Allspring Global Investments Holdings LLC Increases Stake in Suburban Propane Partners, L.P. (NYSE:SPH)

Allspring Global Investments Holdings LLC grew its position in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 39.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,700 shares of the energy company’s stock after buying an additional 7,000 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Suburban Propane Partners were worth $425,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its position 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 worth $197,000 after buying an additional 800 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Suburban Propane Partners by 12.3% in the 4th quarter. Stratos Wealth Partners LTD. now owns 14,662 shares of the energy company’s stock valued at $252,000 after purchasing an additional 1,601 shares in the last quarter. Cetera Trust Company N.A purchased a new position in shares of Suburban Propane Partners in the 4th quarter valued at about $28,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Suburban Propane Partners in the 4th quarter valued at about $31,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Suburban Propane Partners by 3.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 50,029 shares of the energy company’s stock valued at $898,000 after purchasing an additional 1,818 shares in the last quarter. Hedge funds and other institutional investors own 30.94% of the company’s stock.

Insider Buying and Selling at Suburban Propane Partners

In other Suburban Propane Partners news, VP A Davin Dambrosio sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total transaction of $122,850.00. Following the completion of the transaction, the vice president now directly owns 76,176 shares in the company, valued at approximately $1,439,726.40. This trade represents a 7.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Michael A. Schueler sold 7,746 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were 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 $233,013.69. This trade represents 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 currently owned by insiders.

Suburban Propane Partners Stock Performance

Shares of SPH opened at $21.29 on Tuesday. The company has a 50-day simple moving average of $19.45 and a 200-day simple moving average of $18.65. 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 $1.37 billion, a PE ratio of 20.08 and a beta of 0.51. 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 announced its quarterly earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share (EPS) 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 company posted $0.38 earnings per share.

Suburban Propane Partners Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.30 annualized dividend and a yield of 6.11%. Suburban Propane Partners’s dividend payout ratio (DPR) is currently 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.