Spark Energy, Inc. (NASDAQ:SPKE) has earned an average recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $21.70.
A number of research analysts recently issued reports on SPKE shares. TheStreet cut Spark Energy from a “b” rating to a “c+” rating in a report on Monday, October 23rd. Zacks Investment Research cut Spark Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Janney Montgomery Scott raised Spark Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. ValuEngine cut Spark Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, B. Riley lowered Spark Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $23.50 to $17.00 in a research report on Tuesday, November 7th.
In other news, VP Gil Melman sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $15.89, for a total transaction of $63,560.00. Following the completion of the transaction, the vice president now directly owns 33,308 shares in the company, valued at approximately $529,264.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director W Keith Maxwell III bought 2,900 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were bought at an average price of $12.83 per share, with a total value of $37,207.00. Following the completion of the transaction, the director now directly owns 867,713 shares in the company, valued at approximately $11,132,757.79. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 143,240 shares of company stock valued at $2,219,111. Corporate insiders own 66.89% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. grew its position in shares of Spark Energy by 47.8% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 73,522 shares of the utilities provider’s stock worth $1,382,000 after buying an additional 23,761 shares during the period. Swiss National Bank acquired a new position in shares of Spark Energy in the 2nd quarter valued at approximately $365,000. Russell Investments Group Ltd. grew its position in shares of Spark Energy by 892.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 14,561 shares of the utilities provider’s stock valued at $274,000 after purchasing an additional 13,094 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Spark Energy by 129.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 30,891 shares of the utilities provider’s stock valued at $581,000 after purchasing an additional 17,435 shares during the period. Finally, Bard Associates Inc. grew its position in shares of Spark Energy by 98.8% in the 2nd quarter. Bard Associates Inc. now owns 182,330 shares of the utilities provider’s stock valued at $3,428,000 after purchasing an additional 90,615 shares during the period. Institutional investors own 35.27% of the company’s stock.
Spark Energy (SPKE) traded up $0.05 during trading on Thursday, hitting $13.60. The company had a trading volume of 143,531 shares, compared to its average volume of 167,665. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.63 and a quick ratio of 1.58. Spark Energy has a fifty-two week low of $11.30 and a fifty-two week high of $23.65. The company has a market capitalization of $470.97, a PE ratio of 16.79 and a beta of -1.68.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Wednesday, November 29th will be given a $0.1813 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.73 dividend on an annualized basis and a yield of 5.33%. Spark Energy’s payout ratio is 90.12%.
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About Spark Energy
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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