Arrow Investment Advisors LLC raised its position in Suburban Propane Partners, L.P. (NYSE:SPH) by 17.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,829 shares of the energy company’s stock after buying an additional 4,363 shares during the period. Arrow Investment Advisors LLC’s holdings in Suburban Propane Partners, L.P. were worth $778,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SPH. Corbenic Partners LLC lifted its position in shares of Suburban Propane Partners, L.P. by 0.3% during the second quarter. Corbenic Partners LLC now owns 7,527 shares of the energy company’s stock worth $179,000 after purchasing an additional 21 shares in the last quarter. First Heartland Consultants Inc. lifted its position in shares of Suburban Propane Partners, L.P. by 3.2% during the second quarter. First Heartland Consultants Inc. now owns 15,939 shares of the energy company’s stock worth $379,000 after purchasing an additional 500 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Suburban Propane Partners, L.P. by 1.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 38,761 shares of the energy company’s stock worth $922,000 after purchasing an additional 533 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Suburban Propane Partners, L.P. by 1.8% during the second quarter. Blair William & Co. IL now owns 49,010 shares of the energy company’s stock worth $1,166,000 after purchasing an additional 845 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Suburban Propane Partners, L.P. by 5.9% during the second quarter. Alliancebernstein L.P. now owns 15,384 shares of the energy company’s stock worth $366,000 after purchasing an additional 861 shares in the last quarter. Hedge funds and other institutional investors own 26.38% of the company’s stock.

In related news, Director Harold R. Logan, Jr. sold 2,127 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $24.20, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.64% of the company’s stock.

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Shares of Suburban Propane Partners, L.P. (NYSE:SPH) traded up $0.19 during mid-day trading on Thursday, hitting $24.12. 249,900 shares of the stock were exchanged, compared to its average volume of 317,607. Suburban Propane Partners, L.P. has a 12 month low of $22.71 and a 12 month high of $32.17. The firm has a market capitalization of $1,490.00, a price-to-earnings ratio of 39.23 and a beta of 0.68. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.84 and a quick ratio of 0.57.

Suburban Propane Partners, L.P. (NYSE:SPH) last announced its earnings results on Thursday, November 16th. The energy company reported ($0.83) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.87) by $0.04. Suburban Propane Partners, L.P. had a net margin of 3.20% and a return on equity of 5.53%. The company had revenue of $197.11 million for the quarter, compared to analyst estimates of $187.97 million. During the same period in the prior year, the business earned ($0.99) earnings per share. Suburban Propane Partners, L.P.’s quarterly revenue was up 22.4% on a year-over-year basis. equities research analysts anticipate that Suburban Propane Partners, L.P. will post 1.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.95%. The ex-dividend date of this dividend was Monday, November 6th. Suburban Propane Partners, L.P.’s dividend payout ratio (DPR) is 387.10%.

A number of brokerages have recently issued reports on SPH. Zacks Investment Research upgraded shares of Suburban Propane Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Stifel Nicolaus reiterated a “hold” rating and set a $25.00 target price on shares of Suburban Propane Partners, L.P. in a research report on Friday, August 18th. Finally, Citigroup Inc. upgraded shares of Suburban Propane Partners, L.P. from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $32.00 to $27.00 in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.00.

About Suburban Propane Partners, L.P.

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.

Institutional Ownership by Quarter for Suburban Propane Partners, L.P. (NYSE:SPH)

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