Cetera Trust Company N.A Makes New $28,000 Investment in Suburban Propane Partners, L.P. (NYSE:SPH)

Cetera Trust Company N.A purchased a new position in shares of Suburban Propane Partners, L.P. (NYSE:SPH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,635 shares of the energy company’s stock, valued at approximately $28,000.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Suburban Propane Partners by 31.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 643,916 shares of the energy company’s stock valued at $11,552,000 after acquiring an additional 155,360 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Suburban Propane Partners during the third quarter worth about $270,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Suburban Propane Partners in the second quarter valued at approximately $193,000. Janney Montgomery Scott LLC grew its holdings in shares of Suburban Propane Partners by 3.8% in the third quarter. Janney Montgomery Scott LLC now owns 50,029 shares of the energy company’s stock valued at $898,000 after purchasing an additional 1,818 shares in the last quarter. Finally, Greenup Street Wealth Management LLC increased its stake in Suburban Propane Partners by 8.1% during the 3rd quarter. Greenup Street Wealth Management LLC now owns 22,425 shares of the energy company’s stock worth $402,000 after buying an additional 1,675 shares during the period. 30.94% of the stock is owned by institutional investors and hedge funds.

Suburban Propane Partners Price Performance

Suburban Propane Partners stock opened at $19.74 on Wednesday. The company’s 50 day moving average is $18.35 and its two-hundred day moving average is $18.22. The firm has a market cap of $1.27 billion, a PE ratio of 17.27 and a beta of 0.48. The company has a quick ratio of 0.33, a current ratio of 0.51 and a debt-to-equity ratio of 2.21. Suburban Propane Partners, L.P. has a 52-week low of $15.20 and a 52-week high of $21.55.

Suburban Propane Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.325 per share. The ex-dividend date was Tuesday, November 5th. This represents a $1.30 annualized dividend and a yield of 6.59%. Suburban Propane Partners’s dividend payout ratio (DPR) is 114.04%.

Insiders Place Their Bets

In other Suburban Propane Partners news, VP A Davin Dambrosio sold 6,500 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total value of $122,850.00. Following the sale, the vice president now directly owns 76,176 shares of the company’s stock, valued at approximately $1,439,726.40. This represents a 7.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Craig Palleschi sold 2,800 shares of Suburban Propane Partners stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $17.72, for a total transaction of $49,616.00. Following the sale, the vice president now directly owns 21,898 shares of the company’s stock, valued at approximately $388,032.56. This trade represents a 11.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by company 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.