Suburban Propane Partners, L.P. (NYSE:SPH) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 2.2% during the fourth quarter, HoldingsChannel reports. The firm owned 22,750 shares of the energy company’s stock after purchasing an additional 480 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Suburban Propane Partners were worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Suburban Propane Partners during the fourth quarter valued at $24,340,000. JPMorgan Chase & Co. boosted its stake in shares of Suburban Propane Partners by 31.8% in 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 holdings 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 acquiring an additional 18,196 shares during the period. Wealthstar Advisors LLC purchased a new position in Suburban Propane Partners during the fourth quarter valued at approximately $554,000. Finally, Captrust Financial Advisors acquired a new position in Suburban Propane Partners in the third quarter valued at approximately $270,000. Hedge funds and other institutional investors own 30.94% of the company’s stock.

Insider Activity

In other Suburban Propane Partners news, SVP Douglas Brinkworth sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $20.50, for a total transaction of $41,000.00. Following the completion of the sale, the senior vice president now directly owns 159,355 shares in the company, valued at approximately $3,266,777.50. The trade was 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 stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total value of $162,123.78. Following the transaction, the vice president now directly owns 11,133 shares of the company’s stock, valued at $233,013.69. The trade was a 41.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Suburban Propane Partners Price Performance

Shares of NYSE SPH opened at $20.84 on Tuesday. 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 stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 19.66 and a beta of 0.46. The firm’s 50 day simple moving average is $20.67 and its 200-day simple moving average is $19.08. Suburban Propane Partners, L.P. has a 12 month low of $15.20 and a 12 month high of $22.24.

Suburban Propane Partners (NYSE:SPH) last released its quarterly 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 net margin of 5.18% and a return on equity of 11.81%. During the same quarter last year, the business posted $0.38 EPS.

Suburban Propane Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date of this dividend was Tuesday, February 4th. Suburban Propane Partners’s dividend payout ratio (DPR) 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.