BB&T Securities LLC Sells 9,851 Shares of Suburban Propane Partners, L.P. (SPH)
BB&T Securities LLC cut its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 46.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,585 shares of the energy company’s stock after selling 9,851 shares during the quarter. BB&T Securities LLC’s holdings in Suburban Propane Partners were worth $302,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bruderman Asset Management LLC acquired a new position in Suburban Propane Partners during the 2nd quarter worth about $121,000. Corbenic Partners LLC raised its position in shares of Suburban Propane Partners by 0.3% in the 2nd quarter. Corbenic Partners LLC now owns 7,527 shares of the energy company’s stock worth $179,000 after acquiring an additional 21 shares in the last quarter. Legacy Advisors LLC bought a new position in shares of Suburban Propane Partners in the 3rd quarter worth about $190,000. Pinnacle Financial Partners Inc. bought a new position in shares of Suburban Propane Partners in the 2nd quarter worth about $250,000. Finally, D.A. Davidson & CO. raised its position in shares of Suburban Propane Partners by 9.9% in the 2nd quarter. D.A. Davidson & CO. now owns 11,459 shares of the energy company’s stock worth $272,000 after acquiring an additional 1,035 shares in the last quarter. 25.86% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Sandra N. Zwickel sold 4,175 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $24.10, for a total value of $100,617.50. Following the completion of the sale, the vice president now directly owns 21,060 shares of the company’s stock, valued at approximately $507,546. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harold R. Logan, Jr. sold 2,127 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $24.20, for a total value of $51,473.40. Following the completion of the sale, the director now directly owns 24,074 shares of the company’s stock, valued at $582,590.80. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.
Suburban Propane Partners, L.P. (SPH) traded up $0.04 during mid-day trading on Tuesday, hitting $23.77. The stock had a trading volume of 535,600 shares, compared to its average volume of 317,077. Suburban Propane Partners, L.P. has a 1 year low of $22.71 and a 1 year high of $32.17. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.41 and a current ratio of 0.66. The company has a market cap of $1,456.77, a price-to-earnings ratio of 38.90 and a beta of 0.64.
Suburban Propane Partners (NYSE:SPH) last posted its quarterly earnings data on Thursday, November 16th. The energy company reported ($0.83) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.87) by $0.04. Suburban Propane Partners had a return on equity of 5.81% and a net margin of 3.20%. The firm had revenue of $197.11 million during the quarter, compared to analyst estimates of $187.97 million. During the same period last year, the company posted ($0.99) EPS. The business’s quarterly revenue was up 22.4% on a year-over-year basis. equities analysts forecast that Suburban Propane Partners, L.P. will post 1.45 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 10.10%. The ex-dividend date of this dividend was Monday, November 6th. Suburban Propane Partners’s payout ratio is 393.44%.
Suburban Propane Partners Profile
Suburban Propane Partners, L.P. is a marketer and distributor of a range of products. The Company specializes in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. The Company’s segments include Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.
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