Star Group (NYSE:SGU) Share Price Breaks Above 200 Day Moving Average - Here's What Happened

Key Points

• Star Group shares rose above their 200-day moving average, reaching $12.85 before trading at $12.779, near the stock’s $12.72 long-term average.
• Analyst sentiment weakened, with Wall Street Zen downgrading the stock to “buy” and Weiss Ratings lowering it to “hold”; the overall consensus rating is Hold.
• Star Group reported quarterly revenue of $358.07 million and a loss of $0.84 per share, while maintaining a quarterly dividend of $0.1975, equivalent to a 6.2% annualized yield.

Star Group, L.P. (NYSE:SGU - Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $12.72 and traded as high as $12.85. Star Group shares last traded at $12.7790, with a volume of 7,151 shares.

Analyst Ratings Changes

SGU has been the topic of a number of research analyst reports. Wall Street Zen lowered Star Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 15th. Weiss Ratings lowered Star Group from a "buy (b-)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

Star Group Stock Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.87 and a quick ratio of 0.69. The firm has a market cap of $419.28 million, a P/E ratio of 6.83 and a beta of 0.34. The stock's 50 day moving average is $12.73 and its two-hundred day moving average is $12.72.

Star Group (NYSE:SGU - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The pipeline company reported ($0.84) EPS for the quarter. Star Group had a return on equity of 24.43% and a net margin of 4.57%.The business had revenue of $358.07 million for the quarter.

Star Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Monday, July 27th were paid a $0.1975 dividend. The ex-dividend date of this dividend was Monday, July 27th. This represents a $0.79 annualized dividend and a yield of 6.2%. Star Group's payout ratio is currently 42.25%.

Institutional Trading of Star Group

A number of large investors have recently bought and sold shares of SGU. Renaissance Technologies LLC lifted its holdings in shares of Star Group by 1.1% during the first quarter. Renaissance Technologies LLC now owns 910,108 shares of the pipeline company's stock valued at $11,176,000 after acquiring an additional 10,281 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings 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 worth $1,585,000 after purchasing an additional 16,544 shares during the last quarter. Maridea Wealth Management LLC bought a new stake in shares of Star Group in the 2nd quarter worth about $550,000. AlphaCentric Advisors LLC bought a new stake in shares of Star Group in the 1st quarter worth about $261,000. Finally, Greenwood Gearhart LLC acquired a new stake in shares of Star Group during the 1st quarter worth about $252,000. 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 products and provider of energy-related services in the northeastern and Mid-Atlantic United States. The company primarily serves residential and commercial customers, with operations focused on markets where heating oil and propane are widely used.

Its products include heating oil, propane, gasoline, diesel fuel, natural gas and electricity. Star Group also provides heating, ventilation and air-conditioning services, including equipment installation, maintenance and repair, as well as related plumbing and home-comfort services through its operating subsidiaries and regional brands.

The company's business is supported by recurring fuel deliveries and service relationships with customers across states in New England, New York, New Jersey, Pennsylvania and surrounding areas.

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