HM Payson & Co. Increases Stock Holdings in Suburban Propane Partners, L.P. (NYSE:SPH)

HM Payson & Co. raised its stake in Suburban Propane Partners, L.P. (NYSE:SPH) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,200 shares of the energy company’s stock after purchasing an additional 1,200 shares during the period. HM Payson & Co.’s holdings in Suburban Propane Partners were worth $210,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cetera Trust Company N.A purchased a new position in Suburban Propane Partners in the fourth quarter valued at approximately $28,000. Wingate Wealth Advisors Inc. purchased a new position in Suburban Propane Partners in the fourth quarter valued at approximately $31,000. Duncker Streett & Co. Inc. purchased a new position in Suburban Propane Partners in the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC purchased a new position in Suburban Propane Partners in the fourth quarter valued at approximately $34,000. Finally, Tandem Financial LLC purchased a new position in Suburban Propane Partners in the fourth quarter valued at approximately $39,000. 30.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Suburban Propane Partners

In related news, VP Michael A. Schueler sold 7,746 shares of Suburban Propane Partners stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total value of $162,123.78. Following the transaction, the vice president now directly owns 11,133 shares in the company, valued at $233,013.69. This trade represents a 41.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Suburban Propane Partners Stock Performance

Shares of Suburban Propane Partners stock opened at $20.14 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $1.30 billion, a P/E ratio of 19.00 and a beta of 0.46. The firm’s 50 day moving average is $20.01 and its two-hundred day moving average is $18.86. Suburban Propane Partners, L.P. has a 52 week low of $15.20 and a 52 week high of $22.24.

Suburban Propane Partners (NYSE:SPH) last announced its earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. During the same quarter in the previous year, the business earned $0.38 EPS.

Suburban Propane Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.325 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.46%. Suburban Propane Partners’s dividend payout ratio (DPR) is presently 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.