Wall Street analysts expect Spark Energy, Inc. (NASDAQ:SPKE) to post sales of $232.64 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Spark Energy’s earnings, with estimates ranging from $219.70 million to $245.58 million. Spark Energy reported sales of $168.68 million in the same quarter last year, which would suggest a positive year over year growth rate of 37.9%. The business is scheduled to issue its next earnings results on Thursday, March 1st.
According to Zacks, analysts expect that Spark Energy will report full year sales of $232.64 million for the current financial year, with estimates ranging from $781.00 million to $808.86 million. For the next fiscal year, analysts expect that the business will post sales of $901.61 million per share, with estimates ranging from $879.60 million to $923.61 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Spark Energy.
A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded Spark Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. TheStreet downgraded shares of Spark Energy from a “b” rating to a “c+” rating in a research note on Monday, October 23rd. Janney Montgomery Scott raised shares of Spark Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 1st. ValuEngine raised shares of Spark Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, BidaskClub downgraded shares of Spark Energy from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Spark Energy currently has a consensus rating of “Hold” and a consensus target price of $22.21.
Shares of Spark Energy (NASDAQ:SPKE) remained flat at $$12.05 during trading hours on Friday. 116,700 shares of the company’s stock traded hands, compared to its average volume of 228,036. Spark Energy has a 52 week low of $11.54 and a 52 week high of $23.65. The company has a market cap of $417.29, a price-to-earnings ratio of 14.88 and a beta of -1.62. The company has a current ratio of 1.63, a quick ratio of 1.58 and a debt-to-equity ratio of 0.69.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Wednesday, November 29th will be paid a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend is Tuesday, November 28th. Spark Energy’s dividend payout ratio (DPR) is currently 90.12%.
In other news, VP Gil Melman sold 4,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $15.89, for a total value of $63,560.00. Following the transaction, the vice president now directly owns 33,308 shares of the company’s stock, valued at $529,264.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Keith Maxwell III purchased 47,779 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was bought at an average cost of $15.26 per share, for a total transaction of $729,107.54. Following the completion of the purchase, the director now directly owns 743,959 shares of the company’s stock, valued at approximately $11,352,814.34. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 160,719 shares of company stock worth $2,550,672. Company insiders own 66.89% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC increased its stake in shares of Spark Energy by 1.9% in the first quarter. Parametric Portfolio Associates LLC now owns 50,163 shares of the utilities provider’s stock worth $1,603,000 after acquiring an additional 934 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Spark Energy by 37.1% in the second quarter. Alliancebernstein L.P. now owns 13,300 shares of the utilities provider’s stock worth $250,000 after acquiring an additional 3,600 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Spark Energy by 63.0% in the second quarter. Bank of Montreal Can now owns 10,528 shares of the utilities provider’s stock worth $198,000 after acquiring an additional 4,070 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Spark Energy by 31.3% in the first quarter. TIAA CREF Investment Management LLC now owns 20,969 shares of the utilities provider’s stock worth $670,000 after acquiring an additional 5,002 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Spark Energy by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 182,478 shares of the utilities provider’s stock worth $3,431,000 after acquiring an additional 6,408 shares during the last quarter. 36.25% of the stock is currently owned by institutional investors and hedge funds.
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Spark Energy Company Profile
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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