Suburban Propane Partners (NYSE:SPH) VP Bryon Koepke Sells 2,848 Shares

Suburban Propane Partners, L.P. (NYSE:SPH) VP Bryon Koepke sold 2,848 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $17.65, for a total transaction of $50,267.20. Following the sale, the vice president directly owned 100,714 shares of the company’s stock, valued at approximately $1,777,602.10. The trade was a 2.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Suburban Propane Partners Stock Performance

Shares of SPH opened at $17.61 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.78 and a debt-to-equity ratio of 1.72. The business has a 50-day simple moving average of $17.89 and a two-hundred day simple moving average of $19.04. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 8.98 and a beta of 0.41. Suburban Propane Partners, L.P. has a 52 week low of $16.53 and a 52 week high of $20.80.

Suburban Propane Partners (NYSE:SPH) last released its earnings results on Thursday, August 6th. The energy company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.11). The firm had revenue of $261.38 million during the quarter, compared to analysts’ expectations of $255.00 million. Suburban Propane Partners had a return on equity of 18.57% and a net margin of 9.37%. On average, analysts expect that Suburban Propane Partners, L.P. will post 2.05 EPS for the current year.

Suburban Propane Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Tuesday, August 4th were paid a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.4%. Suburban Propane Partners’s dividend payout ratio is 66.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Alps Advisors Inc. grew its stake in shares of Suburban Propane Partners by 5.1% in the 4th quarter. Alps Advisors Inc. now owns 15,051,196 shares of the energy company’s stock worth $279,049,000 after buying an additional 724,170 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Suburban Propane Partners by 4.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,177,601 shares of the energy company’s stock valued at $77,912,000 after acquiring an additional 192,154 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Suburban Propane Partners by 11.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,370,534 shares of the energy company’s stock valued at $28,795,000 after acquiring an additional 142,547 shares during the last quarter. Jane Street Group LLC purchased a new position in Suburban Propane Partners in the second quarter worth about $2,278,000. Finally, UBS Group AG grew its position in Suburban Propane Partners by 32.1% in the fourth quarter. UBS Group AG now owns 466,798 shares of the energy company’s stock worth $8,654,000 after acquiring an additional 113,396 shares in the last quarter. 30.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SPH. Weiss Ratings lowered shares of Suburban Propane Partners from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 19th. Wall Street Zen cut shares of Suburban Propane Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Zacks Research upgraded shares of Suburban Propane Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Suburban Propane Partners has an average rating of “Buy”.

About Suburban Propane Partners

Suburban Propane Partners L.P. (NYSE: SPH) is a publicly traded master limited partnership headquartered in Whippany, New Jersey, that provides propane and related energy services to residential, commercial, industrial and agricultural customers. As one of the largest propane retailers in the United States, the company delivers propane gas, heating oil, diesel fuel and natural gas throughout its service territories. In addition to fuel distribution, Suburban Propane offers HVAC installation, maintenance and repair services, as well as safety inspections and equipment leasing to support customers’ energy needs.

The company’s core business centers on the delivery of propane for space and water heating, cooking and agricultural applications.