Spark Energy Inc (SPKE) Receives Consensus Recommendation of “Hold” from Analysts

Spark Energy Inc (NASDAQ:SPKE) has been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $12.67.

SPKE has been the subject of a number of recent analyst reports. Zacks Investment Research raised Spark Energy from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a report on Wednesday, January 9th. B. Riley reduced their target price on Spark Energy from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, March 5th. BidaskClub downgraded Spark Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, January 19th. Finally, ValuEngine raised Spark Energy from a “strong sell” rating to a “sell” rating in a report on Monday.

NASDAQ:SPKE traded down $0.01 during midday trading on Wednesday, reaching $9.15. The stock had a trading volume of 81,223 shares, compared to its average volume of 111,988. Spark Energy has a 12-month low of $7.20 and a 12-month high of $12.70. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.06 and a quick ratio of 2.03. The firm has a market cap of $316.91 million, a price-to-earnings ratio of -13.26 and a beta of -0.55.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.1813 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 7.92%. The ex-dividend date was Thursday, February 28th. Spark Energy’s dividend payout ratio (DPR) is currently -105.80%.

In other Spark Energy news, CEO Nathan Kroeker sold 5,000 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $9.90, for a total value of $49,500.00. Following the completion of the sale, the chief executive officer now owns 95,449 shares of the company’s stock, valued at $944,945.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 67.63% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in Spark Energy by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 1,022,946 shares of the utilities provider’s stock valued at $8,440,000 after acquiring an additional 11,585 shares during the period. Vanguard Group Inc raised its stake in shares of Spark Energy by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 616,598 shares of the utilities provider’s stock worth $5,087,000 after buying an additional 4,886 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Spark Energy by 54.4% during the 3rd quarter. Nordea Investment Management AB now owns 507,331 shares of the utilities provider’s stock worth $4,185,000 after buying an additional 178,854 shares during the last quarter. Peregrine Capital Management LLC raised its stake in shares of Spark Energy by 49.8% during the 4th quarter. Peregrine Capital Management LLC now owns 398,023 shares of the utilities provider’s stock worth $2,957,000 after buying an additional 132,336 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Spark Energy by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 146,147 shares of the utilities provider’s stock worth $1,085,000 after buying an additional 3,459 shares during the last quarter. 32.39% of the stock is owned by institutional investors.

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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