C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys New Shares in Suburban Propane Partners, L.P. (NYSE:SPH)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Suburban Propane Partners, L.P. (NYSE:SPH) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,415,120 shares of the energy company’s stock, valued at approximately $24,340,000. Suburban Propane Partners makes up approximately 1.1% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings, making the stock its 16th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Cetera Trust Company N.A purchased a new position in shares of Suburban Propane Partners during the 4th quarter valued at $28,000. Wingate Wealth Advisors Inc. bought a new stake in Suburban Propane Partners during the fourth quarter valued at about $31,000. Tandem Financial LLC purchased a new position in shares of Suburban Propane Partners in the fourth quarter valued at about $39,000. Independence Bank of Kentucky bought a new position in shares of Suburban Propane Partners in the fourth quarter worth about $52,000. Finally, Oppenheimer & Co. Inc. grew its position in shares of Suburban Propane Partners by 7.9% during the third quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock worth $197,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 30.94% of the company’s stock.

Insider Buying and Selling at Suburban Propane Partners

In related news, VP A Davin Dambrosio sold 6,500 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $18.90, for a total value of $122,850.00. Following the sale, the vice president now directly owns 76,176 shares in the company, valued at approximately $1,439,726.40. The trade was a 7.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Craig Palleschi sold 2,800 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $17.72, for a total value of $49,616.00. Following the transaction, the vice president now directly owns 21,898 shares of the company’s stock, valued at approximately $388,032.56. The trade was a 11.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Suburban Propane Partners Price Performance

NYSE SPH opened at $21.20 on Thursday. Suburban Propane Partners, L.P. has a 12 month low of $15.20 and a 12 month high of $21.89. The company has a current ratio of 0.51, a quick ratio of 0.33 and a debt-to-equity ratio of 2.21. The stock has a market cap of $1.37 billion, a PE ratio of 20.00 and a beta of 0.51. The stock’s 50 day moving average is $18.99 and its 200 day moving average is $18.42.

Suburban Propane Partners (NYSE:SPH) last released its quarterly earnings data on Thursday, February 6th. The energy company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.46). Suburban Propane Partners had a net margin of 5.18% and a return on equity of 11.54%. During the same quarter in the prior year, the firm posted $0.38 EPS.

Suburban Propane Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were paid a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend was Tuesday, February 4th. Suburban Propane Partners’s payout ratio is currently 122.64%.

Suburban Propane Partners Company Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.