acquisitions of heating-fuel distributors and home-services providers.