Insider Selling: Suburban Propane Partners (NYSE:SPH) VP Sells $50,267.20 in Stock

Suburban Propane Partners, L.P. (NYSE:SPH) VP Bryon Koepke sold 2,848 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $17.65, for a total transaction of $50,267.20. Following the completion of the transaction, the vice president owned 100,714 shares in the company, valued at $1,777,602.10. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Suburban Propane Partners Stock Performance

Suburban Propane Partners stock opened at $17.50 on Friday. The firm has a 50 day simple moving average of $17.91 and a 200-day simple moving average of $19.00. Suburban Propane Partners, L.P. has a 1-year low of $16.53 and a 1-year high of $20.80. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.78 and a quick ratio of 0.52. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 2.14 and a beta of 0.41.

Suburban Propane Partners (NYSE:SPH) last released its quarterly earnings results on Thursday, August 6th. The energy company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.11). Suburban Propane Partners had a net margin of 9.37% and a return on equity of 18.57%. The firm had revenue of $261.38 million for the quarter, compared to analysts’ expectations of $255.00 million. On average, analysts expect that Suburban Propane Partners, L.P. will post 2.05 EPS for the current year.

Suburban Propane Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, August 4th were paid a dividend of $0.325 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.30 annualized dividend and a yield of 7.4%. Suburban Propane Partners’s dividend payout ratio (DPR) is 66.33%.

Institutional Trading of Suburban Propane Partners

Several institutional investors have recently added to or reduced their stakes in SPH. Alps Advisors Inc. raised its position in Suburban Propane Partners by 5.1% in the fourth quarter. Alps Advisors Inc. now owns 15,051,196 shares of the energy company’s stock valued at $279,049,000 after purchasing an additional 724,170 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Suburban Propane Partners by 4.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,177,601 shares of the energy company’s stock worth $77,912,000 after buying an additional 192,154 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Suburban Propane Partners by 11.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,370,534 shares of the energy company’s stock worth $28,795,000 after buying an additional 142,547 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Suburban Propane Partners by 4.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,314,268 shares of the energy company’s stock worth $24,367,000 after buying an additional 61,818 shares during the period. Finally, UBS Group AG grew its stake in shares of Suburban Propane Partners by 32.1% in the fourth quarter. UBS Group AG now owns 466,798 shares of the energy company’s stock valued at $8,654,000 after buying an additional 113,396 shares in the last quarter. Institutional investors and hedge funds own 30.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SPH. Zacks Research raised Suburban Propane Partners from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Wall Street Zen downgraded Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings lowered shares of Suburban Propane Partners from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Suburban Propane Partners presently has an average rating of “Buy”.

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.