Janney Montgomery Scott LLC Reduces Position in Suburban Propane Partners, L.P. (NYSE:SPH)

Janney Montgomery Scott LLC cut its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,134 shares of the energy company’s stock after selling 895 shares during the period. Janney Montgomery Scott LLC owned about 0.08% of Suburban Propane Partners worth $845,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SPH. Cetera Trust Company N.A purchased a new stake in shares of Suburban Propane Partners in the 4th quarter worth $28,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Suburban Propane Partners in the 2nd quarter valued at approximately $193,000. Oppenheimer & Co. Inc. increased its position in Suburban Propane Partners by 7.9% during the third quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock valued at $197,000 after acquiring an additional 800 shares during the last quarter. Captrust Financial Advisors bought a new stake in Suburban Propane Partners in the third quarter worth about $270,000. Finally, Greenup Street Wealth Management LLC boosted its holdings in Suburban Propane Partners by 8.1% during the 3rd quarter. Greenup Street Wealth Management LLC now owns 22,425 shares of the energy company’s stock valued at $402,000 after acquiring an additional 1,675 shares during the period. Institutional investors own 30.94% of the company’s stock.

Insiders Place Their Bets

In related news, VP A Davin Dambrosio sold 6,500 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total value of $122,850.00. Following the transaction, the vice president now owns 76,176 shares in the company, valued at approximately $1,439,726.40. This represents a 7.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Craig Palleschi sold 2,800 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $17.72, for a total value of $49,616.00. Following the sale, the vice president now directly owns 21,898 shares in the company, valued at approximately $388,032.56. This trade represents a 11.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Suburban Propane Partners Trading Down 4.3 %

SPH stock opened at $20.72 on Friday. The firm’s 50-day moving average is $18.86 and its 200 day moving average is $18.36. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.51 and a quick ratio of 0.33. Suburban Propane Partners, L.P. has a 12 month low of $15.20 and a 12 month high of $21.89. The company has a market capitalization of $1.34 billion, a PE ratio of 18.17 and a beta of 0.51.

Suburban Propane Partners (NYSE:SPH) last released 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 12.64% and a net margin of 5.59%. During the same quarter in the previous year, the business earned $0.38 earnings per share.

Suburban Propane Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th will be given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 6.27%. The ex-dividend date is Tuesday, February 4th. Suburban Propane Partners’s payout ratio is 114.04%.

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.