American Century Companies Inc. Buys Shares of 11,686 Star Group, L.P. (NYSE:SGU)

American Century Companies Inc. purchased a new stake in Star Group, L.P. (NYSE:SGU) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,686 shares of the pipeline company’s stock, valued at approximately $124,000.

A number of other large investors have also recently bought and sold shares of SGU. Cove Street Capital LLC boosted its holdings in shares of Star Group by 15.6% in the 2nd quarter. Cove Street Capital LLC now owns 18,500 shares of the pipeline company’s stock valued at $197,000 after buying an additional 2,500 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Star Group in the second quarter valued at $232,000. Finally, Blackstone Inc. lifted its stake in Star Group by 36.5% in the first quarter. Blackstone Inc. now owns 116,684 shares of the pipeline company’s stock valued at $1,169,000 after acquiring an additional 31,200 shares during the last quarter. Institutional investors and hedge funds own 40.36% of the company’s stock.

Star Group Stock Performance

Shares of SGU stock opened at $11.27 on Friday. The company has a market capitalization of $390.62 million, a price-to-earnings ratio of 17.08 and a beta of 0.42. 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, L.P. has a 52 week low of $9.64 and a 52 week high of $14.76. The company has a 50-day simple moving average of $11.50 and a 200 day simple moving average of $11.02.

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

Star Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were issued a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a dividend yield of 6.12%. The ex-dividend date was Monday, July 29th. Star Group’s dividend payout ratio (DPR) is currently 104.55%.

Star Group Company Profile

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.