Blackstone Inc. Sells 18,434 Shares of Suburban Propane Partners, L.P. (NYSE:SPH)

Blackstone Inc. cut its stake in Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 412,061 shares of the energy company's stock after selling 18,434 shares during the period. Blackstone Inc. owned approximately 0.64% of Suburban Propane Partners worth $7,087,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Lido Advisors LLC boosted its holdings in shares of Suburban Propane Partners by 13.0% during the 4th quarter. Lido Advisors LLC now owns 169,837 shares of the energy company's stock valued at $2,921,000 after acquiring an additional 19,532 shares in the last quarter. MGO One Seven LLC bought a new position in Suburban Propane Partners during the fourth quarter worth $305,000. NewEdge Advisors LLC boosted its position in shares of Suburban Propane Partners by 45.9% during the 4th quarter. NewEdge Advisors LLC now owns 4,650 shares of the energy company's stock valued at $80,000 after purchasing an additional 1,462 shares in the last quarter. Mariner LLC increased its stake in shares of Suburban Propane Partners by 28.4% in the 4th quarter. Mariner LLC now owns 33,682 shares of the energy company's stock valued at $579,000 after acquiring an additional 7,441 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Suburban Propane Partners during the fourth quarter valued at about $3,474,000. Institutional investors own 30.94% of the company's stock.

Insider Buying and Selling

In other Suburban Propane Partners news, SVP Douglas Brinkworth sold 2,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $20.50, for a total transaction of $41,000.00. Following the sale, the senior vice president now owns 159,355 shares in the company, valued at $3,266,777.50. This trade represents a 1.24 % 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, VP Michael A. Schueler sold 7,746 shares of the business's stock in a transaction that occurred 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 completion of the sale, the vice president now 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. 2.10% of the stock is currently owned by corporate insiders.

Suburban Propane Partners Stock Up 0.2 %

Suburban Propane Partners stock traded up $0.03 during mid-day trading on Friday, reaching $18.90. The stock had a trading volume of 219,469 shares, compared to its average volume of 199,543. The stock's 50-day simple moving average is $20.37 and its 200-day simple moving average is $19.63. Suburban Propane Partners, L.P. has a fifty-two week low of $15.20 and a fifty-two week high of $22.24. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.51 and a current ratio of 0.70. The firm has a market capitalization of $1.22 billion, a PE ratio of 17.83 and a beta of 0.18.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.11). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. The company had revenue of $587.66 million during the quarter, compared to analysts' expectations of $548.00 million.

Suburban Propane Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th will be given a $0.325 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $1.30 annualized dividend and a yield of 6.88%. Suburban Propane Partners's dividend payout ratio is currently 122.64%.

Suburban Propane Partners Company 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.