Suburban Propane Partners, L.P. (NYSE:SPH) Shares Bought by First Heartland Consultants Inc.

First Heartland Consultants Inc. raised its stake in Suburban Propane Partners, L.P. (NYSE:SPH) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,939 shares of the energy company’s stock after buying an additional 500 shares during the period. First Heartland Consultants Inc.’s holdings in Suburban Propane Partners, L.P. were worth $379,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SPH. Camarda Financial Advisors LLC boosted its stake in shares of Suburban Propane Partners, L.P. by 33.1% in the second quarter. Camarda Financial Advisors LLC now owns 5,282 shares of the energy company’s stock valued at $126,000 after buying an additional 1,314 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Suburban Propane Partners, L.P. by 56.7% in the first quarter. PNC Financial Services Group Inc. now owns 7,673 shares of the energy company’s stock valued at $207,000 after buying an additional 2,777 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Suburban Propane Partners, L.P. during the first quarter valued at $189,000. Snow Capital Management LP acquired a new position in Suburban Propane Partners, L.P. during the first quarter worth approximately $250,000. Finally, First Financial Equity Corporation acquired a new position in Suburban Propane Partners, L.P. during the first quarter worth approximately $276,000. Hedge funds and other institutional investors own 28.13% of the company’s stock.

Suburban Propane Partners, L.P. (SPH) opened at 23.72 on Friday. The stock has a 50 day moving average price of $24.33 and a 200-day moving average price of $25.30. The stock has a market capitalization of $1.45 billion, a P/E ratio of 51.23 and a beta of 0.64. Suburban Propane Partners, L.P. has a 1-year low of $22.71 and a 1-year high of $34.49.

Suburban Propane Partners, L.P. (NYSE:SPH) last released its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.48) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.11. Suburban Propane Partners, L.P. had a net margin of 2.46% and a return on equity of 4.09%. The company had revenue of $222.90 million during the quarter, compared to the consensus estimate of $221.93 million. During the same period in the previous year, the firm earned ($0.49) earnings per share. Suburban Propane Partners, L.P.’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts expect that Suburban Propane Partners, L.P. will post $0.58 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 8th. Stockholders of record on Tuesday, August 1st were paid a $0.8875 dividend. The ex-dividend date of this dividend was Friday, July 28th. This is an increase from Suburban Propane Partners, L.P.’s previous quarterly dividend of $0.89. This represents a $3.55 annualized dividend and a dividend yield of 14.97%. Suburban Propane Partners, L.P.’s dividend payout ratio is 788.89%.

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Several brokerages have recently issued reports on SPH. Stifel Nicolaus reissued a “hold” rating and issued a $25.00 target price on shares of Suburban Propane Partners, L.P. in a research report on Friday. Zacks Investment Research downgraded Suburban Propane Partners, L.P. from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 13th. BidaskClub downgraded Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Citigroup Inc. upgraded Suburban Propane Partners, L.P. from a “neutral” rating to a “buy” rating and cut their price target for the stock from $32.00 to $27.00 in a research note on Thursday, July 27th. Finally, ValuEngine downgraded Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $30.80.

Suburban Propane Partners, L.P. Company Profile

Suburban Propane Partners, L.P. is a marketer and distributor of a range of products. The Company specializes in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. The Company’s segments include Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.

Institutional Ownership by Quarter for Suburban Propane Partners, L.P. (NYSE:SPH)

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