Commonwealth Equity Services LLC Reduces Stock Holdings in Star Group, L.P. (NYSE:SGU)

Posted by Defense World Staff on Sep 22nd, 2024

Commonwealth Equity Services LLC cut its stake in shares of Star Group, L.P. (NYSE:SGU – Free Report) by 15.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 40,265 shares of the pipeline company’s stock after selling 7,450 shares during the period. Commonwealth Equity Services LLC owned about 0.11% of Star Group worth $428,000 at the end of the most recent quarter.

Separately, Blackstone Inc. boosted its stake in Star Group by 36.5% during the first quarter. Blackstone Inc. now owns 116,684 shares of the pipeline company’s stock worth $1,169,000 after buying an additional 31,200 shares during the period. 40.36% of the stock is owned by hedge funds and other institutional investors.

Star Group Trading Down 1.3 %

NYSE SGU opened at $11.78 on Friday. The firm has a 50 day simple moving average of $11.42 and a 200-day simple moving average of $10.97. The firm has a market cap of $415.01 million, a price-to-earnings ratio of 17.85 and a beta of 0.42. Star Group, L.P. has a one year low of $9.64 and a one year high of $14.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 0.74.

Star Group (NYSE:SGU – Get Free Report) last announced its earnings results on Wednesday, July 31st. The pipeline company reported ($0.31) EPS for the quarter. The business had revenue of $331.64 million during the quarter. Star Group had a net margin of 2.82% and a return on equity of 17.25%.

Star Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were paid a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date was Monday, July 29th. Star Group’s dividend payout ratio is currently 104.55%.

Star Group Profile

(Free Report)

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.