UBS Group AG Buys 316,430 Shares of Suburban Propane Partners, L.P. (NYSE:SPH) (2024)

UBS Group AG grew its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH – Free Report) by 428.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 390,200 shares of the energy company’s stock after acquiring an additional 316,430 shares during the quarter. UBS Group AG owned about 0.61% of Suburban Propane Partners worth $6,930,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Jump Financial LLC bought a new stake in shares of Suburban Propane Partners during the third quarter valued at approximately $331,000. Barclays PLC increased its holdings in shares of Suburban Propane Partners by 1,548.2% in the 3rd quarter. Barclays PLC now owns 48,919 shares of the energy company’s stock worth $785,000 after purchasing an additional 45,951 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC raised its stake in shares of Suburban Propane Partners by 15.3% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 103,562 shares of the energy company’s stock worth $1,662,000 after purchasing an additional 13,770 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Suburban Propane Partners by 12,343.1% during the third quarter. Citigroup Inc. now owns 31,481 shares of the energy company’s stock valued at $505,000 after purchasing an additional 31,228 shares in the last quarter. Finally, Foundry Partners LLC lifted its holdings in shares of Suburban Propane Partners by 7.6% during the third quarter. Foundry Partners LLC now owns 233,624 shares of the energy company’s stock valued at $3,750,000 after purchasing an additional 16,585 shares in the last quarter. Hedge funds and other institutional investors own 30.94% of the company’s stock.

Insider Transactions at Suburban Propane Partners

In other Suburban Propane Partners news, Director Harold R. Logan, Jr. sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $19.18, for a total transaction of $57,540.00. Following the completion of the sale, the director now directly owns 39,515 shares of the company’s stock, valued at $757,897.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

Suburban Propane Partners Trading Up 2.1 %

Shares of SPH stock opened at $20.78 on Thursday. The stock has a market capitalization of $1.33 billion, a P/E ratio of 12.30 and a beta of 0.46. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 1.89. The firm’s 50 day moving average is $19.72 and its 200 day moving average is $19.15. Suburban Propane Partners, L.P. has a 12-month low of $14.42 and a 12-month high of $22.33.

Suburban Propane Partners (NYSE:SPH – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The energy company reported $1.72 earnings per share (EPS) for the quarter. The firm had revenue of $498.09 million for the quarter. Suburban Propane Partners had a return on equity of 18.91% and a net margin of 8.02%.

Suburban Propane Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th were given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 6.26%. The ex-dividend date was Monday, May 6th. Suburban Propane Partners’s payout ratio is currently 76.92%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th.

View Our Latest Report on Suburban Propane Partners

Suburban Propane Partners Profile

(Free Report)

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.

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