Trust Co. of Toledo NA OH Takes Position in Suburban Propane Partners, L.P. $SPH

Trust Co. of Toledo NA OH acquired a new position in shares of Suburban Propane Partners, L.P. (NYSE:SPH) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,556 shares of the energy company’s stock, valued at approximately $103,000.

Several other large investors have also bought and sold shares of SPH. Wealthstar Advisors LLC raised its stake in Suburban Propane Partners by 7.7% during the second quarter. Wealthstar Advisors LLC now owns 36,771 shares of the energy company’s stock worth $681,000 after acquiring an additional 2,635 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Suburban Propane Partners by 9.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 55,404 shares of the energy company’s stock valued at $1,027,000 after purchasing an additional 4,932 shares during the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in Suburban Propane Partners during the 2nd quarter worth approximately $36,000. Wealth Enhancement Advisory Services LLC lifted its stake in Suburban Propane Partners by 7.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 20,063 shares of the energy company’s stock valued at $369,000 after purchasing an additional 1,460 shares during the last quarter. Finally, Smith Asset Management Co. LLC bought a new position in Suburban Propane Partners in the 1st quarter valued at approximately $995,000. 30.94% of the stock is owned by institutional investors and hedge funds.

Suburban Propane Partners Stock Down 1.4%

Suburban Propane Partners stock opened at $18.05 on Monday. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 12.20 and a beta of 0.32. Suburban Propane Partners, L.P. has a 52-week low of $16.92 and a 52-week high of $22.24. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.46 and a current ratio of 0.70. The firm has a 50 day moving average price of $18.46 and a two-hundred day moving average price of $18.96.

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

Suburban Propane Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were given a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.30 annualized dividend and a dividend yield of 7.2%. Suburban Propane Partners’s dividend payout ratio (DPR) is 87.84%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SPH shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Suburban Propane Partners in a report on Wednesday, October 8th. Wall Street Zen cut Suburban Propane Partners from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Suburban Propane Partners currently has a consensus rating of “Hold”.

Suburban Propane Partners Company 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.