Corient Private Wealth LLC Takes $251,000 Position in Suburban Propane Partners, L.P. (NYSE:SPH)

Corient Private Wealth LLC bought a new stake in Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,616 shares of the energy company's stock, valued at approximately $251,000.

A number of other large investors have also bought and sold shares of the business. Avantax Advisory Services Inc. increased its holdings in shares of Suburban Propane Partners by 2.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 22,750 shares of the energy company's stock valued at $391,000 after purchasing an additional 480 shares in the last quarter. HM Payson & Co. raised its position in shares of Suburban Propane Partners by 10.9% during the fourth quarter. HM Payson & Co. now owns 12,200 shares of the energy company's stock worth $210,000 after acquiring an additional 1,200 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Suburban Propane Partners by 18.7% during the fourth quarter. Allworth Financial LP now owns 9,904 shares of the energy company's stock valued at $189,000 after acquiring an additional 1,557 shares during the period. Stratos Wealth Partners LTD. increased its position in Suburban Propane Partners by 12.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 14,662 shares of the energy company's stock worth $252,000 after purchasing an additional 1,601 shares during the period. Finally, Cetera Trust Company N.A bought a new stake in Suburban Propane Partners during the 4th quarter worth about $28,000. 30.94% of the stock is currently owned by institutional investors.

Suburban Propane Partners Trading Down 0.8 %

Shares of NYSE SPH traded down $0.18 during mid-day trading on Thursday, hitting $21.44. The company's stock had a trading volume of 165,953 shares, compared to its average volume of 200,443. Suburban Propane Partners, L.P. has a one year low of $15.20 and a one year high of $22.24. The company's fifty day simple moving average is $20.92 and its 200-day simple moving average is $19.24. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.51. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 20.23 and a beta of 0.46.

Remove Ads

Suburban Propane Partners (NYSE:SPH - Get Free Report) last released its earnings results on Thursday, February 6th. The energy company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. During the same quarter last year, the business posted $0.38 EPS.

Suburban Propane Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were paid a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend was Tuesday, February 4th. Suburban Propane Partners's payout ratio is presently 122.64%.

Insider Transactions at Suburban Propane Partners

In other news, VP Michael A. Schueler sold 7,746 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total transaction of $162,123.78. Following the completion of the transaction, the vice president now directly owns 11,133 shares in the company, valued at $233,013.69. This represents a 41.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Douglas Brinkworth sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $20.50, for a total value of $41,000.00. Following the transaction, the senior vice president now directly owns 159,355 shares of the company's stock, valued at $3,266,777.50. This trade represents a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

About Suburban Propane Partners

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.