Stifel Financial Corp Sells 2,713 Shares of Suburban Propane Partners, L.P. (NYSE:SPH)

Stifel Financial Corp reduced its holdings in Suburban Propane Partners, L.P. (NYSE:SPH) by 10.2% in the 4th quarter, Holdings Channel reports. The fund owned 23,768 shares of the energy company’s stock after selling 2,713 shares during the quarter. Stifel Financial Corp’s holdings in Suburban Propane Partners were worth $409,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Suburban Propane Partners in the 4th quarter valued at approximately $24,340,000. Raymond James Financial Inc. acquired a new stake in Suburban Propane Partners in the 4th quarter valued at approximately $3,474,000. JPMorgan Chase & Co. grew its stake in Suburban Propane Partners by 6.2% in the fourth quarter. JPMorgan Chase & Co. now owns 684,155 shares of the energy company’s stock valued at $11,767,000 after purchasing an additional 40,239 shares in the last quarter. Wealthstar Advisors LLC bought a new position in Suburban Propane Partners in the fourth quarter valued at approximately $554,000. Finally, Levin Capital Strategies L.P. grew its stake in Suburban Propane Partners by 10.3% in the fourth quarter. Levin Capital Strategies L.P. now owns 194,186 shares of the energy company’s stock valued at $3,340,000 after purchasing an additional 18,196 shares in the last quarter. 30.94% of the stock is currently owned by institutional investors.

Suburban Propane Partners Stock Up 1.9%

SPH stock opened at $19.54 on Wednesday. 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 business has a 50 day moving average price of $20.34 and a two-hundred day moving average price of $19.64. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 18.43 and a beta of 0.18. Suburban Propane Partners, L.P. has a twelve month low of $15.20 and a twelve month high of $22.24.

Suburban Propane Partners (NYSE:SPH) last issued its earnings results on Thursday, May 8th. The energy company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.11). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. The business had revenue of $587.66 million for the quarter, compared to the consensus estimate of $548.00 million.

Suburban Propane Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were issued a dividend of $0.325 per share. The ex-dividend date was Tuesday, May 6th. This represents a $1.30 annualized dividend and a yield of 6.65%. Suburban Propane Partners’s payout ratio is currently 90.28%.

Insider Buying and Selling

In other Suburban Propane Partners news, SVP Douglas Brinkworth sold 2,000 shares of Suburban Propane Partners stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 159,355 shares of the company’s stock, valued at $3,266,777.50. The trade was a 1.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

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.