LPL Financial LLC Raises Position in Suburban Propane Partners, L.P. (NYSE:SPH)

LPL Financial LLC lifted its stake in Suburban Propane Partners, L.P. (NYSE:SPH) by 14.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,409 shares of the energy company’s stock after purchasing an additional 16,368 shares during the period. LPL Financial LLC’s holdings in Suburban Propane Partners were worth $2,191,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SPH. Cetera Trust Company N.A bought a new stake in Suburban Propane Partners during the fourth quarter valued at about $28,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Suburban Propane Partners during the 4th quarter valued at about $31,000. Duncker Streett & Co. Inc. bought a new position in shares of Suburban Propane Partners during the 4th quarter valued at approximately $34,000. Vision Financial Markets LLC bought a new position in shares of Suburban Propane Partners during the 4th quarter valued at approximately $34,000. Finally, Tandem Financial LLC purchased a new stake in Suburban Propane Partners in the 4th quarter worth approximately $39,000. 30.94% of the stock is owned by institutional investors.

Insider Transactions at Suburban Propane Partners

In other Suburban Propane Partners news, VP Michael A. Schueler sold 7,746 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total value of $162,123.78. Following the completion of the transaction, the vice president now directly owns 11,133 shares in the company, valued at $233,013.69. This represents a 41.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Douglas Brinkworth sold 2,000 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 159,355 shares of the company’s stock, valued at approximately $3,266,777.50. This trade represents a 1.24 % 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 Price Performance

Shares of NYSE:SPH opened at $20.56 on Tuesday. The company has a market capitalization of $1.33 billion, a P/E ratio of 19.40 and a beta of 0.22. Suburban Propane Partners, L.P. has a 1-year low of $15.20 and a 1-year high of $22.24. The firm’s 50 day simple moving average is $20.77 and its two-hundred day simple moving average is $19.39. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.51.

Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings data on Thursday, February 6th. The energy company reported $0.30 EPS 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 company earned $0.38 EPS.

Suburban Propane Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date of this dividend was Tuesday, February 4th. Suburban Propane Partners’s dividend payout ratio (DPR) is 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.