Star Group (NYSE:SGU) Shares Pass Above 200-Day Moving Average - What's Next?

Key Points

• Star Group shares moved above their 200-day moving average, reaching $12.90 before closing around $12.7550. The stock’s 50-day and 200-day averages were $12.76 and $12.73, respectively.
• Analyst sentiment has weakened, with Wall Street Zen downgrading the shares to “buy” and Weiss Ratings lowering its view to “hold.” MarketBeat reports a consensus rating of “Hold.”
• Star Group maintains an annualized dividend of $0.79 per share, yielding approximately 6.2%, while institutional investors own 40.36% of the company.

Shares of Star Group, L.P. (NYSE:SGU - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.73 and traded as high as $12.90. Star Group shares last traded at $12.7550, with a volume of 16,073 shares changing hands.

Analyst Ratings Changes

A number of analysts have weighed in on SGU shares. Wall Street Zen cut Star Group from a "strong-buy" rating to a "buy" rating in a research 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 research analyst has rated the stock with a Hold rating, According to MarketBeat, Star Group has a consensus rating of "Hold".

Star Group Stock Performance

The stock has a 50 day moving average of $12.76 and a two-hundred day moving average of $12.73. The stock has a market capitalization of $418.49 million, a PE ratio of 6.82 and a beta of 0.34. 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 - Get Free Report) last released 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 return on equity of 24.43% and a net margin of 4.57%.The business had revenue of $358.07 million during the quarter.

Star Group Dividend Announcement

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

Institutional Trading of Star Group

Institutional investors have recently added to or reduced their stakes in the stock. Maridea Wealth Management LLC purchased a new position in Star Group during the 2nd quarter valued at about $550,000. AlphaCentric Advisors LLC purchased a new stake in shares of Star Group in the first quarter valued at about $261,000. Greenwood Gearhart LLC purchased a new stake in shares of Star Group in the first quarter valued at about $252,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Star Group by 14.7% in the first 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 in the last quarter. Finally, BlackRock Inc. grew its position in shares of Star Group by 400.0% in the second quarter. BlackRock Inc. now owns 19,501 shares of the pipeline company's stock valued at $250,000 after purchasing an additional 15,601 shares during the last quarter. Hedge funds and other institutional investors own 40.36% of the company's stock.

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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