BidaskClub upgraded shares of Spark Energy (NASDAQ:SPKE) from a strong sell rating to a sell rating in a research note released on Wednesday, March 14th.
Other analysts have also issued reports about the company. Zacks Investment Research lowered Spark Energy from a hold rating to a strong sell rating in a report on Friday, January 5th. B. Riley reiterated a hold rating on shares of Spark Energy in a report on Monday, March 12th. TheStreet upgraded Spark Energy from a c+ rating to a b- rating in a report on Monday, December 11th. Finally, ValuEngine downgraded Spark Energy from a buy rating to a hold rating in a research report on Saturday, March 10th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $21.79.
Spark Energy stock traded up $0.15 during mid-day trading on Wednesday, reaching $11.60. 189,650 shares of the company’s stock were exchanged, compared to its average volume of 360,858. The firm has a market capitalization of $397.54, a P/E ratio of -24.17 and a beta of -1.86. Spark Energy has a one year low of $8.60 and a one year high of $23.65. The company has a current ratio of 1.96, a quick ratio of 1.94 and a debt-to-equity ratio of 0.77.
The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 2nd were given a $0.1813 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date was Thursday, March 1st. Spark Energy’s dividend payout ratio is currently -152.08%.
Large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its position in Spark Energy by 159.5% in the second quarter. The Manufacturers Life Insurance Company now owns 10,716 shares of the utilities provider’s stock worth $201,000 after buying an additional 6,586 shares during the last quarter. First Trust Advisors LP purchased a new stake in Spark Energy in the fourth quarter worth $136,000. Allianz Asset Management GmbH purchased a new stake in Spark Energy in the third quarter worth $243,000. Stone Ridge Asset Management LLC purchased a new stake in Spark Energy in the fourth quarter worth $243,000. Finally, Nisa Investment Advisors LLC increased its position in Spark Energy by 42.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 20,020 shares of the utilities provider’s stock worth $248,000 after buying an additional 6,000 shares during the last quarter. 33.33% of the stock is owned by institutional investors and hedge funds.
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About Spark Energy
Spark Energy, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The company is involved in the retail distribution of electricity and natural gas to residential, commercial, and industrial customers.
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