C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New $24.34 Million Investment in Suburban Propane Partners, L.P. (NYSE:SPH)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,415,120 shares of the energy company's stock, valued at approximately $24,340,000. Suburban Propane Partners makes up about 1.1% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' investment portfolio, making the stock its 16th largest holding. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned approximately 2.19% of Suburban Propane Partners as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Greenup Street Wealth Management LLC grew its position in shares of Suburban Propane Partners by 8.1% in the 3rd quarter. Greenup Street Wealth Management LLC now owns 22,425 shares of the energy company's stock worth $402,000 after buying an additional 1,675 shares during the period. Janney Montgomery Scott LLC grew its holdings in Suburban Propane Partners by 3.8% in the third quarter. Janney Montgomery Scott LLC now owns 50,029 shares of the energy company's stock worth $898,000 after purchasing an additional 1,818 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Suburban Propane Partners by 7.9% during the third quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company's stock valued at $197,000 after purchasing an additional 800 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of Suburban Propane Partners during the third quarter valued at approximately $270,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Suburban Propane Partners by 31.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 643,916 shares of the energy company's stock worth $11,552,000 after purchasing an additional 155,360 shares in the last quarter. Hedge funds and other institutional investors own 30.94% of the company's stock.

Insider Buying and Selling at Suburban Propane Partners

In other news, VP Michael A. Schueler sold 7,746 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total value of $162,123.78. Following the transaction, the vice president now directly owns 11,133 shares in the company, valued at $233,013.69. This trade represents a 41.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Craig Palleschi sold 2,800 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $17.72, for a total value of $49,616.00. Following the sale, the vice president now owns 21,898 shares of the company's stock, valued at approximately $388,032.56. This represents a 11.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,046 shares of company stock worth $334,590. Company insiders own 1.30% of the company's stock.

Suburban Propane Partners Stock Up 0.6 %

Shares of Suburban Propane Partners stock traded up $0.14 during midday trading on Friday, hitting $21.60. The company had a trading volume of 151,428 shares, compared to its average volume of 344,915. The company has a 50 day moving average of $19.09 and a 200 day moving average of $18.47. The stock has a market capitalization of $1.39 billion, a P/E ratio of 20.37 and a beta of 0.51. Suburban Propane Partners, L.P. has a 52-week low of $15.20 and a 52-week high of $21.89. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.33 and a current ratio of 0.51.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.46). Suburban Propane Partners had a net margin of 5.18% and a return on equity of 11.54%. During the same period in the prior year, the company earned $0.38 EPS.

Suburban Propane Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were paid a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 6.02%. The ex-dividend date was Tuesday, February 4th. Suburban Propane Partners's dividend payout ratio is currently 122.64%.

Suburban Propane Partners Profile

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.