Via Renewables, Inc.’s Quiet Period To Expire Tomorrow (NASDAQ:VIASP)

Via Renewables’ (NASDAQ:VIASP) quiet period is set to end on Wednesday, October 22nd. Via Renewables had issued 10,714,285 shares in its public offering on September 12th. The total size of the offering was $492,857,110 based on an initial share price of $46.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Via Renewables Trading Up 1.5%

NASDAQ VIASP opened at $25.53 on Tuesday. The company’s 50 day simple moving average is $25.69 and its 200 day simple moving average is $25.02. Via Renewables has a 12 month low of $20.56 and a 12 month high of $26.68.

Via Renewables Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, January 1st will be paid a dividend of $0.6715 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.69 annualized dividend and a dividend yield of 10.5%.

Insider Buying and Selling

In other Via Renewables news, insider Erin Abrams sold 25,000 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $43.10, for a total transaction of $1,077,500.00. Following the sale, the insider directly owned 121,014 shares of the company’s stock, valued at $5,215,703.40. The trade was a 17.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nechemia Jacob Peres sold 388,645 shares of Via Renewables stock in a transaction on Monday, September 15th. The shares were sold at an average price of $43.10, for a total value of $16,750,599.50. Following the transaction, the director owned 6,425 shares in the company, valued at $276,917.50. This represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 913,645 shares of company stock worth $39,378,100 in the last three months.

Via Renewables Company Profile

Via Renewables, 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 Retail Electricity segment engages in the transmission and sale of electricity to residential and commercial customers.