Suburban Propane Partners, L.P. (NYSE:SPH) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 39.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,700 shares of the energy company’s stock after purchasing an additional 7,000 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Suburban Propane Partners were worth $425,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Suburban Propane Partners by 31.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 643,916 shares of the energy company’s stock worth $11,552,000 after purchasing an additional 155,360 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Suburban Propane Partners by 3.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 50,029 shares of the energy company’s stock worth $898,000 after purchasing an additional 1,818 shares during the last quarter. Wealthstar Advisors LLC acquired a new stake in shares of Suburban Propane Partners during the 4th quarter worth about $554,000. Captrust Financial Advisors acquired a new stake in shares of Suburban Propane Partners during the 3rd quarter worth about $270,000. Finally, Stratos Wealth Partners LTD. boosted its position in shares of Suburban Propane Partners by 12.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 14,662 shares of the energy company’s stock worth $252,000 after acquiring an additional 1,601 shares during the last quarter. 30.94% of the stock is owned by institutional investors and hedge funds.

Suburban Propane Partners Price Performance

SPH opened at $21.29 on Tuesday. The company’s 50 day simple moving average is $19.45 and its 200 day simple moving average is $18.65. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.51 and a current ratio of 0.70. Suburban Propane Partners, L.P. has a 1 year low of $15.20 and a 1 year high of $22.24. The stock has a market capitalization of $1.37 billion, a PE ratio of 20.08 and a beta of 0.51.

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

Suburban Propane Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were given a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.30 annualized dividend and a dividend yield of 6.11%. Suburban Propane Partners’s dividend payout ratio is presently 122.64%.

Insider Buying and Selling

In other Suburban Propane Partners news, VP A Davin Dambrosio sold 6,500 shares of Suburban Propane Partners stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total transaction of $122,850.00. Following the transaction, the vice president now directly owns 76,176 shares of the company’s stock, valued at $1,439,726.40. The trade was a 7.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Michael A. Schueler sold 7,746 shares of Suburban Propane Partners stock in a transaction that occurred on 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 directly owns 11,133 shares in the company, valued at approximately $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. Corporate insiders own 1.30% of the company’s stock.

Suburban Propane Partners 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.