Suburban Propane Partners (NYSE:SPH) Reaches New 12-Month High – Still a Buy?

Shares of Suburban Propane Partners, L.P. (NYSE:SPH) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.95 and last traded at $22.12, with a volume of 49285 shares traded. The stock had previously closed at $21.56.

Suburban Propane Partners Price Performance

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 50-day moving average price of $19.14 and a 200 day moving average price of $18.49. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 20.92 and a beta of 0.51.

Suburban Propane Partners (NYSE:SPH) last issued its quarterly earnings data on Thursday, February 6th. The energy company reported $0.30 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 period last year, the business earned $0.38 earnings per share.

Suburban Propane Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend was Tuesday, February 4th. Suburban Propane Partners’s payout ratio is presently 122.64%.

Insiders Place Their Bets

In related news, VP Michael A. Schueler sold 7,746 shares of Suburban Propane Partners stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total value of $162,123.78. Following the sale, the vice president now directly owns 11,133 shares in the company, valued at approximately $233,013.69. The trade was a 41.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP A Davin Dambrosio sold 6,500 shares of the business’s stock in a transaction that occurred on 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 owns 76,176 shares of the company’s stock, valued at approximately $1,439,726.40. This trade represents a 7.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,046 shares of company stock worth $334,590. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Suburban Propane Partners

Institutional investors have recently made changes to their positions in the company. Cetera Trust Company N.A purchased a new position in Suburban Propane Partners in the 4th quarter valued at $28,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Suburban Propane Partners in the fourth quarter valued at about $31,000. Duncker Streett & Co. Inc. purchased a new position in shares of Suburban Propane Partners in the fourth quarter worth about $34,000. Vision Financial Markets LLC purchased a new position in shares of Suburban Propane Partners in the fourth quarter worth about $34,000. Finally, Tandem Financial LLC acquired a new position in Suburban Propane Partners during the fourth quarter worth about $39,000. 30.94% of the stock is owned by institutional investors and hedge funds.

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.