Suburban Propane Partners (NYSE:SPH) VP Sells $50,267.20 in Stock

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

Suburban Propane Partners Stock Performance

Suburban Propane Partners stock remained flat at $17.61 during mid-day trading on Tuesday. The company had a trading volume of 227,461 shares, compared to its average volume of 170,273. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 8.98 and a beta of 0.40. Suburban Propane Partners, L.P. has a 52 week low of $16.53 and a 52 week high of $20.80. The company has a quick ratio of 0.52, a current ratio of 0.78 and a debt-to-equity ratio of 1.72. The business has a 50-day moving average price of $17.89 and a two-hundred day moving average price of $19.05.

Suburban Propane Partners (NYSE:SPH) last posted its earnings results on Thursday, August 6th. The energy company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.11). Suburban Propane Partners had a return on equity of 18.57% and a net margin of 9.37%.The business had revenue of $261.38 million for the quarter, compared to analyst estimates of $255.00 million. On average, equities analysts expect that Suburban Propane Partners, L.P. will post 2.05 EPS for the current fiscal year.

Suburban Propane Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, August 4th were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend was Tuesday, August 4th. Suburban Propane Partners’s dividend payout ratio (DPR) is presently 66.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SPH shares. Wall Street Zen cut shares of Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research upgraded shares of Suburban Propane Partners from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Finally, Weiss Ratings downgraded shares of Suburban Propane Partners from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Institutional Investors Weigh In On Suburban Propane Partners

Several institutional investors and hedge funds have recently modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its stake in Suburban Propane Partners by 11.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,175 shares of the energy company’s stock worth $133,000 after acquiring an additional 757 shares in the last quarter. Aristides Capital LLC grew its position in Suburban Propane Partners by 4.3% in the 4th quarter. Aristides Capital LLC now owns 21,174 shares of the energy company’s stock valued at $393,000 after acquiring an additional 880 shares in the last quarter. Wealthstar Advisors LLC increased its stake in Suburban Propane Partners by 4.7% during the second quarter. Wealthstar Advisors LLC now owns 34,162 shares of the energy company’s stock worth $584,000 after purchasing an additional 1,538 shares during the period. Janney Montgomery Scott LLC increased its stake in Suburban Propane Partners by 3.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 54,517 shares of the energy company’s stock worth $1,011,000 after purchasing an additional 1,587 shares during the period. Finally, Compass Financial Management LLC acquired a new stake in shares of Suburban Propane Partners during the second quarter worth about $29,000. Hedge funds and other institutional investors own 30.94% of the company’s stock.

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.