UBS Group AG Increases Stock Position in Suburban Propane Partners, L.P. $SPH

UBS Group AG lifted its holdings in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 32.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 466,798 shares of the energy company’s stock after buying an additional 113,396 shares during the quarter. UBS Group AG’s holdings in Suburban Propane Partners were worth $8,654,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Founders Capital Management boosted its stake in Suburban Propane Partners by 56.4% in the 3rd quarter. Founders Capital Management now owns 1,877 shares of the energy company’s stock worth $35,000 after purchasing an additional 677 shares during the period. Triumph Capital Management bought a new position in Suburban Propane Partners in the 3rd quarter worth about $50,000. Advisory Services Network LLC bought a new position in Suburban Propane Partners in the 3rd quarter worth about $62,000. Root Financial Partners LLC bought a new position in Suburban Propane Partners in the 3rd quarter worth about $76,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Suburban Propane Partners by 91.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 4,440 shares of the energy company’s stock worth $81,000 after purchasing an additional 2,121 shares during the period. Institutional investors own 30.94% of the company’s stock.

Wall Street Analyst Weigh In

SPH has been the subject of several analyst reports. Weiss Ratings upgraded Suburban Propane Partners from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, February 18th. Argus upgraded Suburban Propane Partners to a “strong-buy” rating in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded Suburban Propane Partners from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Suburban Propane Partners Stock Performance

NYSE:SPH opened at $20.05 on Monday. The business’s 50-day moving average price is $19.87 and its two-hundred day moving average price is $19.48. Suburban Propane Partners, L.P. has a twelve month low of $17.30 and a twelve month high of $20.80. The stock has a market cap of $1.33 billion, a P/E ratio of 10.08 and a beta of 0.42. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 1.69.

Suburban Propane Partners (NYSE:SPH) last released its quarterly earnings results on Thursday, May 7th. The energy company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.32. Suburban Propane Partners had a return on equity of 19.45% and a net margin of 9.57%.The firm had revenue of $551.21 million for the quarter, compared to analysts’ expectations of $575.00 million. As a group, equities analysts predict that Suburban Propane Partners, L.P. will post 1.8 EPS for the current fiscal year.

Suburban Propane Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Tuesday, May 5th were issued a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.30 annualized dividend and a dividend yield of 6.5%. Suburban Propane Partners’s dividend payout ratio (DPR) is presently 65.33%.

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.