Spark Energy (NASDAQ:SPKE) Stock Rating Lowered by ValuEngine

Spark Energy (NASDAQ:SPKE) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

SPKE has been the subject of several other research reports. Zacks Investment Research lowered shares of Spark Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. BidaskClub lowered shares of Spark Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th.

Shares of NASDAQ:SPKE traded up $0.17 during trading hours on Thursday, hitting $11.02. 164,210 shares of the company’s stock traded hands, compared to its average volume of 68,917. Spark Energy has a 52 week low of $7.20 and a 52 week high of $11.71. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.97. The company’s fifty day simple moving average is $11.17. The stock has a market cap of $385.04 million, a P/E ratio of -15.97 and a beta of -0.39.

Spark Energy (NASDAQ:SPKE) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported ($0.09) earnings per share for the quarter. Spark Energy had a net margin of 1.24% and a return on equity of 11.69%. The business had revenue of $242.71 million for the quarter, compared to the consensus estimate of $253.80 million. Analysts expect that Spark Energy will post -0.05 EPS for the current fiscal year.

In other Spark Energy news, Director W Keith Maxwell III acquired 11,476 shares of Spark Energy stock in a transaction dated Friday, May 17th. The stock was bought at an average price of $15.23 per share, for a total transaction of $174,779.48. Following the transaction, the director now owns 2,371,172 shares in the company, valued at approximately $36,112,949.56. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have bought 127,631 shares of company stock valued at $1,376,431. Insiders own 66.98% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in shares of Spark Energy by 13.5% in the fourth quarter. Bank of America Corp DE now owns 15,446 shares of the utilities provider’s stock worth $114,000 after buying an additional 1,840 shares during the period. Dupont Capital Management Corp acquired a new position in shares of Spark Energy in the first quarter worth about $123,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Spark Energy in the second quarter worth about $124,000. D. E. Shaw & Co. Inc. acquired a new position in shares of Spark Energy in the fourth quarter worth about $145,000. Finally, Two Sigma Investments LP acquired a new position in shares of Spark Energy in the fourth quarter worth about $181,000. Institutional investors own 30.71% of the company’s stock.

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 engages in the retail distribution of electricity and natural gas to residential and commercial customers.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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