Star Group (SGU) Stock Forecast, Price & News

Star Group's stock was trading at $12.05 at the start of the year. Since then, SGU shares have increased by 23.4% and is now trading at $14.87.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our SGU earnings forecast.

Star Group, L.P. (NYSE:SGU) posted its quarterly earnings results on Wednesday, May, 2nd. The pipeline company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by $0.67. The pipeline company earned $684.03 million during the quarter. Star Group had a net margin of 0.71% and a trailing twelve-month return on equity of 5.18%.

Star Group announced a quarterly dividend on Thursday, April 13th. Shareholders of record on Monday, April 24th will be paid a dividend of $0.1625 per share on Tuesday, May 2nd. This represents a $0.65 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Friday, April 21st. This is a boost from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for SGU.

ETFs with the largest weight of Star Group (NYSE:SGU) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Fidelity MSCI Utilities Index ETF (FUTY),

Star Group (NYSE:SGU) pays an annual dividend of $0.65 per share and currently has a dividend yield of 4.59%. SGU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 650.07%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for SGU.

6 employees have rated Star Group Chief Executive Officer Daniel P. Donovan on Glassdoor.com. Daniel P. Donovan has an approval rating of 30% among the company's employees. This puts Daniel P. Donovan in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Star Group investors own include AT&T (T), Verizon Communications (VZ), Prospect Capital (PSEC), Cisco Systems (CSCO), Enterprise Products Partners (EPD), Ares Capital (ARCC), CVS Health (CVS), Gilead Sciences (GILD), Main Street Capital (MAIN) and Realty Income (O).

Star Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "SGU."

Star Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Hartree Partners LP (8.04%), Renaissance Technologies LLC (2.79%), Brown Advisory Inc. (2.51%), JPMorgan Chase & Co. (1.67%), BlackRock Inc. (0.52%) and Locust Wood Capital Advisers LLC (0.48%).
View institutional ownership trends.

Shares of SGU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SGU stock can currently be purchased for approximately $14.87.

Star Group (NYSE:SGU) has a market capitalization of $529.37 million and generates $2.01 billion in revenue each year. The pipeline company earns $35.29 million in net income (profit) each year or $0.10 on an earnings per share basis.

The company employs 3,194 workers across the globe.

Star Group's mailing address is 9 West Broad Street, STAMFORD CT, 06902. The official website for the company is www.stargrouplp.com. The pipeline company can be reached via phone at (203) 328-7310, via email at cwitty@darrowir.com, or via fax at 203-328-7393.