Levin Capital Strategies L.P. Has $5.80 Million Position in Suburban Propane Partners, L.P. (NYSE:SPH)

Levin Capital Strategies L.P. lessened its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) by 25.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 326,523 shares of the energy company's stock after selling 109,268 shares during the quarter. Levin Capital Strategies L.P. owned about 0.51% of Suburban Propane Partners worth $5,799,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc grew its holdings in Suburban Propane Partners by 16.5% during the 4th quarter. AdvisorNet Financial Inc now owns 4,162 shares of the energy company's stock valued at $74,000 after buying an additional 591 shares during the last quarter. Spirit of America Management Corp NY acquired a new stake in Suburban Propane Partners during the 4th quarter valued at $178,000. Archer Investment Corp grew its holdings in Suburban Propane Partners by 57.2% during the 3rd quarter. Archer Investment Corp now owns 11,000 shares of the energy company's stock valued at $177,000 after buying an additional 4,003 shares during the last quarter. Lincoln National Corp acquired a new stake in Suburban Propane Partners during the 3rd quarter valued at $183,000. Finally, Sigma Planning Corp grew its holdings in Suburban Propane Partners by 3.4% during the 3rd quarter. Sigma Planning Corp now owns 18,609 shares of the energy company's stock valued at $299,000 after buying an additional 616 shares during the last quarter. Institutional investors and hedge funds own 30.94% of the company's stock.

Insider Buying and Selling at Suburban Propane Partners

In other Suburban Propane Partners news, SVP Neil Scanlon sold 26,000 shares of the firm's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $19.33, for a total value of $502,580.00. Following the transaction, the senior vice president now directly owns 162,129 shares of the company's stock, valued at $3,133,953.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Mizuho cut Suburban Propane Partners from a "neutral" rating to an "underperform" rating and increased their target price for the company from $16.00 to $17.00 in a report on Monday, January 29th. StockNews.com cut Suburban Propane Partners from a "buy" rating to a "hold" rating in a report on Thursday, January 18th.

Suburban Propane Partners Trading Down 0.4 %

Shares of SPH stock traded down $0.07 during mid-day trading on Thursday, hitting $19.82. 157,919 shares of the company's stock were exchanged, compared to its average volume of 301,514. Suburban Propane Partners, L.P. has a fifty-two week low of $14.42 and a fifty-two week high of $22.33. The stock has a 50-day simple moving average of $20.25 and a two-hundred day simple moving average of $18.72. The company has a quick ratio of 0.52, a current ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 12.47 and a beta of 0.44.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last issued its earnings results on Thursday, February 8th. The energy company reported $0.38 earnings per share for the quarter. The business had revenue of $365.83 million for the quarter. Suburban Propane Partners had a return on equity of 17.97% and a net margin of 7.36%.

Suburban Propane Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be given a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 6.56%. The ex-dividend date is Monday, May 6th. Suburban Propane Partners's dividend payout ratio (DPR) is presently 81.76%.

Suburban Propane Partners 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.