Raymond James Financial Inc. purchased a new position in shares of Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 202,006 shares of the energy company's stock, valued at approximately $3,474,000. Raymond James Financial Inc. owned approximately 0.31% of Suburban Propane Partners at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Suburban Propane Partners during the fourth quarter worth about $24,340,000. JPMorgan Chase & Co. increased its position in shares of Suburban Propane Partners by 31.8% during 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 during the last quarter. Levin Capital Strategies L.P. raised its stake in shares of Suburban Propane Partners by 10.3% during the 4th quarter. Levin Capital Strategies L.P. now owns 194,186 shares of the energy company's stock worth $3,340,000 after purchasing an additional 18,196 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Suburban Propane Partners by 3.8% in the 4th quarter. Private Advisor Group LLC now owns 67,253 shares of the energy company's stock valued at $1,157,000 after buying an additional 2,448 shares during the last quarter. Finally, Wealthstar Advisors LLC acquired a new stake in shares of Suburban Propane Partners in the 4th quarter valued at approximately $554,000. 30.94% of the stock is currently owned by institutional investors and hedge funds.
Suburban Propane Partners Stock Down 0.9 %
SPH traded down $0.19 during trading on Monday, reaching $21.08. 106,503 shares of the stock were exchanged, compared to its average volume of 201,177. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.51 and a current ratio of 0.70. The stock's 50 day moving average price is $20.83 and its two-hundred day moving average price is $19.20. Suburban Propane Partners, L.P. has a twelve month low of $15.20 and a twelve month high of $22.24. The stock has a market cap of $1.36 billion, a P/E ratio of 19.88 and a beta of 0.46.
Suburban Propane Partners (NYSE:SPH - Get Free Report) last released its quarterly earnings data 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 return on equity of 11.81% and a net margin of 5.18%. During the same quarter last year, the business earned $0.38 EPS.
Suburban Propane Partners Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were issued a $0.325 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $1.30 annualized dividend and a yield of 6.17%. Suburban Propane Partners's dividend payout ratio is currently 122.64%.
Insiders Place Their Bets
In other Suburban Propane Partners news, SVP Douglas Brinkworth sold 2,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $20.50, for a total value of $41,000.00. Following the sale, the senior vice president now owns 159,355 shares of the company's stock, valued at approximately $3,266,777.50. This trade represents a 1.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Michael A. Schueler sold 7,746 shares of the business'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 of the company's stock, valued at $233,013.69. This trade represents a 41.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.
About Suburban Propane Partners
(
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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