Suburban Propane Partners (NYSE:SPH) issued its earnings results on Thursday. The energy company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.31), Morningstar.com reports. Suburban Propane Partners had a return on equity of 13.56% and a net margin of 5.69%. The company had revenue of $377.10 million during the quarter, compared to analyst estimates of $402.18 million.
Shares of SPH traded down $0.02 during trading hours on Friday, reaching $21.90. 2,969 shares of the company’s stock traded hands, compared to its average volume of 218,705. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 3.67 and a beta of 0.92. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.45 and a current ratio of 0.72. Suburban Propane Partners has a twelve month low of $18.63 and a twelve month high of $25.56.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 12th. Stockholders of record on Tuesday, February 5th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 10.96%. The ex-dividend date is Monday, February 4th. Suburban Propane Partners’s dividend payout ratio (DPR) is 193.55%.
In other news, Director Jane Swift sold 2,700 shares of the firm’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $23.13, for a total transaction of $62,451.00. Following the transaction, the director now directly owns 25,080 shares of the company’s stock, valued at $580,100.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Summit Global Investments bought a new position in Suburban Propane Partners during the fourth quarter valued at about $590,000. PNC Financial Services Group Inc. boosted its stake in Suburban Propane Partners by 19.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 31,932 shares of the energy company’s stock valued at $616,000 after buying an additional 5,254 shares in the last quarter. Acadian Asset Management LLC bought a new position in Suburban Propane Partners during the fourth quarter valued at about $292,000. AlphaMark Advisors LLC boosted its stake in Suburban Propane Partners by 2,600.0% during the fourth quarter. AlphaMark Advisors LLC now owns 5,400 shares of the energy company’s stock valued at $104,000 after buying an additional 5,200 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Suburban Propane Partners by 19.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 33,234 shares of the energy company’s stock valued at $640,000 after buying an additional 5,484 shares in the last quarter. 30.48% of the stock is currently owned by institutional investors.
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Suburban Propane Partners Company Profile
Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company operates in four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users.
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