First Republic Investment Management Inc. Acquires 3,000 Shares of Suburban Propane Partners LP (SPH)

First Republic Investment Management Inc. grew its holdings in Suburban Propane Partners LP (NYSE:SPH) by 10.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,492 shares of the energy company’s stock after purchasing an additional 3,000 shares during the quarter. First Republic Investment Management Inc.’s holdings in Suburban Propane Partners were worth $683,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Neuberger Berman Group LLC raised its stake in shares of Suburban Propane Partners by 34.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 23,406 shares of the energy company’s stock worth $551,000 after acquiring an additional 6,000 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Suburban Propane Partners by 4,458.1% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,960 shares of the energy company’s stock worth $38,000 after acquiring an additional 1,917 shares in the last quarter. AlphaMark Advisors LLC raised its stake in shares of Suburban Propane Partners by 2,600.0% during the 4th quarter. AlphaMark Advisors LLC now owns 5,400 shares of the energy company’s stock worth $104,000 after acquiring an additional 5,200 shares in the last quarter. Ellis Investment Partners LLC bought a new position in shares of Suburban Propane Partners during the 1st quarter worth approximately $968,000. Finally, Energy Income Partners LLC raised its stake in shares of Suburban Propane Partners by 6.3% during the 4th quarter. Energy Income Partners LLC now owns 400,198 shares of the energy company’s stock worth $7,712,000 after acquiring an additional 23,574 shares in the last quarter. Institutional investors and hedge funds own 31.02% of the company’s stock.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Suburban Propane Partners from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. TheStreet upgraded shares of Suburban Propane Partners from a “c+” rating to a “b-” rating in a research note on Friday, April 5th. Finally, ValuEngine upgraded shares of Suburban Propane Partners from a “sell” rating to a “hold” rating in a research note on Friday, March 15th.

In related news, Director Harold R. Logan, Jr. sold 2,900 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $22.05, for a total transaction of $63,945.00. Following the completion of the transaction, the director now owns 27,599 shares in the company, valued at approximately $608,557.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.

NYSE SPH opened at $23.30 on Thursday. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.30 and a quick ratio of 1.02. The company has a market cap of $1.44 billion, a P/E ratio of 18.79, a PEG ratio of 4.18 and a beta of 0.95. Suburban Propane Partners LP has a 52 week low of $18.63 and a 52 week high of $24.57.

Suburban Propane Partners (NYSE:SPH) last posted its quarterly earnings data on Thursday, May 9th. The energy company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.86 by $0.08. The firm had revenue of $504.38 million during the quarter, compared to analyst estimates of $556.16 million. Suburban Propane Partners had a net margin of 6.18% and a return on equity of 15.24%. Research analysts forecast that Suburban Propane Partners LP will post 1.4 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $2.40 annualized dividend and a dividend yield of 10.30%. Suburban Propane Partners’s dividend payout ratio (DPR) is presently 193.55%.

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Suburban Propane Partners 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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Institutional Ownership by Quarter for Suburban Propane Partners (NYSE:SPH)

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