Koshinski Asset Management Inc. Acquires 11,000 Shares of Suburban Propane Partners, L.P. (NYSE:SPH)

Koshinski Asset Management Inc. grew its holdings in Suburban Propane Partners, L.P. (NYSE:SPH) by 100.0% during the 4th quarter, HoldingsChannel reports. The firm owned 22,000 shares of the energy company’s stock after purchasing an additional 11,000 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Suburban Propane Partners were worth $391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Money Concepts Capital Corp increased its stake in shares of Suburban Propane Partners by 391.1% in the 4th quarter. Money Concepts Capital Corp now owns 2,087 shares of the energy company’s stock valued at $32,000 after purchasing an additional 1,662 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Suburban Propane Partners by 194.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,273 shares of the energy company’s stock valued at $35,000 after purchasing an additional 1,500 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of Suburban Propane Partners by 26.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 3,571 shares of the energy company’s stock valued at $57,000 after purchasing an additional 753 shares during the last quarter. Credit Suisse AG bought a new position in shares of Suburban Propane Partners in the 2nd quarter valued at $101,000. Finally, Cetera Investment Advisers bought a new position in shares of Suburban Propane Partners in the 4th quarter valued at $161,000. Institutional investors own 30.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Mizuho lowered Suburban Propane Partners from a “neutral” rating to an “underperform” rating and lifted their price target for the company from $16.00 to $17.00 in a research note on Monday, January 29th. StockNews.com downgraded Suburban Propane Partners from a “buy” rating to a “hold” rating in a report on Thursday, January 18th.

Insiders Place Their Bets

In other Suburban Propane Partners news, SVP Neil Scanlon sold 26,000 shares of Suburban Propane Partners stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $19.33, for a total transaction of $502,580.00. Following the transaction, the senior vice president now directly owns 162,129 shares of the company’s stock, valued at approximately $3,133,953.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

Suburban Propane Partners Trading Down 2.8 %

NYSE SPH opened at $19.29 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.72 and a debt-to-equity ratio of 2.26. Suburban Propane Partners, L.P. has a twelve month low of $14.42 and a twelve month high of $22.33. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 12.13 and a beta of 0.43. The business’s fifty day moving average is $20.35 and its 200 day moving average is $18.42.

Suburban Propane Partners (NYSE:SPH) last released its quarterly earnings data on Thursday, February 8th. The energy company reported $0.38 earnings per share for the quarter. Suburban Propane Partners had a return on equity of 17.97% and a net margin of 7.36%. The company had revenue of $365.83 million for the quarter.

Suburban Propane Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were issued a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 6.74%. The ex-dividend date was Monday, February 5th. Suburban Propane Partners’s payout ratio is presently 81.76%.

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.