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

Star Group, L.P. (NYSE:SGU) announced 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 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Monday, October 26th.

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

Star Group Trading Up 0.7%

Shares of NYSE SGU opened at $13.01 on Friday. The company’s 50 day simple moving average is $12.78 and its 200 day simple moving average is $12.75. Star Group has a fifty-two week low of $11.39 and a fifty-two week high of $13.53. The firm has a market capitalization of $426.86 million, a P/E ratio of 6.96 and a beta of 0.31. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.87 and a quick ratio of 0.69.

Star Group (NYSE:SGU) last announced 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 net margin of 4.57% and a return on equity of 24.43%. The business had revenue of $358.07 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in Star Group in the second quarter valued at about $40,000. NewEdge Advisors LLC acquired a new stake in shares of Star Group during the second quarter worth about $147,000. BlackRock Inc. raised its position in shares of Star Group by 400.0% during the second quarter. BlackRock Inc. now owns 19,501 shares of the pipeline company’s stock worth $250,000 after purchasing an additional 15,601 shares during the period. Greenwood Gearhart LLC acquired a new stake in shares of Star Group during the first quarter worth about $252,000. Finally, AlphaCentric Advisors LLC bought a new position in shares of Star Group during the 1st quarter valued at about $261,000. 40.36% of the stock is currently owned by institutional investors.

About Star Group

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.