Shares of Spark Energy Inc (NASDAQ:SPKE) have been assigned a consensus rating of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $22.88.
Several equities analysts recently commented on the stock. ValuEngine downgraded shares of Spark Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 10th. Zacks Investment Research upgraded shares of Spark Energy from a “sell” rating to a “hold” rating in a report on Friday, February 9th. TheStreet upgraded shares of Spark Energy from a “c+” rating to a “b-” rating in a report on Monday, December 11th. B. Riley reiterated a “hold” rating on shares of Spark Energy in a report on Monday, March 12th. Finally, BidaskClub upgraded shares of Spark Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday.
In other Spark Energy news, VP Gil Melman sold 4,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $12.24, for a total value of $48,960.00. Following the completion of the sale, the vice president now directly owns 29,308 shares of the company’s stock, valued at approximately $358,729.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director W Keith Maxwell III acquired 36,600 shares of the stock in a transaction on Thursday, December 21st. The stock was bought at an average cost of $12.00 per share, with a total value of $439,200.00. Following the completion of the transaction, the director now owns 966,372 shares in the company, valued at $11,596,464. The disclosure for this purchase can be found here. 66.89% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Spark Energy by 7.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,312,194 shares of the utilities provider’s stock worth $19,813,000 after purchasing an additional 85,764 shares during the period. Crow Point Partners LLC lifted its position in shares of Spark Energy by 5.7% in the 4th quarter. Crow Point Partners LLC now owns 1,073,144 shares of the utilities provider’s stock worth $13,253,000 after purchasing an additional 57,426 shares during the period. BlackRock Inc. lifted its position in shares of Spark Energy by 2.5% in the 4th quarter. BlackRock Inc. now owns 951,317 shares of the utilities provider’s stock worth $11,795,000 after purchasing an additional 23,049 shares during the period. Sanders Morris Harris LLC purchased a new stake in shares of Spark Energy in the 4th quarter worth approximately $5,646,000. Finally, Peregrine Capital Management LLC lifted its position in shares of Spark Energy by 16.4% in the 4th quarter. Peregrine Capital Management LLC now owns 404,981 shares of the utilities provider’s stock worth $5,022,000 after purchasing an additional 57,186 shares during the period. 33.42% of the stock is owned by institutional investors.
Shares of Spark Energy (NASDAQ SPKE) traded down $0.70 during trading hours on Friday, reaching $12.00. 638,849 shares of the company traded hands, compared to its average volume of 330,227. The company has a market cap of $440.94, a P/E ratio of 14.81 and a beta of -1.66. Spark Energy has a one year low of $8.60 and a one year high of $23.65. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.58.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 2nd were given a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $0.73 annualized dividend and a yield of 6.04%. Spark Energy’s dividend payout ratio (DPR) is 90.12%.
Spark Energy Company Profile
Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers across the United States with an alternative choice for their natural gas and electricity. The Company operates through two segments: Retail Natural Gas Segment and Retail Electricity Segment.
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