1,800 Shares in Suburban Propane Partners, L.P. (NYSE:SPH) Purchased by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. purchased a new stake in Suburban Propane Partners, L.P. (NYSE:SPH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,800 shares of the energy company’s stock, valued at approximately $31,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SPH. Cetera Trust Company N.A purchased a new stake in Suburban Propane Partners in the fourth quarter valued at approximately $28,000. Tandem Financial LLC acquired a new position in shares of Suburban Propane Partners in the 4th quarter valued at $39,000. Independence Bank of Kentucky purchased a new stake in shares of Suburban Propane Partners during the 4th quarter valued at $52,000. Oppenheimer & Co. Inc. increased its holdings in shares of Suburban Propane Partners by 7.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock worth $197,000 after buying an additional 800 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in shares of Suburban Propane Partners by 12.3% in the 4th quarter. Stratos Wealth Partners LTD. now owns 14,662 shares of the energy company’s stock worth $252,000 after buying an additional 1,601 shares during the period. Institutional investors and hedge funds own 30.94% of the company’s stock.

Suburban Propane Partners Price Performance

Shares of Suburban Propane Partners stock opened at $21.20 on Wednesday. The stock has a market capitalization of $1.37 billion, a P/E ratio of 20.00 and a beta of 0.51. The company has a current ratio of 0.51, a quick ratio of 0.33 and a debt-to-equity ratio of 2.21. The business’s fifty day moving average price is $18.95 and its 200 day moving average price is $18.40. Suburban Propane Partners, L.P. has a twelve month low of $15.20 and a twelve month high of $21.89.

Suburban Propane Partners (NYSE:SPH) last issued its earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 11.54% and a net margin of 5.18%. During the same period in the previous year, the firm posted $0.38 EPS.

Suburban Propane Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were issued a dividend of $0.325 per share. The ex-dividend date was Tuesday, February 4th. This represents a $1.30 annualized dividend and a dividend yield of 6.13%. Suburban Propane Partners’s payout ratio is 122.64%.

Insider Buying and Selling

In related news, VP A Davin Dambrosio sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $18.90, for a total transaction of $122,850.00. Following the transaction, the vice president now directly owns 76,176 shares of the company’s stock, valued at approximately $1,439,726.40. The trade was a 7.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Craig Palleschi sold 2,800 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $17.72, for a total transaction of $49,616.00. Following the completion of the sale, the vice president now directly owns 21,898 shares of the company’s stock, valued at $388,032.56. This trade represents a 11.34 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate 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.