Star Group - SGU Stock Forecast, Price & News

Star Group's stock was trading at $12.05 at the beginning of the year. Since then, SGU stock has increased by 7.6% and is now trading at $12.97.
View the best growth stocks for 2023 here.

Star Group saw a drop in short interest in March. As of March 15th, there was short interest totaling 226,100 shares, a drop of 26.5% from the February 28th total of 307,500 shares. Based on an average daily trading volume, of 86,100 shares, the short-interest ratio is currently 2.6 days. Currently, 0.8% of the shares of the stock are sold short.
View Star Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our SGU earnings forecast.

Star Group, L.P. (NYSE:SGU) issued its quarterly earnings results on Wednesday, February, 1st. The pipeline company reported $0.33 earnings per share for the quarter. The pipeline company had revenue of $648.19 million for the quarter. Star Group had a trailing twelve-month return on equity of 11.64% and a net margin of 1.58%.

Star Group declared a quarterly dividend on Thursday, January 12th. Stockholders of record on Monday, January 23rd will be paid a dividend of $0.1525 per share on Tuesday, January 31st. This represents a $0.61 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, January 20th.
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) and Fidelity MSCI Utilities Index ETF (FUTY) and

Star Group (NYSE:SGU) pays an annual dividend of $0.61 per share and currently has a dividend yield of 4.70%. 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 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 141.86%. 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."

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 $12.97.

Star Group (NYSE:SGU) has a market capitalization of $462.77 million and generates $2.01 billion in revenue each year. The pipeline company earns $35.29 million in net income (profit) each year or $0.43 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.