Star Group (NYSE:SGU) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Star Group shares crossed above their 200-day moving average, reaching $13.20 before closing near $13.17, up 1.5% during the session.
• Analyst sentiment is cautious: Weiss Ratings downgraded the stock to “hold,” Wall Street Zen reduced its rating to “buy,” and MarketBeat’s overall consensus is “Hold.”
• Star Group declared a quarterly dividend of $0.1975 per share, equivalent to an annualized $0.79 payout and a 6.0% dividend yield.

Star Group, L.P. (NYSE:SGU - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $12.78 and traded as high as $13.20. Star Group shares last traded at $13.1730, with a volume of 55,081 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SGU. Weiss Ratings lowered shares of Star Group from a "buy (b-)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Wall Street Zen cut shares of Star Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock has an average rating of "Hold".

Star Group Stock Up 1.5%

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 0.87. The firm has a market cap of $432.21 million, a PE ratio of 7.04 and a beta of 0.31. The stock has a fifty day moving average price of $12.82 and a 200-day moving average price of $12.78.

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 for the quarter.

Star Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Monday, October 26th will be issued a dividend of $0.1975 per share. The ex-dividend date is Monday, October 26th. This represents a $0.79 annualized dividend and a dividend yield of 6.0%. Star Group's payout ratio is presently 42.25%.

Institutional Trading of Star Group

Large investors have recently added to or reduced their stakes in the stock. Maridea Wealth Management LLC bought a new stake in shares of Star Group during the second quarter valued at approximately $550,000. AlphaCentric Advisors LLC bought a new position in Star Group in the 1st quarter worth approximately $261,000. Greenwood Gearhart LLC bought a new position in Star Group in the 1st quarter worth approximately $252,000. Arrowstreet Capital Limited Partnership grew its holdings in 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 buying an additional 16,544 shares in the last quarter. Finally, BlackRock Inc. increased its position in Star Group by 400.0% in the 2nd quarter. BlackRock Inc. now owns 19,501 shares of the pipeline company's stock valued at $250,000 after acquiring an additional 15,601 shares during the period. 40.36% of the stock is currently owned by institutional investors and hedge funds.

Star Group Company Profile

Star Group, L.P. is a heating and home-services company that supplies energy products and related services to residential and commercial customers. Its offerings include heating oil, propane, natural gas and electricity, along with heating, ventilation and air-conditioning equipment installation, maintenance and repair.

The company also provides plumbing, electrical and other home-comfort services in selected markets. Through its operating businesses, Star Group serves customers across the Northeast and Mid-Atlantic regions of the United States, with operations concentrated in states including New York, New Jersey, Connecticut, Pennsylvania, Massachusetts, Rhode Island, New Hampshire, Vermont, Maryland, Delaware and Virginia.

Star Group was established in 1995 and has expanded primarily through acquisitions of heating-fuel distributors and home-services providers.

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