Star Group (NYSE:SGU) Cut to "Hold" at Wall Street Zen

Key Points

• Star Group was downgraded from a "strong-buy" rating to a "hold" rating by analysts at Wall Street Zen.
• The company reported a quarterly earnings result of ($0.48) EPS with a net margin of 3.77% and revenue of $305.62 million.
• Institutional investors currently hold 40.36% of Star Group's stock, with several firms modifying their holdings in the last quarter.

Wall Street Zen downgraded shares of Star Group (NYSE:SGU - Free Report) from a strong-buy rating to a hold rating in a research note released on Saturday morning.

Star Group Stock Up 1.1%

Shares of Star Group stock traded up $0.13 during trading on Friday, reaching $11.73. The stock had a trading volume of 31,895 shares, compared to its average volume of 37,117. The company has a market capitalization of $405.33 million, a price-to-earnings ratio of 8.88 and a beta of 0.32. Star Group has a 52 week low of $10.84 and a 52 week high of $13.75. The stock has a fifty day moving average price of $11.76 and a two-hundred day moving average price of $12.36. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.51.

Star Group (NYSE:SGU - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The pipeline company reported ($0.48) earnings per share (EPS) for the quarter. Star Group had a return on equity of 21.24% and a net margin of 3.77%. The company had revenue of $305.62 million for the quarter.

Star Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Monday, July 28th were paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Monday, July 28th. Star Group's payout ratio is 56.06%.

Institutional Investors Weigh In On Star Group

Institutional investors have recently made changes to their positions in the stock. State of Tennessee Department of Treasury acquired a new position in Star Group during the fourth quarter valued at approximately $26,000. Cary Street Partners Financial LLC acquired a new position in Star Group during the fourth quarter valued at approximately $144,000. Fifth Third Bancorp acquired a new position in Star Group during the second quarter valued at approximately $191,000. MGO One Seven LLC raised its position 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. Finally, Goldman Sachs Group Inc. acquired a new position in Star Group during the first quarter valued at approximately $231,000. 40.36% of the stock is currently owned by institutional investors.

About Star Group

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.