Suburban Propane Partners, L.P. (NYSE:SPH) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 6.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,770 shares of the energy company’s stock after selling 3,829 shares during the quarter. Invesco Ltd. owned approximately 0.08% of Suburban Propane Partners worth $925,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SPH. Avantax Advisory Services Inc. grew its holdings in Suburban Propane Partners by 2.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 22,750 shares of the energy company’s stock worth $391,000 after buying an additional 480 shares in the last quarter. HM Payson & Co. boosted its position in Suburban Propane Partners by 10.9% during the 4th quarter. HM Payson & Co. now owns 12,200 shares of the energy company’s stock worth $210,000 after acquiring an additional 1,200 shares during the period. Allworth Financial LP increased its holdings in shares of Suburban Propane Partners by 18.7% during the fourth quarter. Allworth Financial LP now owns 9,904 shares of the energy company’s stock valued at $189,000 after purchasing an additional 1,557 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in Suburban Propane Partners by 12.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 14,662 shares of the energy company’s stock worth $252,000 after purchasing an additional 1,601 shares during the period. Finally, Cetera Trust Company N.A bought a new position in Suburban Propane Partners in the 4th quarter valued at about $28,000. 30.94% of the stock is currently owned by institutional investors.

Suburban Propane Partners Price Performance

Shares of NYSE:SPH opened at $20.10 on Friday. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 18.96 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 12 month low of $15.20 and a 12 month high of $22.24. The stock’s 50 day moving average price is $20.48 and its 200 day moving average price is $19.57.

Suburban Propane Partners (NYSE:SPH) last announced its earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 earned $0.38 EPS.

Suburban Propane Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th will be issued a dividend of $0.325 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.47%. Suburban Propane Partners’s dividend payout ratio is currently 122.64%.

Insider Activity at Suburban Propane Partners

In other news, SVP Douglas Brinkworth sold 2,000 shares of Suburban Propane Partners stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $20.50, for a total transaction of $41,000.00. Following the sale, the senior vice president now directly owns 159,355 shares in the company, valued at approximately $3,266,777.50. The trade was a 1.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael A. Schueler sold 7,746 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total value of $162,123.78. Following the completion of the sale, the vice president now owns 11,133 shares in the company, valued at $233,013.69. This trade represents a 41.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

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.