Suburban Propane Partners, L.P. (NYSE:SPH) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH – Get Rating) by 22.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,077 shares of the energy company’s stock after acquiring an additional 10,148 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Suburban Propane Partners were worth $851,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Accurate Wealth Management LLC purchased a new position in Suburban Propane Partners in the 4th quarter valued at about $31,000. AdvisorNet Financial Inc boosted its position in Suburban Propane Partners by 1,036.8% during the fourth quarter. AdvisorNet Financial Inc now owns 2,319 shares of the energy company’s stock worth $35,000 after acquiring an additional 2,115 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Suburban Propane Partners by 260.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 2,500 shares of the energy company’s stock worth $37,000 after acquiring an additional 1,807 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in Suburban Propane Partners by 66.7% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 5,000 shares of the energy company’s stock valued at $76,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Credit Suisse AG purchased a new position in shares of Suburban Propane Partners during the 2nd quarter worth $101,000. Hedge funds and other institutional investors own 19.42% of the company’s stock.

Analyst Upgrades and Downgrades

SPH has been the subject of a number of recent analyst reports. StockNews.com downgraded Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. Mizuho assumed coverage on Suburban Propane Partners in a report on Wednesday, April 26th. They issued a “neutral” rating and a $17.00 price target for the company.

Suburban Propane Partners Stock Down 0.5 %

Shares of SPH opened at $14.94 on Monday. Suburban Propane Partners, L.P. has a fifty-two week low of $14.40 and a fifty-two week high of $17.62. The company’s fifty day moving average is $15.20 and its two-hundred day moving average is $15.54. The firm has a market cap of $948.69 million, a PE ratio of 10.45 and a beta of 0.66. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 2.03.

Suburban Propane Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 9th. Shareholders of record on Tuesday, May 2nd were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date of this dividend was Monday, May 1st. Suburban Propane Partners’s dividend payout ratio (DPR) is presently 90.91%.

About Suburban Propane Partners

(Get Rating)

Suburban Propane Partners LP engages in the marketing and distribution of propane, renewable propane, fuel oil, and refined fuels. It operates through the following 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, agricultural, and government customers.