JPMorgan Chase & Co. Has $11.77 Million Stock Holdings in Suburban Propane Partners, L.P. (NYSE:SPH)

JPMorgan Chase & Co. lifted its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 684,155 shares of the energy company's stock after purchasing an additional 40,239 shares during the quarter. JPMorgan Chase & Co. owned 1.06% of Suburban Propane Partners worth $11,767,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Cetera Trust Company N.A bought a new stake in Suburban Propane Partners during the fourth quarter worth about $28,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Suburban Propane Partners during the 4th quarter worth approximately $31,000. Duncker Streett & Co. Inc. acquired a new stake in shares of Suburban Propane Partners during the 4th quarter worth approximately $34,000. Vision Financial Markets LLC bought a new position in Suburban Propane Partners in the fourth quarter valued at approximately $34,000. Finally, Tandem Financial LLC acquired a new position in Suburban Propane Partners during the fourth quarter valued at approximately $39,000. 30.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Suburban Propane Partners

In other Suburban Propane Partners news, SVP Douglas Brinkworth sold 2,000 shares of the company's 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 completion of the transaction, the senior vice president now owns 159,355 shares of the company's stock, valued at $3,266,777.50. This represents a 1.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Michael A. Schueler sold 7,746 shares of Suburban Propane Partners stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total value of $162,123.78. Following the sale, the vice president now directly owns 11,133 shares in the company, valued at $233,013.69. The trade was a 41.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Suburban Propane Partners Price Performance

Shares of SPH stock traded down $0.08 during trading hours on Friday, reaching $20.71. The company's stock had a trading volume of 119,447 shares, compared to its average volume of 201,377. Suburban Propane Partners, L.P. has a fifty-two week low of $15.20 and a fifty-two week high of $22.24. The firm's 50 day simple moving average is $20.74 and its 200-day simple moving average is $19.42. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 19.54 and a beta of 0.22.

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 net margin of 5.18% and a return on equity of 11.81%. During the same period last year, the business earned $0.38 earnings per share.

Suburban Propane Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend was Tuesday, February 4th. Suburban Propane Partners's dividend payout ratio is 122.64%.

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.