Suburban Propane Partners (NYSE:SPH) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Suburban Propane Partners, L.P. (NYSE:SPH) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.19 and traded as high as $20.52. Suburban Propane Partners shares last traded at $20.2970, with a volume of 109,819 shares.

Analysts Set New Price Targets

A number of equities analysts recently commented on SPH shares. Argus raised Suburban Propane Partners to a “strong-buy” rating in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Suburban Propane Partners to a “hold” rating in a report on Friday, January 23rd. Finally, Weiss Ratings upgraded shares of Suburban Propane Partners from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Suburban Propane Partners Stock Performance

The company has a 50-day moving average price of $20.11 and a two-hundred day moving average price of $19.19. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $1.35 billion, a P/E ratio of 10.00 and a beta of 0.42.

Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings data on Thursday, February 5th. The energy company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.16. Suburban Propane Partners had a return on equity of 19.94% and a net margin of 9.30%.The company had revenue of $370.39 million for the quarter, compared to the consensus estimate of $392.00 million.

Suburban Propane Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Tuesday, February 3rd were paid a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a $1.30 annualized dividend and a yield of 6.4%. Suburban Propane Partners’s payout ratio is 64.04%.

Institutional Trading of Suburban Propane Partners

Several large investors have recently modified their holdings of SPH. Alps Advisors Inc. increased its stake in shares of Suburban Propane Partners by 5.1% in the 4th quarter. Alps Advisors Inc. now owns 15,051,196 shares of the energy company’s stock valued at $279,049,000 after acquiring an additional 724,170 shares in the last quarter. Bowen Hanes & Co. Inc. boosted its stake in Suburban Propane Partners by 24.5% during the third quarter. Bowen Hanes & Co. Inc. now owns 1,016,000 shares of the energy company’s stock worth $18,948,000 after acquiring an additional 200,000 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Suburban Propane Partners by 18.7% in the second quarter. JPMorgan Chase & Co. now owns 1,266,303 shares of the energy company’s stock worth $23,465,000 after purchasing an additional 199,693 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Suburban Propane Partners by 4.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,177,601 shares of the energy company’s stock worth $77,912,000 after purchasing an additional 192,154 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Suburban Propane Partners by 11.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,370,534 shares of the energy company’s stock valued at $28,795,000 after purchasing an additional 142,547 shares in the last quarter. Institutional investors and hedge funds own 30.94% of the company’s stock.

Suburban Propane Partners Company Profile

Suburban Propane Partners L.P. (NYSE: SPH) is a publicly traded master limited partnership headquartered in Whippany, New Jersey, that provides propane and related energy services to residential, commercial, industrial and agricultural customers. As one of the largest propane retailers in the United States, the company delivers propane gas, heating oil, diesel fuel and natural gas throughout its service territories. In addition to fuel distribution, Suburban Propane offers HVAC installation, maintenance and repair services, as well as safety inspections and equipment leasing to support customers’ energy needs.

The company’s core business centers on the delivery of propane for space and water heating, cooking and agricultural applications.