Federated Hermes Inc. Has $1.88 Million Stock Position in Suburban Propane Partners, L.P. (NYSE:SPH)

Federated Hermes Inc. increased its position in Suburban Propane Partners, L.P. (NYSE:SPH) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,046 shares of the energy company’s stock after buying an additional 1,835 shares during the period. Federated Hermes Inc.’s holdings in Suburban Propane Partners were worth $1,876,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cetera Trust Company N.A acquired a new stake in Suburban Propane Partners in the fourth quarter valued at approximately $28,000. Wingate Wealth Advisors Inc. bought a new position in shares of Suburban Propane Partners in the 4th quarter worth $31,000. Duncker Streett & Co. Inc. acquired a new stake in Suburban Propane Partners in the 4th quarter valued at $34,000. Vision Financial Markets LLC bought a new stake in Suburban Propane Partners during the 4th quarter valued at $34,000. Finally, Tandem Financial LLC bought a new stake in Suburban Propane Partners during the 4th quarter valued at $39,000. 30.94% of the stock is owned by institutional investors.

Suburban Propane Partners Stock Up 2.1 %

Suburban Propane Partners stock opened at $19.84 on Monday. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 18.72 and a beta of 0.22. The firm’s fifty day moving average price is $20.79 and its two-hundred day moving average price is $19.37. Suburban Propane Partners, L.P. has a 1-year low of $15.20 and a 1-year high of $22.24. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 2.39.

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

Suburban Propane Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors 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 6.55%. Suburban Propane Partners’s dividend payout ratio (DPR) is currently 122.64%.

Insider Activity at Suburban Propane Partners

In other news, SVP Douglas Brinkworth sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $20.50, for a total value of $41,000.00. Following the transaction, the senior vice president now owns 159,355 shares in the company, valued at $3,266,777.50. The trade was a 1.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael A. Schueler sold 7,746 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 11,133 shares of the company’s stock, valued at $233,013.69. The trade was 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.

About Suburban Propane Partners

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.