Corient Private Wealth LLC purchased a new position in shares of Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,616 shares of the energy company's stock, valued at approximately $251,000.
Several other institutional investors and hedge funds have also made changes to their positions in SPH. Avantax Advisory Services Inc. grew its holdings in Suburban Propane Partners by 2.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 22,750 shares of the energy company's stock valued at $391,000 after buying an additional 480 shares during the last quarter. HM Payson & Co. boosted its stake 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 valued at $210,000 after acquiring an additional 1,200 shares during the last quarter. Allworth Financial LP increased its position in Suburban Propane Partners by 18.7% during the 4th quarter. Allworth Financial LP now owns 9,904 shares of the energy company's stock worth $189,000 after purchasing an additional 1,557 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in Suburban Propane Partners by 12.3% during the 4th 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 in the last quarter. Finally, Cetera Trust Company N.A purchased a new position in Suburban Propane Partners in the 4th quarter valued at about $28,000. 30.94% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, SVP Douglas Brinkworth sold 2,000 shares of Suburban Propane Partners stock in a transaction dated Wednesday, March 12th. The stock was 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. The trade was a 1.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Michael A. Schueler sold 7,746 shares of Suburban Propane Partners stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total transaction of $162,123.78. Following the transaction, the vice president now directly owns 11,133 shares in the company, valued at approximately $233,013.69. This trade represents a 41.03 % 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 company insiders.
Suburban Propane Partners Trading Down 7.3 %
Shares of Suburban Propane Partners stock traded down $1.57 during mid-day trading on Friday, hitting $19.82. 320,447 shares of the stock were exchanged, compared to its average volume of 201,577. The company has a 50-day simple moving average of $20.96 and a 200 day simple moving average of $19.28. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 18.70 and a beta of 0.46. Suburban Propane Partners, L.P. has a twelve month low of $15.20 and a twelve month high of $22.24.
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 the consensus estimate 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 in the previous year, the firm earned $0.38 earnings per share.
Suburban Propane Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were paid a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.30 annualized dividend and a yield of 6.56%. Suburban Propane Partners's payout ratio is currently 122.64%.
Suburban Propane Partners Profile
(
Free Report)
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.
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