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

Suburban Propane Partners, L.P. (NYSE:SPH) hit a new 52-week high during trading on Monday . The stock traded as high as $21.55 and last traded at $21.45, with a volume of 158404 shares trading hands. The stock had previously closed at $21.13.

Suburban Propane Partners Stock Up 2.2 %

The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 18.94 and a beta of 0.50. The firm has a 50-day moving average of $18.67 and a 200 day moving average of $18.28. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.51 and a quick ratio of 0.33.

Suburban Propane Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th will be given a $0.325 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.02%. Suburban Propane Partners’s payout ratio is 114.04%.

Insider Activity

In related news, VP A Davin Dambrosio sold 6,500 shares of Suburban Propane Partners stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $18.90, for a total transaction of $122,850.00. Following the completion of the sale, the vice president now directly 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Craig Palleschi sold 2,800 shares of Suburban Propane Partners stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.72, for a total value of $49,616.00. Following the sale, 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 2.10% of the company’s stock.

Institutional Trading of Suburban Propane Partners

Several hedge funds have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its stake in shares of Suburban Propane Partners by 7.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock valued at $197,000 after purchasing an additional 800 shares during the last quarter. Simplicity Wealth LLC increased its stake in shares of Suburban Propane Partners by 4.2% in the 3rd quarter. Simplicity Wealth LLC now owns 22,963 shares of the energy company’s stock valued at $412,000 after purchasing an additional 936 shares during the last quarter. Allworth Financial LP increased its stake in shares of Suburban Propane Partners by 18.7% in the 4th quarter. Allworth Financial LP now owns 9,904 shares of the energy company’s stock valued at $189,000 after purchasing an additional 1,557 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Suburban Propane Partners by 12.3% in the 4th quarter. Stratos Wealth Partners LTD. now owns 14,662 shares of the energy company’s stock valued at $252,000 after purchasing an additional 1,601 shares during the last quarter. Finally, Cetera Trust Company N.A bought a new position in shares of Suburban Propane Partners in the 4th quarter valued at $28,000. 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.