Commonwealth Equity Services LLC Sells 2,429 Shares of Suburban Propane Partners, L.P. (NYSE:SPH)

Commonwealth Equity Services LLC cut its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 203,304 shares of the energy company’s stock after selling 2,429 shares during the period. Commonwealth Equity Services LLC owned about 0.32% of Suburban Propane Partners worth $3,497,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Suburban Propane Partners during the 4th quarter valued at about $24,340,000. Raymond James Financial Inc. bought a new stake in Suburban Propane Partners during the fourth quarter valued at approximately $3,474,000. JPMorgan Chase & Co. increased its holdings in Suburban Propane Partners by 31.8% during the third quarter. JPMorgan Chase & Co. now owns 643,916 shares of the energy company’s stock valued at $11,552,000 after buying an additional 155,360 shares during the last quarter. Wealthstar Advisors LLC purchased a new position in shares of Suburban Propane Partners during the 4th quarter worth $554,000. Finally, Levin Capital Strategies L.P. boosted 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 acquiring an additional 18,196 shares during the last quarter. 30.94% of the stock is owned by institutional investors.

Insider Activity at Suburban Propane Partners

In other news, VP Michael A. Schueler sold 7,746 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total transaction of $162,123.78. Following the transaction, the vice president now owns 11,133 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website. Also, SVP Douglas Brinkworth sold 2,000 shares of Suburban Propane Partners stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $20.50, for a total transaction of $41,000.00. Following the transaction, the senior vice president now directly owns 159,355 shares of the company’s stock, valued at $3,266,777.50. The trade was a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Suburban Propane Partners Stock Performance

NYSE:SPH opened at $20.84 on Tuesday. 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 has a 50-day simple moving average of $20.67 and a two-hundred day simple moving average of $19.08. The firm has a market capitalization of $1.34 billion, a PE ratio of 19.66 and a beta of 0.46. Suburban Propane Partners, L.P. has a 52-week low of $15.20 and a 52-week high of $22.24.

Suburban Propane Partners (NYSE:SPH) last released its earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.38 EPS.

Suburban Propane Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.325 per share. This represents a $1.30 annualized dividend 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%.

Suburban Propane Partners Company 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.