MGO One Seven LLC bought a new stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 17,730 shares of the energy company's stock, valued at approximately $305,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avantax Advisory Services Inc. lifted its position in shares of Suburban Propane Partners by 2.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 22,750 shares of the energy company's stock worth $391,000 after purchasing an additional 480 shares in the last quarter. HM Payson & Co. grew its stake in shares of Suburban Propane Partners by 10.9% during the fourth quarter. HM Payson & Co. now owns 12,200 shares of the energy company's stock valued at $210,000 after acquiring an additional 1,200 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Suburban Propane Partners by 45.9% in the fourth quarter. NewEdge Advisors LLC now owns 4,650 shares of the energy company's stock worth $80,000 after acquiring an additional 1,462 shares in the last quarter. Allworth Financial LP increased its holdings in Suburban Propane Partners by 18.7% during the 4th quarter. Allworth Financial LP now owns 9,904 shares of the energy company's stock worth $189,000 after purchasing an additional 1,557 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in shares of Suburban Propane Partners by 12.3% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 30.94% of the company's stock.
Suburban Propane Partners Stock Up 0.2 %
SPH traded up $0.04 during trading on Monday, hitting $20.53. The company had a trading volume of 29,320 shares, compared to its average volume of 237,442. The company has a market cap of $1.32 billion, a PE ratio of 19.40 and a beta of 0.22. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.51. Suburban Propane Partners, L.P. has a 1-year low of $15.20 and a 1-year high of $22.24. The business has a 50-day moving average of $20.48 and a 200-day moving average of $19.60.
Suburban Propane Partners (NYSE:SPH - Get Free Report) last issued its 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 return on equity of 11.81% and a net margin of 5.18%. During the same period last year, the business posted $0.38 earnings per share.
Suburban Propane Partners Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th will be given a dividend of $0.325 per share. The ex-dividend date is Tuesday, May 6th. This represents a $1.30 dividend on an annualized basis and a yield of 6.33%. Suburban Propane Partners's dividend payout ratio is currently 122.64%.
Insider Buying and Selling
In related news, SVP Douglas Brinkworth sold 2,000 shares of the firm'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 value of $41,000.00. Following the sale, the senior vice president now directly owns 159,355 shares in the company, valued at $3,266,777.50. This trade represents a 1.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael A. Schueler sold 7,746 shares of the business's stock in a transaction 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 transaction, the vice president now owns 11,133 shares of the company's stock, valued at $233,013.69. This trade represents a 41.03 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
Suburban Propane Partners Profile
(
Free Report)
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.
Read More
Before you consider Suburban Propane Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Suburban Propane Partners wasn't on the list.
While Suburban Propane Partners currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
