Raymond James Financial Inc. Takes $3.47 Million Position in Suburban Propane Partners, L.P. (NYSE:SPH)

Raymond James Financial Inc. purchased a new position in Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 202,006 shares of the energy company's stock, valued at approximately $3,474,000. Raymond James Financial Inc. owned about 0.31% of Suburban Propane Partners as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Suburban Propane Partners by 31.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 643,916 shares of the energy company's stock valued at $11,552,000 after buying an additional 155,360 shares during the last quarter. Cetera Trust Company N.A purchased a new stake in Suburban Propane Partners during the fourth quarter valued at about $28,000. Independence Bank of Kentucky bought a new position in Suburban Propane Partners during the fourth quarter worth about $52,000. Stratos Wealth Partners LTD. raised its position in shares of Suburban Propane Partners by 12.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 14,662 shares of the energy company's stock valued at $252,000 after purchasing an additional 1,601 shares during the period. Finally, Tandem Financial LLC purchased a new stake in shares of Suburban Propane Partners during the 4th quarter valued at approximately $39,000. 30.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Suburban Propane Partners

In other Suburban Propane Partners news, VP Michael A. Schueler sold 7,746 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total transaction of $162,123.78. Following the sale, the vice president now owns 11,133 shares in the company, valued at $233,013.69. This trade represents a 41.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Douglas Brinkworth sold 2,000 shares of the company's stock in a transaction dated 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 transaction, the senior vice president now owns 159,355 shares of the company's stock, valued at $3,266,777.50. The trade was a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Suburban Propane Partners Stock Performance

SPH traded up $0.27 on Friday, hitting $20.31. The company's stock had a trading volume of 11,009 shares, compared to its average volume of 198,565. The firm has a market cap of $1.31 billion, a P/E ratio of 19.16 and a beta of 0.22. Suburban Propane Partners, L.P. has a 12 month low of $15.20 and a 12 month high of $22.24. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 2.39. The company's 50 day simple moving average is $20.48 and its 200-day simple moving average is $19.57.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last issued its quarterly earnings data 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 in the previous year, the firm posted $0.38 EPS.

Suburban Propane Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th will be given a dividend of $0.325 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.40%. Suburban Propane Partners's dividend payout ratio (DPR) is presently 122.64%.

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.