Spark Energy Inc (SPKE) Given Average Recommendation of “Hold” by Brokerages

Spark Energy Inc (NASDAQ:SPKE) has been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $14.50.

Several analysts recently issued reports on SPKE shares. BidaskClub cut shares of Spark Energy from a “hold” rating to a “sell” rating in a report on Tuesday, October 30th. B. Riley set a $11.00 price target on shares of Spark Energy and gave the company a “hold” rating in a report on Monday, August 6th.

Shares of NASDAQ SPKE traded up $0.19 during trading on Friday, reaching $7.85. 191,077 shares of the stock were exchanged, compared to its average volume of 103,883. Spark Energy has a twelve month low of $7.33 and a twelve month high of $15.20. The company has a current ratio of 2.20, a quick ratio of 2.18 and a debt-to-equity ratio of 1.01. The stock has a market cap of $273.79 million, a P/E ratio of -16.35 and a beta of -1.48.

Spark Energy (NASDAQ:SPKE) last posted its earnings results on Friday, November 2nd. The utilities provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.31. The business had revenue of $258.48 million for the quarter, compared to analysts’ expectations of $240.69 million. Spark Energy had a net margin of 1.10% and a return on equity of 21.26%. On average, research analysts expect that Spark Energy will post -0.48 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.1813 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.73 annualized dividend and a yield of 9.24%. Spark Energy’s dividend payout ratio is presently -152.08%.

In other Spark Energy news, VP Gil Melman sold 32,361 shares of the stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $8.78, for a total transaction of $284,129.58. Following the sale, the vice president now directly owns 16,962 shares of the company’s stock, valued at $148,926.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Keith Maxwell III bought 5,000 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were acquired at an average cost of $8.25 per share, for a total transaction of $41,250.00. Following the completion of the acquisition, the director now directly owns 996,222 shares of the company’s stock, valued at approximately $8,218,831.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 180,098 shares of company stock worth $1,472,084 and sold 68,223 shares worth $597,922. Corporate insiders own 66.89% of the company’s stock.

Several large investors have recently modified their holdings of the business. Millennium Management LLC raised its holdings in shares of Spark Energy by 175.5% during the second quarter. Millennium Management LLC now owns 574,173 shares of the utilities provider’s stock worth $5,598,000 after purchasing an additional 365,786 shares during the period. Covalis Capital LLP acquired a new stake in shares of Spark Energy during the second quarter worth $812,000. Baird Financial Group Inc. acquired a new stake in shares of Spark Energy during the second quarter worth $138,000. Citadel Advisors LLC acquired a new stake in shares of Spark Energy during the second quarter worth $118,000. Finally, BlackRock Inc. raised its holdings in shares of Spark Energy by 2.9% during the second quarter. BlackRock Inc. now owns 967,722 shares of the utilities provider’s stock worth $9,435,000 after purchasing an additional 27,423 shares during the period. 32.40% of the stock is currently owned by 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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