Levin Capital Strategies L.P. Increases Position in Suburban Propane Partners, L.P. (NYSE:SPH)

Levin Capital Strategies L.P. increased its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 194,186 shares of the energy company's stock after acquiring an additional 18,196 shares during the quarter. Levin Capital Strategies L.P. owned about 0.30% of Suburban Propane Partners worth $3,340,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SPH. Duncker Streett & Co. Inc. bought a new stake in shares of Suburban Propane Partners in the 4th quarter valued at approximately $34,000. Private Advisor Group LLC boosted its stake in shares of Suburban Propane Partners by 3.8% during the fourth quarter. Private Advisor Group LLC now owns 67,253 shares of the energy company's stock valued at $1,157,000 after purchasing an additional 2,448 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Suburban Propane Partners in the fourth quarter worth about $24,340,000. Allworth Financial LP increased its stake in Suburban Propane Partners by 18.7% in the 4th quarter. Allworth Financial LP now owns 9,904 shares of the energy company's stock worth $189,000 after buying an additional 1,557 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Suburban Propane Partners by 39.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,700 shares of the energy company's stock valued at $425,000 after buying an additional 7,000 shares in the last quarter. 30.94% of the stock is owned by hedge funds and other institutional investors.

Suburban Propane Partners Stock Up 0.4 %

Shares of SPH stock traded up $0.09 during mid-day trading on Monday, hitting $20.85. The stock had a trading volume of 157,563 shares, compared to its average volume of 296,064. Suburban Propane Partners, L.P. has a 12-month low of $15.20 and a 12-month high of $22.24. 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 firm's 50-day moving average is $19.71 and its two-hundred day moving average is $18.77. The firm has a market capitalization of $1.34 billion, a P/E ratio of 19.67 and a beta of 0.51.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last posted its quarterly earnings data 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 prior year, the business posted $0.38 EPS.

Suburban Propane Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date of this dividend was Tuesday, February 4th. Suburban Propane Partners's dividend payout ratio (DPR) is presently 122.64%.

Insider Activity at Suburban Propane Partners

In other Suburban Propane Partners news, VP Michael A. Schueler sold 7,746 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total transaction of $162,123.78. Following the sale, the vice president now owns 11,133 shares in the company, valued at approximately $233,013.69. The trade was a 41.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is 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.