Michael A. Schueler Sells 7,746 Shares of Suburban Propane Partners, L.P. (NYSE:SPH) Stock

Suburban Propane Partners, L.P. (NYSE:SPH) VP Michael A. Schueler sold 7,746 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total value of $162,123.78. Following the transaction, the vice president now owns 11,133 shares in the company, valued at approximately $233,013.69. This trade represents a 41.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Suburban Propane Partners Price Performance

Shares of NYSE:SPH opened at $21.60 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.33 and a debt-to-equity ratio of 2.21. The stock’s fifty day simple moving average is $19.09 and its two-hundred day simple moving average is $18.47. Suburban Propane Partners, L.P. has a 1-year low of $15.20 and a 1-year high of $21.89. The stock has a market cap of $1.39 billion, a PE ratio of 20.37 and a beta of 0.51.

Suburban Propane Partners (NYSE:SPH) last issued its quarterly earnings data on Thursday, February 6th. The energy company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.46). Suburban Propane Partners had a net margin of 5.18% and a return on equity of 11.54%. During the same period in the prior year, the firm earned $0.38 EPS.

Suburban Propane Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend was Tuesday, February 4th. Suburban Propane Partners’s payout ratio is 122.64%.

Institutional Investors Weigh In On Suburban Propane Partners

A number of hedge funds have recently made changes to their positions in the business. Avantax Advisory Services Inc. raised its stake in shares of Suburban Propane Partners by 2.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 22,750 shares of the energy company’s stock worth $391,000 after purchasing an additional 480 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Suburban Propane Partners by 7.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock worth $197,000 after acquiring an additional 800 shares during the last quarter. HM Payson & Co. increased its holdings in Suburban Propane Partners by 10.9% in the 4th quarter. HM Payson & Co. now owns 12,200 shares of the energy company’s stock worth $210,000 after acquiring an additional 1,200 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Suburban Propane Partners by 45.9% in the 4th quarter. NewEdge Advisors LLC now owns 4,650 shares of the energy company’s stock worth $80,000 after acquiring an additional 1,462 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Suburban Propane Partners by 18.7% in the 4th quarter. Allworth Financial LP now owns 9,904 shares of the energy company’s stock worth $189,000 after acquiring an additional 1,557 shares during the last quarter. 30.94% of the stock is currently owned by institutional investors.

About Suburban Propane Partners

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.