Duncker Streett & Co. Inc. Buys New Shares in Suburban Propane Partners, L.P. (NYSE:SPH)

Duncker Streett & Co. Inc. acquired a new position in shares of Suburban Propane Partners, L.P. (NYSE:SPH) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 2,000 shares of the energy company’s stock, valued at approximately $34,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPH. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Suburban Propane Partners during the fourth quarter worth $24,340,000. JPMorgan Chase & Co. boosted its position in Suburban Propane Partners by 31.8% during the third quarter. JPMorgan Chase & Co. now owns 643,916 shares of the energy company’s stock worth $11,552,000 after purchasing an additional 155,360 shares during the period. Wealthstar Advisors LLC bought a new position in Suburban Propane Partners during the fourth quarter worth $554,000. Captrust Financial Advisors bought a new position in Suburban Propane Partners during the third quarter worth $270,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Suburban Propane Partners by 39.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 24,700 shares of the energy company’s stock worth $425,000 after purchasing an additional 7,000 shares during the period. 30.94% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Michael A. Schueler sold 7,746 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total value of $162,123.78. Following the completion of the sale, the vice president now owns 11,133 shares of the company’s stock, valued at approximately $233,013.69. The trade was a 41.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

Suburban Propane Partners Trading Up 0.3 %

SPH stock opened at $20.76 on Monday. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.51. The company has a fifty day moving average price of $19.71 and a two-hundred day moving average price of $18.75. Suburban Propane Partners, L.P. has a one year low of $15.20 and a one year high of $22.24. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 19.58 and a beta of 0.51.

Suburban Propane Partners (NYSE:SPH) last posted its earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. During the same period last year, the company posted $0.38 EPS.

Suburban Propane Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were given a $0.325 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.26%. Suburban Propane Partners’s payout ratio is presently 122.64%.

Suburban Propane Partners 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.