Brown Advisory Inc. Sells 34,629 Shares of Star Group, L.P. (NYSE:SGU)

Brown Advisory Inc. lessened its stake in Star Group, L.P. (NYSE:SGU - Free Report) by 3.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 967,171 shares of the pipeline company's stock after selling 34,629 shares during the quarter. Brown Advisory Inc. owned approximately 2.80% of Star Group worth $11,161,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Crews Bank & Trust purchased a new stake in Star Group during the fourth quarter valued at $25,000. State of Tennessee Department of Treasury purchased a new stake in Star Group during the fourth quarter valued at $26,000. Jones Financial Companies Lllp purchased a new stake in Star Group during the fourth quarter valued at $27,000. Roxbury Financial LLC purchased a new stake in Star Group during the fourth quarter valued at $122,000. Finally, MGO One Seven LLC raised its stake in Star Group by 7.9% during the fourth quarter. MGO One Seven LLC now owns 17,193 shares of the pipeline company's stock valued at $198,000 after purchasing an additional 1,255 shares in the last quarter. Hedge funds and other institutional investors own 40.36% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Star Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 7th.

Star Group Trading Up 0.6%

Shares of SGU traded up $0.07 during midday trading on Monday, hitting $12.25. The stock had a trading volume of 5,366 shares, compared to its average volume of 38,230. Star Group, L.P. has a 1 year low of $9.64 and a 1 year high of $13.75. The firm has a market cap of $423.45 million, a PE ratio of 11.78 and a beta of 0.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.83 and a quick ratio of 0.66. The stock's 50 day moving average is $12.87 and its 200 day moving average is $12.30.

Star Group (NYSE:SGU - Get Free Report) last announced its earnings results on Wednesday, May 7th. The pipeline company reported $2.01 earnings per share for the quarter. Star Group had a net margin of 3.19% and a return on equity of 18.47%. The business had revenue of $743.05 million for the quarter.

Star Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Monday, April 28th were paid a $0.185 dividend. The ex-dividend date was Monday, April 28th. This represents a $0.74 annualized dividend and a dividend yield of 6.04%. This is an increase from Star Group's previous quarterly dividend of $0.17. Star Group's dividend payout ratio is currently 49.66%.

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.