Spark Energy Inc (NASDAQ:SPKE) has received a consensus rating of “Hold” from the eight analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $18.33.
Several equities research analysts have recently issued reports on the company. BidaskClub lowered Spark Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, May 18th. Zacks Investment Research raised Spark Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 15th. B. Riley reissued a “hold” rating on shares of Spark Energy in a research note on Monday, March 12th. Finally, ValuEngine lowered Spark Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 10th.
NASDAQ:SPKE opened at $9.95 on Monday. The company has a market capitalization of $353.18 million, a PE ratio of -20.73 and a beta of -1.93. Spark Energy has a 1 year low of $8.60 and a 1 year high of $22.00. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.98 and a quick ratio of 1.98.
Spark Energy (NASDAQ:SPKE) last posted its quarterly earnings data on Wednesday, May 9th. The utilities provider reported ($1.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($1.28). The company had revenue of $286.69 million during the quarter, compared to the consensus estimate of $213.53 million. Spark Energy had a net margin of 0.48% and a return on equity of 3.35%. research analysts expect that Spark Energy will post -0.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 14th. Investors of record on Thursday, May 31st were paid a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date was Wednesday, May 30th. Spark Energy’s dividend payout ratio is currently -152.08%.
Several hedge funds have recently modified their holdings of SPKE. Sanders Morris Harris LLC bought a new stake in shares of Spark Energy during the 4th quarter worth approximately $5,646,000. Millennium Management LLC bought a new stake in Spark Energy during the 1st quarter valued at $2,469,000. Cambridge Investment Research Advisors Inc. bought a new stake in Spark Energy during the 1st quarter valued at $867,000. Alliancebernstein L.P. raised its position in Spark Energy by 40.9% during the 4th quarter. Alliancebernstein L.P. now owns 210,770 shares of the utilities provider’s stock valued at $2,614,000 after purchasing an additional 61,160 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Spark Energy by 19.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 328,385 shares of the utilities provider’s stock valued at $4,072,000 after purchasing an additional 53,421 shares in the last quarter. 31.70% of the stock is owned by hedge funds and other institutional investors.
Spark Energy Company Profile
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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