Spark Energy Inc (NASDAQ:SPKE) has been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $22.88.
A number of research firms recently commented on SPKE. TheStreet upgraded shares of Spark Energy from a “c+” rating to a “b-” rating in a research note on Monday, December 11th. BidaskClub upgraded shares of Spark Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 14th. Zacks Investment Research lowered shares of Spark Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, January 5th. B. Riley reiterated a “hold” rating on shares of Spark Energy in a research note on Monday, March 12th. Finally, ValuEngine lowered shares of Spark Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 10th.
In other Spark Energy news, VP Gil Melman sold 4,000 shares of Spark Energy stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $12.24, for a total value of $48,960.00. Following the transaction, the vice president now owns 29,308 shares in the company, valued at $358,729.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director W Keith Maxwell III purchased 36,600 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was acquired at an average price of $12.00 per share, for a total transaction of $439,200.00. Following the transaction, the director now owns 966,372 shares of the company’s stock, valued at approximately $11,596,464. The disclosure for this purchase can be found here. 66.89% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of SPKE. Northern Trust Corp grew its position in Spark Energy by 180.7% in the second quarter. Northern Trust Corp now owns 175,906 shares of the utilities provider’s stock worth $3,307,000 after buying an additional 113,243 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Spark Energy by 100.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 219,950 shares of the utilities provider’s stock worth $4,135,000 after purchasing an additional 109,975 shares during the period. State Street Corp boosted its stake in Spark Energy by 126.3% in the 2nd quarter. State Street Corp now owns 209,922 shares of the utilities provider’s stock worth $3,951,000 after purchasing an additional 117,139 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Spark Energy by 159.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,716 shares of the utilities provider’s stock worth $201,000 after purchasing an additional 6,586 shares during the period. Finally, California State Teachers Retirement System boosted its stake in Spark Energy by 107.1% in the 2nd quarter. California State Teachers Retirement System now owns 20,404 shares of the utilities provider’s stock worth $384,000 after purchasing an additional 10,552 shares during the period. Hedge funds and other institutional investors own 33.42% of the company’s stock.
Shares of Spark Energy (NASDAQ:SPKE) traded up $0.05 during trading hours on Friday, hitting $12.25. 55,102 shares of the company’s stock traded hands, compared to its average volume of 269,648. Spark Energy has a 12 month low of $8.60 and a 12 month high of $23.65. The firm has a market capitalization of $416.64, a price-to-earnings ratio of 14.81 and a beta of -1.66. The company has a quick ratio of 1.94, a current ratio of 1.96 and a debt-to-equity ratio of 0.77.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, March 2nd were paid a dividend of $0.1813 per share. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $0.73 dividend on an annualized basis and a dividend yield of 5.92%. Spark Energy’s dividend payout ratio is presently 90.12%.
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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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