Captrust Financial Advisors Purchases Shares of 15,039 Suburban Propane Partners, L.P. (NYSE:SPH)

Captrust Financial Advisors acquired a new position in Suburban Propane Partners, L.P. (NYSE:SPH) during the third quarter, HoldingsChannel reports. The firm acquired 15,039 shares of the energy company’s stock, valued at approximately $270,000.

Several other hedge funds and other institutional investors have also modified their holdings of SPH. Oppenheimer & Co. Inc. raised its holdings in Suburban Propane Partners by 7.9% in the third quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock valued at $197,000 after buying an additional 800 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Suburban Propane Partners by 3.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 50,029 shares of the energy company’s stock valued at $898,000 after acquiring an additional 1,818 shares during the period. Greenup Street Wealth Management LLC lifted its holdings in shares of Suburban Propane Partners by 8.1% during the 3rd quarter. Greenup Street Wealth Management LLC now owns 22,425 shares of the energy company’s stock valued at $402,000 after acquiring an additional 1,675 shares in the last quarter. Simplicity Wealth LLC boosted its position in Suburban Propane Partners by 4.2% during the 3rd quarter. Simplicity Wealth LLC now owns 22,963 shares of the energy company’s stock worth $412,000 after purchasing an additional 936 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Suburban Propane Partners in the 2nd quarter valued at $193,000. 30.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company cut Suburban Propane Partners from an “equal weight” rating to an “underweight” rating and set a $17.00 price objective on the stock. in a research note on Friday, August 30th.

Suburban Propane Partners Trading Down 1.4 %

NYSE SPH opened at $18.68 on Friday. The stock has a market cap of $1.20 billion, a P/E ratio of 16.39 and a beta of 0.45. The company’s fifty day simple moving average is $18.65 and its 200-day simple moving average is $18.53. The company has a current ratio of 0.51, a quick ratio of 0.33 and a debt-to-equity ratio of 2.21. Suburban Propane Partners, L.P. has a 52 week low of $15.20 and a 52 week high of $22.33.

Suburban Propane Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were issued a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.30 dividend on an annualized basis and a yield of 6.96%. Suburban Propane Partners’s dividend payout ratio is currently 114.04%.

Insider Buying and Selling at Suburban Propane Partners

In other Suburban Propane Partners news, VP A Davin Dambrosio sold 6,500 shares of the company’s stock in a transaction that occurred 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. This represents a 7.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Craig Palleschi sold 2,800 shares of the firm’s stock in a transaction that occurred 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 directly owns 21,898 shares of the company’s stock, valued at $388,032.56. The trade was a 11.34 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate 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.