Private Portfolio Partners LLC Has $488,000 Stake in Suburban Propane Partners, L.P. (NYSE:SPH)

Private Portfolio Partners LLC boosted its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 85.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 28,359 shares of the energy company’s stock after purchasing an additional 13,065 shares during the quarter. Private Portfolio Partners LLC’s holdings in Suburban Propane Partners were worth $488,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Suburban Propane Partners in the 4th quarter worth about $24,340,000. JPMorgan Chase & Co. grew its stake 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 buying an additional 155,360 shares during the last quarter. Levin Capital Strategies L.P. grew its stake in Suburban Propane Partners by 10.3% during the fourth quarter. Levin Capital Strategies L.P. now owns 194,186 shares of the energy company’s stock worth $3,340,000 after buying an additional 18,196 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Suburban Propane Partners during the fourth quarter worth approximately $251,000. Finally, Wealthstar Advisors LLC bought a new position in shares of Suburban Propane Partners in the fourth quarter valued at approximately $554,000. 30.94% of the stock is currently owned by institutional investors and hedge funds.

Suburban Propane Partners Stock Up 1.3 %

NYSE SPH opened at $21.72 on Thursday. The stock’s 50 day simple moving average is $20.92 and its 200 day simple moving average is $19.24. Suburban Propane Partners, L.P. has a one year low of $15.20 and a one year high of $22.24. The firm has a market cap of $1.40 billion, a PE ratio of 20.49 and a beta of 0.46. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.51.

Suburban Propane Partners (NYSE:SPH) last announced its earnings results on Thursday, February 6th. The energy company reported $0.30 EPS for the quarter, missing the consensus estimate 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 in the prior year, the firm posted $0.38 EPS.

Suburban Propane Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were given a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 5.99%. The ex-dividend date was Tuesday, February 4th. Suburban Propane Partners’s payout ratio is presently 122.64%.

Insiders Place Their Bets

In other news, SVP Douglas Brinkworth sold 2,000 shares of Suburban Propane Partners stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $20.50, for a total value of $41,000.00. Following the completion of the sale, the senior vice president now directly owns 159,355 shares of the company’s stock, valued at approximately $3,266,777.50. This trade represents a 1.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael A. Schueler sold 7,746 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total value of $162,123.78. Following 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 position. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

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.