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Gauging Institutional Investors’ Interest in Propane Companies

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Top institutional investors in AmeriGas Partners

UGI (UGI) holds 25.6% of AmeriGas Partners’ (APU) outstanding shares. UGI is AmeriGas Partners’ general partner. OppenheimerFunds, Energy Income Partners, and City National Rochdale hold 4.1%, 3.4%, and 1.6%, respectively, of AmeriGas Partners’ outstanding shares. OppenheimerFunds, Energy Income Partners, and City National Rochdale added 52,655, 59,083, and 21,320 AmeriGas Partners shares to their positions, respectively, according to the latest filings.

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Together, the top ten institutional investors in AmeriGas Partners sold net 0.3 million shares from their positions, according to the latest filings. The above table shows the top institutional investors in AmeriGas Partners, Suburban Propane Partners (SPH), Ferrellgas Partners (FGP), and Star Group (SGU).

Top investors in Suburban Propane Partners

OFI SteelPath, Abrams Capital, and OppenheimerFunds are the top three institutional investors in Suburban Propane Partners. They own 5.0%, 3.2%, and 2.6%, respectively, of the company’s outstanding shares. All three of the investors added to their positions in Suburban Propane Partners, according to filings dated March 31. Together, the top ten investors in Suburban Propane Partners added 1.1 million shares to their positions.

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Top investors in Ferrellgas Partners

Ferrellgas Partners’ employees own nearly 23.4% of its outstanding shares through an employee stock ownership plan. James E. Ferrell, Ferrellgas Partners’ interim CEO and president, owns 4.9% of the company’s outstanding shares. Citi Investment Research, RMB Capital Management, and UBS Financial Services own 1.3%, 1.1%, and 0.9%, respectively, of Ferrellgas Partners’ outstanding shares.

The top ten investors in Ferrellgas Partners added net 1.2 million shares to their positions, according to the latest filings.

Top investors in Star Group

Yorktown Partners owns 14% of Star Group’s outstanding shares. Fidelity Management & Research Company owns 6.3% and Bandera Partners owns 6.2% of the company’s outstanding shares. Together, the top ten investors in Star Group added net 10 million shares to their positions, according to the latest filings.

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