Alps Advisors Inc. Raises Position in Suburban Propane Partners, L.P. (NYSE:SPH)

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

Several other hedge funds have also made changes to their positions in SPH. 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 acquiring an additional 33,560 shares during the last quarter. JPMorgan Chase & Co. raised 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 valued at $11,767,000 after purchasing an additional 40,239 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Suburban Propane Partners during the 4th quarter worth $3,474,000. Lido Advisors LLC raised its stake in Suburban Propane Partners by 13.0% during the 4th quarter. Lido Advisors LLC now owns 169,837 shares of the energy company's stock worth $2,921,000 after acquiring an additional 19,532 shares in the last quarter. Finally, LPL Financial LLC raised its stake in Suburban Propane Partners by 14.7% during the 4th quarter. LPL Financial LLC now owns 127,409 shares of the energy company's stock worth $2,191,000 after acquiring an additional 16,368 shares in the last quarter. Hedge funds and other institutional investors own 30.94% of the company's stock.

Suburban Propane Partners Stock Up 0.4%

NYSE:SPH traded up $0.07 during midday trading on Friday, hitting $18.62. 40,467 shares of the company were exchanged, compared to its average volume of 196,977. The company has a fifty day simple moving average of $18.85 and a 200 day simple moving average of $19.67. 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 current ratio of 1.06, a quick ratio of 0.81 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $1.21 billion, a PE ratio of 12.92 and a beta of 0.16.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $587.66 million for the quarter, compared to analysts' expectations of $548.00 million.

Suburban Propane Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 6.98%. The ex-dividend date was Tuesday, May 6th. Suburban Propane Partners's payout ratio is currently 90.28%.

Insider Transactions at Suburban Propane Partners

In other news, Director Harold R. Logan, Jr. sold 6,900 shares of Suburban Propane Partners stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $19.14, for a total value of $132,066.00. Following the sale, the director owned 39,227 shares of the company's stock, valued at $750,804.78. The trade was a 14.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company's stock.

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.