Suburban Propane Partners (NYSE:SPH) VP Bryon Koepke Sells 2,848 Shares of Stock

Suburban Propane Partners, L.P. (NYSE:SPH) VP Bryon Koepke sold 2,848 shares of Suburban Propane Partners stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $17.65, for a total transaction of $50,267.20. Following the completion of the sale, the vice president owned 100,714 shares in the company, valued at approximately $1,777,602.10. This trade represents a 2.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Suburban Propane Partners Stock Performance

Shares of SPH stock remained flat at $17.61 on Tuesday. 227,461 shares of the stock were exchanged, compared to its average volume of 170,273. Suburban Propane Partners, L.P. has a twelve month low of $16.53 and a twelve month high of $20.80. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.52 and a current ratio of 0.78. The firm has a 50-day moving average of $17.89 and a 200-day moving average of $19.05. The company has a market cap of $1.17 billion, a P/E ratio of 8.98 and a beta of 0.40.

Suburban Propane Partners (NYSE:SPH) last issued its quarterly earnings results on Thursday, August 6th. The energy company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.11). Suburban Propane Partners had a net margin of 9.37% and a return on equity of 18.57%. The company had revenue of $261.38 million during the quarter, compared to analysts’ expectations of $255.00 million. As a group, equities analysts anticipate that Suburban Propane Partners, L.P. will post 2.05 earnings per share for the current year.

Suburban Propane Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Tuesday, August 4th were given a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Tuesday, August 4th. Suburban Propane Partners’s dividend payout ratio (DPR) is 66.33%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Zacks Research raised shares of Suburban Propane Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Wall Street Zen lowered shares of Suburban Propane Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings cut Suburban Propane Partners from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Institutional Trading of Suburban Propane Partners

Hedge funds and other institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. boosted its position in shares of Suburban Propane Partners by 5.1% during the 4th quarter. Alps Advisors Inc. now owns 15,051,196 shares of the energy company’s stock valued at $279,049,000 after acquiring an additional 724,170 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Suburban Propane Partners by 4.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,177,601 shares of the energy company’s stock worth $77,912,000 after purchasing an additional 192,154 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Suburban Propane Partners by 11.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,370,534 shares of the energy company’s stock worth $28,795,000 after purchasing an additional 142,547 shares during the last quarter. Jane Street Group LLC purchased a new position in Suburban Propane Partners during the second quarter worth about $2,278,000. Finally, UBS Group AG raised its stake in Suburban Propane Partners by 32.1% during the fourth quarter. UBS Group AG now owns 466,798 shares of the energy company’s stock worth $8,654,000 after purchasing an additional 113,396 shares during the period. 30.94% of the stock is owned by institutional investors and hedge funds.

Suburban Propane Partners Company Profile

Suburban Propane Partners L.P. (NYSE: SPH) is a publicly traded master limited partnership headquartered in Whippany, New Jersey, that provides propane and related energy services to residential, commercial, industrial and agricultural customers. As one of the largest propane retailers in the United States, the company delivers propane gas, heating oil, diesel fuel and natural gas throughout its service territories. In addition to fuel distribution, Suburban Propane offers HVAC installation, maintenance and repair services, as well as safety inspections and equipment leasing to support customers’ energy needs.

The company’s core business centers on the delivery of propane for space and water heating, cooking and agricultural applications.