Levin Capital Strategies L.P. Has $5.80 Million Stock Position in Suburban Propane Partners, L.P. (NYSE:SPH)

Levin Capital Strategies L.P. lowered its position in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 25.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 326,523 shares of the energy company’s stock after selling 109,268 shares during the quarter. Levin Capital Strategies L.P. owned 0.51% of Suburban Propane Partners worth $5,799,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SPH. Fractal Investments LLC boosted its position in Suburban Propane Partners by 1,090.4% during the 4th quarter. Fractal Investments LLC now owns 207,425 shares of the energy company’s stock worth $3,684,000 after acquiring an additional 190,000 shares during the last quarter. Clearbridge Investments LLC boosted its position in Suburban Propane Partners by 18.0% during the 3rd quarter. Clearbridge Investments LLC now owns 679,479 shares of the energy company’s stock worth $10,906,000 after acquiring an additional 103,461 shares during the last quarter. Custom Index Systems LLC acquired a new position in Suburban Propane Partners during the 4th quarter worth approximately $1,679,000. Barclays PLC boosted 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 valued at $785,000 after buying an additional 45,951 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of Suburban Propane Partners in the 3rd quarter valued at approximately $676,000. Institutional investors and hedge funds own 30.94% of the company’s stock.

Suburban Propane Partners Stock Performance

Suburban Propane Partners stock traded up $0.02 during mid-day trading on Thursday, hitting $19.91. 85,835 shares of the company’s stock traded hands, compared to its average volume of 300,641. The firm has a 50 day simple moving average of $20.26 and a two-hundred day simple moving average of $18.71. Suburban Propane Partners, L.P. has a fifty-two week low of $14.42 and a fifty-two week high of $22.33. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 12.50 and a beta of 0.44. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.72 and a quick ratio of 0.52.

Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings results on Thursday, February 8th. The energy company reported $0.38 earnings per share (EPS) for the quarter. Suburban Propane Partners had a return on equity of 17.97% and a net margin of 7.36%. The business had revenue of $365.83 million during the quarter.

Suburban Propane Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 6.53%. The ex-dividend date is Monday, May 6th. Suburban Propane Partners’s dividend payout ratio is 81.76%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Mizuho downgraded Suburban Propane Partners from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $16.00 to $17.00 in a report on Monday, January 29th. StockNews.com downgraded Suburban Propane Partners from a “buy” rating to a “hold” rating in a report on Thursday, January 18th.

Insider Buying and Selling at Suburban Propane Partners

In other Suburban Propane Partners news, SVP Neil Scanlon sold 26,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $19.33, for a total transaction of $502,580.00. Following the transaction, the senior vice president now owns 162,129 shares in the company, valued at approximately $3,133,953.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

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.