Shrier Wealth Management LLC Buys Shares of 25,517 Suburban Propane Partners, L.P. $SPH

Shrier Wealth Management LLC purchased a new position in shares of Suburban Propane Partners, L.P. (NYSE:SPH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,517 shares of the energy company’s stock, valued at approximately $473,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Founders Capital Management grew its stake in shares of Suburban Propane Partners by 56.4% in the third quarter. Founders Capital Management now owns 1,877 shares of the energy company’s stock valued at $35,000 after buying an additional 677 shares in the last quarter. Triumph Capital Management acquired a new position in Suburban Propane Partners during the 3rd quarter worth about $50,000. Advisory Services Network LLC acquired a new position in Suburban Propane Partners during the 3rd quarter worth about $62,000. Geneos Wealth Management Inc. boosted its holdings in Suburban Propane Partners by 37.7% during the 3rd quarter. Geneos Wealth Management Inc. now owns 3,650 shares of the energy company’s stock valued at $68,000 after acquiring an additional 1,000 shares during the period. Finally, Root Financial Partners LLC acquired a new position in Suburban Propane Partners in the 3rd quarter valued at about $76,000. 30.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Suburban Propane Partners Stock Down 2.4%

Shares of NYSE SPH opened at $19.74 on Wednesday. The stock has a market cap of $1.31 billion, a P/E ratio of 9.72 and a beta of 0.42. The business’s fifty day simple moving average is $20.25 and its 200-day simple moving average is $19.27. Suburban Propane Partners, L.P. has a 12-month low of $17.30 and a 12-month high of $21.72. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 2.11.

Suburban Propane Partners (NYSE:SPH) last released its earnings results on Thursday, February 5th. The energy company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.53 by $0.16. Suburban Propane Partners had a return on equity of 19.94% and a net margin of 9.30%.The firm had revenue of $370.39 million during the quarter, compared to analysts’ expectations of $392.00 million.

Suburban Propane Partners Dividend Announcement

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

Suburban Propane Partners 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.