JPMorgan Chase & Co. Has $11.55 Million Stock Position in Suburban Propane Partners, L.P. (NYSE:SPH)

JPMorgan Chase & Co. boosted its stake in Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) by 31.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 643,916 shares of the energy company's stock after purchasing an additional 155,360 shares during the period. JPMorgan Chase & Co. owned approximately 1.00% of Suburban Propane Partners worth $11,552,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SPH. Oppenheimer & Co. Inc. grew its stake in Suburban Propane Partners by 7.9% during the 3rd 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. Simplicity Wealth LLC boosted its stake in Suburban Propane Partners by 4.2% during the 3rd quarter. Simplicity Wealth LLC now owns 22,963 shares of the energy company's stock valued at $412,000 after purchasing an additional 936 shares during the period. Greenup Street Wealth Management LLC grew its holdings in 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 in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of 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 in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Suburban Propane Partners by 4.4% in the second quarter. Private Advisor Group LLC now owns 64,281 shares of the energy company's stock worth $1,221,000 after purchasing an additional 2,732 shares during the period. 30.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP A Davin Dambrosio sold 6,500 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total transaction of $122,850.00. Following the transaction, the vice president now owns 76,176 shares in the company, valued at $1,439,726.40. This represents a 7.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Craig Palleschi sold 2,800 shares of Suburban Propane Partners stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $17.72, for a total transaction of $49,616.00. Following the completion of the sale, the vice president now directly owns 21,898 shares of the company's stock, valued at approximately $388,032.56. The trade was a 11.34 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Suburban Propane Partners Stock Up 1.2 %

SPH opened at $18.08 on Monday. Suburban Propane Partners, L.P. has a one year low of $15.20 and a one year high of $21.55. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.33 and a current ratio of 0.51. The stock's fifty day moving average is $18.26 and its 200-day moving average is $18.20. The company has a market capitalization of $1.17 billion, a PE ratio of 15.86 and a beta of 0.48.

Suburban Propane Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date of this dividend was Tuesday, November 5th. Suburban Propane Partners's dividend payout ratio is presently 114.04%.

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.