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

Suburban Propane Partners, L.P. (NYSE:SPH) VP Bryon Koepke sold 2,848 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was 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 $1,777,602.10. This represents a 2.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Suburban Propane Partners Price Performance

Shares of NYSE:SPH opened at $17.57 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.52 and a debt-to-equity ratio of 1.72. The stock’s fifty day simple moving average is $17.90 and its two-hundred day simple moving average is $19.02. Suburban Propane Partners, L.P. has a 1-year low of $16.53 and a 1-year high of $20.80. The stock has a market cap of $1.17 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 2.14 and a beta of 0.41.

Suburban Propane Partners (NYSE:SPH) last announced its 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). The business had revenue of $261.38 million during the quarter, compared to analysts’ expectations of $255.00 million. Suburban Propane Partners had a return on equity of 18.57% and a net margin of 9.37%. As a group, analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Tuesday, August 4th were given a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.30 annualized dividend and a dividend yield of 7.4%. Suburban Propane Partners’s payout ratio is 66.33%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. grew its position in shares of Suburban Propane Partners by 5.1% in the 4th quarter. Alps Advisors Inc. now owns 15,051,196 shares of the energy company’s stock worth $279,049,000 after buying 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 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,177,601 shares of the energy company’s stock valued at $77,912,000 after purchasing an additional 192,154 shares during the period. Goldman Sachs Group Inc. increased its position in Suburban Propane Partners by 11.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,370,534 shares of the energy company’s stock valued at $28,795,000 after purchasing an additional 142,547 shares during the period. Jane Street Group LLC purchased a new stake in shares of Suburban Propane Partners in the 2nd quarter worth about $2,278,000. Finally, UBS Group AG boosted its stake in shares of Suburban Propane Partners by 32.1% during the 4th quarter. UBS Group AG now owns 466,798 shares of the energy company’s stock valued at $8,654,000 after purchasing an additional 113,396 shares in the last quarter. 30.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.