Suburban Propane Partners (NYSE:SPH) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Suburban Propane Partners, L.P. (NYSE:SPH) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.27 and traded as high as $20.27. Suburban Propane Partners shares last traded at $19.7350, with a volume of 169,285 shares.

Wall Street Analyst Weigh In

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

Suburban Propane Partners Stock Down 2.0%

The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.61 and a current ratio of 0.87. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 9.65 and a beta of 0.44. The stock’s fifty day moving average is $20.25 and its two-hundred day moving average is $19.27.

Suburban Propane Partners (NYSE:SPH) last released its quarterly earnings results 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. The business had revenue of $370.39 million during the quarter, compared to the consensus estimate of $392.00 million. Suburban Propane Partners had a return on equity of 19.94% and a net margin of 9.30%.

Suburban Propane Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Tuesday, February 3rd were issued a dividend of $0.325 per share. The ex-dividend date was Tuesday, February 3rd. This represents a $1.30 annualized dividend and a yield of 6.6%. Suburban Propane Partners’s dividend payout ratio is 64.04%.

Hedge Funds Weigh In On Suburban Propane Partners

Large investors have recently bought and sold shares of the stock. Alps Advisors Inc. grew its stake in shares of Suburban Propane Partners by 3.1% in the 3rd quarter. Alps Advisors Inc. now owns 14,327,026 shares of the energy company’s stock worth $267,199,000 after acquiring an additional 433,748 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 valued at $23,465,000 after purchasing an additional 199,693 shares during the last quarter. Bowen Hanes & Co. Inc. lifted its position in shares of 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 valued at $18,948,000 after purchasing an additional 200,000 shares in the last quarter. ING Groep NV boosted its holdings in Suburban Propane Partners by 49.4% during the third quarter. ING Groep NV now owns 118,000 shares of the energy company’s stock worth $2,201,000 after purchasing an additional 39,000 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in Suburban Propane Partners by 88.1% during the second quarter. Osaic Holdings Inc. now owns 61,748 shares of the energy company’s stock worth $1,144,000 after purchasing an additional 28,921 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. (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.