Barclays PLC Sells 647 Shares of Suburban Propane Partners, L.P. (NYSE:SPH)

Barclays PLC lessened its holdings in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 20.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,520 shares of the energy company’s stock after selling 647 shares during the quarter. Barclays PLC’s holdings in Suburban Propane Partners were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. purchased a new position in shares of Suburban Propane Partners during the 2nd quarter valued at $193,000. Oppenheimer & Co. Inc. increased its position in Suburban Propane Partners by 7.9% during the third quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock valued at $197,000 after acquiring an additional 800 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Suburban Propane Partners during the 3rd quarter worth approximately $270,000. Greenup Street Wealth Management LLC lifted its holdings in 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 buying an additional 1,675 shares in the last quarter. Finally, Simplicity Wealth LLC raised 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 valued at $412,000 after purchasing an additional 936 shares in the last quarter. Institutional investors own 30.94% of the company’s stock.

Insider Activity at Suburban Propane Partners

In other news, VP A Davin Dambrosio sold 6,500 shares of Suburban Propane Partners stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total transaction of $122,850.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Craig Palleschi sold 2,800 shares of the stock in a transaction dated 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 in the company, 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. 2.10% of the stock is currently owned by corporate insiders.

Suburban Propane Partners Trading Up 1.1 %

Shares of NYSE:SPH opened at $17.83 on Friday. The company has a market capitalization of $1.15 billion, a PE ratio of 15.64 and a beta of 0.48. The business’s fifty day simple moving average is $18.29 and its 200-day simple moving average is $18.22. Suburban Propane Partners, L.P. has a 12-month low of $15.20 and a 12-month high of $21.55. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 7.29%. The ex-dividend date was Tuesday, November 5th. Suburban Propane Partners’s dividend payout ratio is currently 114.04%.

About Suburban Propane Partners

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.