Private Advisor Group LLC Acquires Shares of 55,429 Suburban Propane Partners, L.P. (NYSE:SPH)

Private Advisor Group LLC purchased a new position in shares of Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 55,429 shares of the energy company's stock, valued at approximately $849,000. Private Advisor Group LLC owned 0.09% of Suburban Propane Partners at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPH. Antonetti Capital Management LLC acquired a new position in Suburban Propane Partners during the 1st quarter worth approximately $31,000. GPS Wealth Strategies Group LLC acquired a new position in Suburban Propane Partners during the 1st quarter worth approximately $31,000. Spire Wealth Management acquired a new position in Suburban Propane Partners during the 1st quarter worth approximately $31,000. Money Concepts Capital Corp increased its position in Suburban Propane Partners by 391.1% during the 4th quarter. Money Concepts Capital Corp now owns 2,087 shares of the energy company's stock worth $32,000 after purchasing an additional 1,662 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Suburban Propane Partners by 194.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,273 shares of the energy company's stock worth $35,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 17.49% of the company's stock.

A number of research firms recently issued reports on SPH. Mizuho lowered their price objective on shares of Suburban Propane Partners from $17.00 to $16.00 in a research report on Thursday, June 29th. StockNews.com began coverage on shares of Suburban Propane Partners in a research report on Thursday, August 17th. They issued a "buy" rating for the company.

View Our Latest Analysis on SPH

In other news, Director Harold R. Logan, Jr. sold 4,400 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $14.55, for a total transaction of $64,020.00. Following the completion of the sale, the director now directly owns 42,515 shares in the company, valued at $618,593.25. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by corporate insiders.

SPH opened at $14.56 on Wednesday. Suburban Propane Partners, L.P. has a twelve month low of $14.42 and a twelve month high of $17.06. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 2.08. The company has a fifty day moving average of $14.76 and a 200-day moving average of $15.04. The stock has a market cap of $924.71 million, a PE ratio of 10.47 and a beta of 0.64.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.08) earnings per share for the quarter. Suburban Propane Partners had a return on equity of 16.35% and a net margin of 6.28%. The firm had revenue of $278.63 million for the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 8th. Stockholders of record on Tuesday, August 1st were given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 8.93%. The ex-dividend date of this dividend was Monday, July 31st. Suburban Propane Partners's dividend payout ratio (DPR) is presently 93.53%.

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane for space heating, water heating, cooking, and clothes drying in the residential and commercial markets; for use as a motor fuel in internal combustion engines to power over-the-road vehicles, forklifts, and stationary engines, as well as to fire furnaces as a cutting gas to the industrial customers; and for tobacco curing, crop drying, poultry brooding, and weed control in the agricultural markets.

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