Millennium Management LLC cut its stake in Star Group, L.P. (NYSE:SGU - Free Report) by 43.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,206 shares of the pipeline company's stock after selling 22,511 shares during the period. Millennium Management LLC owned approximately 0.08% of Star Group worth $337,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. State of Tennessee Department of Treasury purchased a new stake in shares of Star Group in the fourth quarter valued at $26,000. Jones Financial Companies Lllp purchased a new position in Star Group in the 4th quarter valued at about $27,000. Roxbury Financial LLC purchased a new position in Star Group in the 4th quarter valued at about $122,000. Cary Street Partners Financial LLC acquired a new stake in shares of Star Group during the 4th quarter worth about $144,000. Finally, MGO One Seven LLC grew its holdings in shares of Star Group by 7.9% during the fourth quarter. MGO One Seven LLC now owns 17,193 shares of the pipeline company's stock worth $198,000 after buying an additional 1,255 shares in the last quarter. 40.36% of the stock is owned by hedge funds and other institutional investors.
Star Group Trading Up 2.5%
Shares of NYSE:SGU traded up $0.29 during trading on Thursday, reaching $11.82. The stock had a trading volume of 48,429 shares, compared to its average volume of 30,643. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.63. The stock has a market cap of $408.57 million, a P/E ratio of 11.37 and a beta of 0.36. The business has a fifty day moving average price of $12.39 and a 200-day moving average price of $12.35. Star Group, L.P. has a fifty-two week low of $10.11 and a fifty-two week high of $13.75.
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 (EPS) for the quarter. Star Group had a net margin of 3.19% and a return on equity of 18.47%. The firm 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. Investors of record on Monday, April 28th were given a dividend of $0.185 per share. The ex-dividend date was Monday, April 28th. This represents a $0.74 dividend on an annualized basis and a yield of 6.26%. This is a positive change from Star Group's previous quarterly dividend of $0.17. Star Group's dividend payout ratio (DPR) is 49.66%.
Star Group Profile
(
Free Report)
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.
Read More
Before you consider Star Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Star Group wasn't on the list.
While Star Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
