Suburban Propane Partners, L.P. $SPH Shares Purchased by Alps Advisors Inc.

Alps Advisors Inc. boosted its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,051,196 shares of the energy company’s stock after buying an additional 724,170 shares during the quarter. Suburban Propane Partners accounts for about 1.6% of Alps Advisors Inc.’s holdings, making the stock its 11th biggest holding. Alps Advisors Inc. owned approximately 0.23% of Suburban Propane Partners worth $279,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 stake in 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 stake in 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. Bowen Hanes & Co. Inc. boosted its stake in 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 worth $18,948,000 after buying an additional 200,000 shares during the period. Finally, UBS Group AG boosted its stake in Suburban Propane Partners by 32.1% during the fourth quarter. UBS Group AG now owns 466,798 shares of the energy company’s stock worth $8,654,000 after buying an additional 113,396 shares during the period. Hedge funds and other institutional investors own 30.94% of the company’s stock.

Suburban Propane Partners Trading Down 1.0%

NYSE SPH opened at $18.94 on Friday. The firm has a 50 day simple moving average of $19.59 and a 200-day simple moving average of $19.62. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.82 and a current ratio of 1.08. Suburban Propane Partners, L.P. has a one year low of $17.30 and a one year high of $20.80. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 9.52 and a beta of 0.40.

Suburban Propane Partners (NYSE:SPH) last posted its quarterly earnings data on Thursday, May 7th. The energy company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.74 by $0.32. Suburban Propane Partners had a net margin of 9.57% and a return on equity of 19.45%. The business had revenue of $551.21 million during the quarter, compared to analyst estimates of $575.00 million. Equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Tuesday, May 5th were paid 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 6.9%. Suburban Propane Partners’s dividend payout ratio (DPR) is presently 65.33%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Suburban Propane Partners in a research note on Monday, May 18th. Zacks Research lowered shares of Suburban Propane Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently 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.