California State Teachers Retirement System Decreases Stake in Star Group, L.P. (NYSE:SGU)

California State Teachers Retirement System trimmed its position in shares of Star Group, L.P. (NYSE:SGU) by 4.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,164 shares of the pipeline company’s stock after selling 1,270 shares during the period. California State Teachers Retirement System’s holdings in Star Group were worth $272,000 at the end of the most recent reporting period.

Separately, Blackstone Inc. grew its holdings in Star Group by 36.5% during the 1st quarter. Blackstone Inc. now owns 116,684 shares of the pipeline company’s stock worth $1,169,000 after acquiring an additional 31,200 shares in the last quarter. Institutional investors and hedge funds own 40.36% of the company’s stock.

Star Group Trading Up 3.0 %

Shares of NYSE:SGU opened at $11.86 on Monday. Star Group, L.P. has a 52 week low of $9.64 and a 52 week high of $14.76. The company’s 50 day moving average is $10.98 and its two-hundred day moving average is $10.84. The company has a market cap of $411.07 million, a PE ratio of 17.97 and a beta of 0.42. The company has a current ratio of 0.74, a quick ratio of 0.61 and a debt-to-equity ratio of 0.37.

Star Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 5.82%. The ex-dividend date was Monday, July 29th. Star Group’s dividend payout ratio (DPR) is presently 104.55%.

Star Group 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.