Wingate Wealth Advisors Inc. Acquires New Stake in Suburban Propane Partners, L.P. (NYSE:SPH)

Wingate Wealth Advisors Inc. acquired a new position in shares of Suburban Propane Partners, L.P. (NYSE:SPH) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,800 shares of the energy company’s stock, valued at approximately $31,000.

Several other hedge funds also recently made changes to their positions in SPH. Cetera Trust Company N.A acquired a new position in Suburban Propane Partners during the fourth quarter worth $28,000. Tandem Financial LLC purchased a new stake in shares of Suburban Propane Partners during the 4th quarter worth $39,000. Independence Bank of Kentucky acquired a new position in shares of Suburban Propane Partners during the 4th quarter worth $52,000. Oppenheimer & Co. Inc. increased its holdings 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 in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of Suburban Propane Partners by 12.3% in the fourth 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 period. Institutional investors and hedge funds own 30.94% of the company’s stock.

Insider Transactions at Suburban Propane Partners

In other Suburban Propane Partners news, VP Craig Palleschi sold 2,800 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $17.72, for a total transaction of $49,616.00. Following the sale, the vice president now owns 21,898 shares in the company, valued at approximately $388,032.56. This represents a 11.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP A Davin Dambrosio sold 6,500 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 76,176 shares of the company’s stock, valued at $1,439,726.40. The trade was a 7.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Suburban Propane Partners Stock Down 0.8 %

SPH stock opened at $21.20 on Wednesday. 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 company’s 50-day moving average price is $18.95 and its 200 day moving average price is $18.40. Suburban Propane Partners, L.P. has a 52 week low of $15.20 and a 52 week high of $21.89. The company has a market cap of $1.37 billion, a P/E ratio of 20.00 and a beta of 0.51.

Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings results 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 return on equity of 11.54% and a net margin of 5.18%. During the same period in the previous year, the business posted $0.38 EPS.

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 $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date was Tuesday, February 4th. Suburban Propane Partners’s dividend payout ratio is currently 122.64%.

Suburban Propane Partners 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.