Levin Capital Strategies L.P. Buys 18,196 Shares of Suburban Propane Partners, L.P. (NYSE:SPH)

Levin Capital Strategies L.P. boosted its stake in Suburban Propane Partners, L.P. (NYSE:SPH) by 10.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 194,186 shares of the energy company’s stock after purchasing an additional 18,196 shares during the quarter. Levin Capital Strategies L.P. owned about 0.30% of Suburban Propane Partners worth $3,340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Trust Company N.A acquired a new position in Suburban Propane Partners in the fourth quarter valued at about $28,000. Wingate Wealth Advisors Inc. acquired a new position in Suburban Propane Partners in the fourth quarter valued at about $31,000. Duncker Streett & Co. Inc. acquired a new position in Suburban Propane Partners in the fourth quarter valued at about $34,000. Tandem Financial LLC acquired a new position in Suburban Propane Partners in the fourth quarter valued at about $39,000. Finally, Independence Bank of Kentucky acquired a new position in Suburban Propane Partners in the fourth quarter valued at about $52,000. 30.94% of the stock is owned by institutional investors and hedge funds.

Suburban Propane Partners Stock Up 0.3 %

NYSE:SPH opened at $20.76 on Friday. Suburban Propane Partners, L.P. has a 1 year low of $15.20 and a 1 year high of $22.24. 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 cap of $1.34 billion, a price-to-earnings ratio of 19.58 and a beta of 0.51. The stock has a 50-day moving average price of $19.71 and a two-hundred day moving average price of $18.74.

Suburban Propane Partners (NYSE:SPH) last posted 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 net margin of 5.18% and a return on equity of 11.81%. During the same period last year, the firm earned $0.38 earnings per share.

Suburban Propane Partners Dividend Announcement

The company also recently disclosed 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 6.26%. Suburban Propane Partners’s dividend payout ratio is currently 122.64%.

Insider Transactions at Suburban Propane Partners

In other news, VP Michael A. Schueler sold 7,746 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total transaction of $162,123.78. Following the completion of the transaction, the vice president now directly owns 11,133 shares of the company’s stock, valued at $233,013.69. This represents a 41.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by insiders.

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.