Cetera Investment Advisers Sells 2,416 Shares of Suburban Propane Partners, L.P. (NYSE:SPH)

Cetera Investment Advisers trimmed its position in Suburban Propane Partners, L.P. (NYSE:SPH) by 3.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 59,561 shares of the energy company’s stock after selling 2,416 shares during the period. Cetera Investment Advisers owned about 0.09% of Suburban Propane Partners worth $1,251,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Alps Advisors Inc. boosted its position in shares of Suburban Propane Partners by 16.7% in the 1st quarter. Alps Advisors Inc. now owns 14,142,616 shares of the energy company’s stock worth $297,136,000 after purchasing an additional 2,018,820 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Suburban Propane Partners by 275.5% in the 1st quarter. Farther Finance Advisors LLC now owns 1,363 shares of the energy company’s stock worth $29,000 after purchasing an additional 1,000 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Suburban Propane Partners by 6.2% in the 4th quarter. JPMorgan Chase & Co. now owns 684,155 shares of the energy company’s stock worth $11,767,000 after purchasing an additional 40,239 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in shares of Suburban Propane Partners in the 1st quarter worth $217,000. Finally, Lido Advisors LLC boosted its position in shares of Suburban Propane Partners by 13.0% in the 4th quarter. Lido Advisors LLC now owns 169,837 shares of the energy company’s stock worth $2,921,000 after purchasing an additional 19,532 shares during the last quarter. 30.94% of the stock is currently owned by institutional investors.

Suburban Propane Partners Stock Performance

SPH opened at $17.93 on Monday. The business’s 50-day moving average price is $18.48 and its two-hundred day moving average price is $19.72. Suburban Propane Partners, L.P. has a 1 year low of $16.42 and a 1 year high of $22.24. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 12.11 and a beta of 0.19. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.70 and a quick ratio of 0.46.

Suburban Propane Partners (NYSE:SPH) last released its earnings results on Thursday, August 7th. The energy company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06). The company had revenue of $260.15 million during the quarter, compared to analyst estimates of $270.00 million. Suburban Propane Partners had a net margin of 6.79% and a return on equity of 16.12%.

Suburban Propane Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th will be given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Tuesday, August 5th. Suburban Propane Partners’s payout ratio is 87.84%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Saturday.

Insiders Place Their Bets

In other Suburban Propane Partners news, Director Harold R. Logan, Jr. sold 6,900 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $19.14, for a total transaction of $132,066.00. Following the transaction, the director owned 39,227 shares of the company’s stock, valued at $750,804.78. The trade was a 14.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently 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.