Separately, TheStreet cut Via Renewables from a b rating to a c rating in a report on Monday, March 7th.
Shares of NASDAQ:VIA opened at $8.23 on Wednesday. The business’s fifty day moving average price is $7.93 and its two-hundred day moving average price is $10.16. Via Renewables has a fifty-two week low of $7.10 and a fifty-two week high of $12.35. The stock has a market capitalization of $293.48 million, a price-to-earnings ratio of 7.22 and a beta of 1.03. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.87 and a quick ratio of 2.87.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be paid a dividend of $0.181 per share. This represents a $0.72 annualized dividend and a dividend yield of 8.80%. The ex-dividend date is Tuesday, May 31st. Via Renewables’s dividend payout ratio (DPR) is presently 64.04%.
In related news, CEO W Keith Maxwell III bought 4,000 shares of the business’s stock in a transaction on Wednesday, March 23rd. The shares were purchased at an average price of $8.06 per share, with a total value of $32,240.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 5,600 shares of company stock worth $47,862 in the last ninety days. 66.05% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIA. Citigroup Inc. grew its holdings in shares of Via Renewables by 112.4% during the first quarter. Citigroup Inc. now owns 6,203 shares of the company’s stock worth $51,000 after buying an additional 3,282 shares in the last quarter. New York State Common Retirement Fund bought a new position in shares of Via Renewables during the third quarter worth about $77,000. Janney Montgomery Scott LLC bought a new position in shares of Via Renewables during the fourth quarter worth about $130,000. Martingale Asset Management L P bought a new position in Via Renewables in the first quarter valued at approximately $110,000. Finally, Firethorn Wealth Partners LLC bought a new position in Via Renewables in the first quarter valued at approximately $145,000. 16.90% of the stock is currently owned by institutional investors.
Via Renewables Company Profile (Get Rating)
Via Renewables, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates in two segments, Retail Electricity and Retail Natural Gas. The Retail Electricity segment engages in the transmission and sale of electricity to residential and commercial customers.
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