14,616 Shares in Suburban Propane Partners, L.P. (NYSE:SPH) Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC bought a new stake in Suburban Propane Partners, L.P. (NYSE:SPH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,616 shares of the energy company’s stock, valued at approximately $251,000.

Other large investors also recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Suburban Propane Partners in the 4th quarter valued at $24,340,000. JPMorgan Chase & Co. grew its position in Suburban Propane Partners by 31.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 643,916 shares of the energy company’s stock valued at $11,552,000 after acquiring an additional 155,360 shares in the last quarter. Levin Capital Strategies L.P. increased its stake in Suburban Propane Partners by 10.3% during the fourth 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 during the period. Wealthstar Advisors LLC acquired a new stake in shares of Suburban Propane Partners during the fourth quarter worth about $554,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Suburban Propane Partners in the fourth quarter valued at approximately $3,474,000. 30.94% of the stock is currently owned by institutional investors and hedge funds.

Suburban Propane Partners Price Performance

Shares of SPH opened at $21.08 on Tuesday. The company has a market cap of $1.36 billion, a P/E ratio of 19.88 and a beta of 0.46. Suburban Propane Partners, L.P. has a fifty-two week low of $15.20 and a fifty-two week high of $22.24. 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 firm’s 50 day moving average price is $20.83 and its 200 day moving average price is $19.20.

Suburban Propane Partners (NYSE:SPH) last posted its quarterly earnings data 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 return on equity of 11.81% and a net margin of 5.18%. During the same period in the previous year, the business posted $0.38 EPS.

Suburban Propane Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders 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 dividend yield of 6.17%. The ex-dividend date was Tuesday, February 4th. Suburban Propane Partners’s dividend payout ratio is presently 122.64%.

Insider Buying and Selling

In related news, SVP Douglas Brinkworth sold 2,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $20.50, for a total transaction of $41,000.00. Following the completion of the transaction, the senior vice president now owns 159,355 shares in the company, valued at approximately $3,266,777.50. The trade was a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Michael A. Schueler sold 7,746 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total value of $162,123.78. Following the completion of the sale, the vice president now owns 11,133 shares in the company, valued at approximately $233,013.69. This represents a 41.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.