Suburban Propane Partners (NYSE:SPH) Reaches New 52-Week High – Here’s What Happened

Suburban Propane Partners, L.P. (NYSE:SPH) shares hit 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 changing hands. The stock had previously closed at $21.56.

Suburban Propane Partners Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $1.41 billion, a PE ratio of 20.65 and a beta of 0.51. The firm’s fifty day moving average is $19.27 and its 200-day moving average is $18.54.

Suburban Propane Partners (NYSE:SPH) last released its quarterly 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 net margin of 5.18% and a return on equity of 11.81%. During the same quarter in the previous year, the company earned $0.38 earnings per share.

Suburban Propane Partners Dividend Announcement

The company also recently declared 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 was Tuesday, February 4th. This represents a $1.30 annualized dividend and a dividend yield of 5.94%. Suburban Propane Partners’s dividend payout ratio is currently 122.64%.

Insider Activity

In other Suburban Propane Partners news, VP Michael A. Schueler sold 7,746 shares of the business’s 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 completion of the transaction, the vice president now owns 11,133 shares in the company, valued at $233,013.69. The trade was a 41.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP A Davin Dambrosio sold 6,500 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total value of $122,850.00. Following the completion of the sale, the vice president now 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 disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Trust Company N.A purchased a new position in shares of Suburban Propane Partners in the 4th quarter valued at about $28,000. Wingate Wealth Advisors Inc. purchased a new position in Suburban Propane Partners in the fourth quarter worth approximately $31,000. Duncker Streett & Co. Inc. purchased a new position in Suburban Propane Partners in the fourth quarter worth approximately $34,000. Vision Financial Markets LLC acquired a new position in Suburban Propane Partners during the 4th quarter worth approximately $34,000. Finally, Tandem Financial LLC purchased a new stake in shares of Suburban Propane Partners in the 4th quarter valued at approximately $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.