Suburban Propane Partners, L.P. (NYSE:SPH) Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. increased its stake in Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) by 16.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,142,616 shares of the energy company's stock after purchasing an additional 2,018,820 shares during the period. Suburban Propane Partners accounts for 1.7% of Alps Advisors Inc.'s portfolio, making the stock its 12th largest position. Alps Advisors Inc. owned approximately 21.93% of Suburban Propane Partners worth $297,136,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Suburban Propane Partners by 1.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,404,228 shares of the energy company's stock worth $58,553,000 after purchasing an additional 33,560 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Suburban Propane Partners by 6.2% in the 4th quarter. JPMorgan Chase & Co. now owns 684,155 shares of the energy company's stock worth $11,767,000 after purchasing an additional 40,239 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Suburban Propane Partners in the 4th quarter worth approximately $3,474,000. Lido Advisors LLC lifted its holdings in shares of Suburban Propane Partners by 13.0% in the 4th quarter. Lido Advisors LLC now owns 169,837 shares of the energy company's stock worth $2,921,000 after purchasing an additional 19,532 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Suburban Propane Partners by 14.7% in the 4th quarter. LPL Financial LLC now owns 127,409 shares of the energy company's stock worth $2,191,000 after purchasing an additional 16,368 shares during the last quarter. Institutional investors own 30.94% of the company's stock.

Insider Buying and Selling

In related news, Director Harold R. Logan, Jr. sold 6,900 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $19.14, for a total value of $132,066.00. Following the sale, the director directly owned 39,227 shares in the company, valued at $750,804.78. This trade represents a 14.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Suburban Propane Partners Stock Performance

Shares of NYSE SPH traded up $0.31 during mid-day trading on Thursday, hitting $18.53. The company had a trading volume of 113,479 shares, compared to its average volume of 197,597. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 12.87 and a beta of 0.16. 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 debt-to-equity ratio of 1.93, a current ratio of 1.06 and a quick ratio of 0.81. The firm's 50 day simple moving average is $18.85 and its two-hundred day simple moving average is $19.67.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.11). Suburban Propane Partners had a return on equity of 15.98% and a net margin of 6.65%. The company had revenue of $587.66 million during the quarter, compared to the consensus estimate of $548.00 million.

Suburban Propane Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were given a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 7.02%. The ex-dividend date was Tuesday, May 6th. Suburban Propane Partners's dividend payout ratio is currently 90.28%.

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.