Cetera Investment Advisers Boosts Position in Suburban Propane Partners, L.P. (NYSE:SPH)

Cetera Investment Advisers boosted its position in Suburban Propane Partners, L.P. (NYSE:SPH) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,977 shares of the energy company’s stock after purchasing an additional 2,941 shares during the period. Cetera Investment Advisers owned about 0.10% of Suburban Propane Partners worth $1,066,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wingate Wealth Advisors Inc. bought a new position in shares of Suburban Propane Partners in the 4th quarter worth approximately $31,000. Vision Financial Markets LLC purchased a new stake in Suburban Propane Partners during the fourth quarter valued at approximately $34,000. Duncker Streett & Co. Inc. bought a new position in Suburban Propane Partners in the fourth quarter worth approximately $34,000. Tandem Financial LLC purchased a new position in shares of Suburban Propane Partners during the 4th quarter worth $39,000. Finally, Independence Bank of Kentucky bought a new stake in shares of Suburban Propane Partners during the 4th quarter valued at $52,000. 30.94% of the stock is currently owned by institutional investors.

Insider Activity

In other Suburban Propane Partners news, SVP Douglas Brinkworth sold 2,000 shares of the company’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 completion of the transaction, the senior vice president now directly owns 159,355 shares in the company, valued at $3,266,777.50. This represents a 1.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Harold R. Logan, Jr. sold 6,900 shares of Suburban Propane Partners stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $19.14, for a total transaction of $132,066.00. Following the sale, the director now owns 39,227 shares in the company, valued at approximately $750,804.78. The trade was a 14.96% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Suburban Propane Partners Trading Up 1.4%

NYSE:SPH opened at $19.13 on Friday. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 18.05 and a beta of 0.18. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.51. The business has a fifty day moving average price of $20.14 and a 200-day moving average price of $19.66. Suburban Propane Partners, L.P. has a one year low of $15.20 and a one year high of $22.24.

Suburban Propane Partners (NYSE:SPH) last released its earnings results on Thursday, May 8th. The energy company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.11). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. The firm had revenue of $587.66 million during the quarter, compared to analysts’ expectations of $548.00 million.

Suburban Propane Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were given a dividend of $0.325 per share. The ex-dividend date was Tuesday, May 6th. This represents a $1.30 annualized dividend and a dividend yield of 6.80%. Suburban Propane Partners’s payout ratio is 90.28%.

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.