Sigma Planning Corp Decreases Stake in Suburban Propane Partners, L.P. (NYSE:SPH)

Sigma Planning Corp reduced its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 40.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,017 shares of the energy company’s stock after selling 7,592 shares during the period. Sigma Planning Corp’s holdings in Suburban Propane Partners were worth $196,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Koshinski Asset Management Inc. raised its holdings in Suburban Propane Partners by 100.0% during the fourth quarter. Koshinski Asset Management Inc. now owns 22,000 shares of the energy company’s stock worth $391,000 after purchasing an additional 11,000 shares during the last quarter. Custom Index Systems LLC acquired a new position in shares of Suburban Propane Partners during the 4th quarter worth $1,679,000. Spirit of America Management Corp NY purchased a new stake in shares of Suburban Propane Partners in the 4th quarter worth about $178,000. AdvisorNet Financial Inc grew its stake in Suburban Propane Partners by 16.5% in the 4th quarter. AdvisorNet Financial Inc now owns 4,162 shares of the energy company’s stock valued at $74,000 after acquiring an additional 591 shares during the last quarter. Finally, Wealthstar Advisors LLC purchased a new position in Suburban Propane Partners during the 4th quarter valued at about $505,000. Hedge funds and other institutional investors own 30.94% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Mizuho lowered shares of Suburban Propane Partners from a “neutral” rating to an “underperform” rating and increased their price target for the company from $16.00 to $17.00 in a research 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.

Insider Activity

In related news, SVP Neil Scanlon sold 26,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $19.33, for a total transaction of $502,580.00. Following the transaction, the senior vice president now directly owns 162,129 shares in the company, valued at $3,133,953.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.10% of the company’s stock.

Suburban Propane Partners Stock Performance

Shares of NYSE SPH opened at $20.19 on Tuesday. The company has a 50-day simple moving average of $20.29 and a 200-day simple moving average of $18.68. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.72 and a quick ratio of 0.52. The company has a market cap of $1.29 billion, a PE ratio of 12.70 and a beta of 0.43. Suburban Propane Partners, L.P. has a 12 month low of $14.42 and a 12 month high of $22.33.

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

Suburban Propane Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date is Monday, May 6th. Suburban Propane Partners’s dividend payout ratio is currently 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.