BidaskClub cut shares of Spark Energy (NASDAQ:SPKE) from a hold rating to a sell rating in a research note issued to investors on Wednesday.
Other analysts have also recently issued research reports about the stock. ValuEngine cut shares of Spark Energy from a sell rating to a strong sell rating in a research note on Wednesday, May 2nd. B. Riley restated a hold rating on shares of Spark Energy in a research note on Monday, March 12th. Zacks Investment Research upgraded shares of Spark Energy from a sell rating to a hold rating in a research note on Friday, February 9th. Finally, Guggenheim reiterated a buy rating and issued a $18.00 price objective on shares of Spark Energy in a research note on Monday, April 23rd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Spark Energy presently has a consensus rating of Hold and an average price target of $21.75.
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NASDAQ SPKE opened at $11.40 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.94. Spark Energy has a 52-week low of $11.35 and a 52-week high of $11.65.
Spark Energy (NASDAQ:SPKE) last posted its earnings results on Friday, March 9th. The utilities provider reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($1.07). The company had revenue of $234.78 million for the quarter, compared to analyst estimates of $231.71 million. Spark Energy had a negative return on equity of 2.48% and a net margin of 2.37%. research analysts forecast that Spark Energy will post 0.68 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st will be paid a $0.1813 dividend. This represents a $0.73 annualized dividend and a yield of 6.36%. The ex-dividend date of this dividend is Wednesday, May 30th. Spark Energy’s dividend payout ratio (DPR) is -152.08%.
A number of institutional investors have recently modified their holdings of SPKE. Sanders Morris Harris LLC acquired a new stake in Spark Energy in the 4th quarter worth about $5,646,000. Heartland Advisors Inc. raised its stake in Spark Energy by 53.4% in the 4th quarter. Heartland Advisors Inc. now owns 374,350 shares of the utilities provider’s stock worth $4,642,000 after purchasing an additional 130,250 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Spark Energy by 50.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 274,964 shares of the utilities provider’s stock worth $4,125,000 after purchasing an additional 92,486 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Spark Energy in the 1st quarter worth about $867,000. Finally, Alliancebernstein L.P. raised its stake in Spark Energy by 40.9% in the 4th quarter. Alliancebernstein L.P. now owns 210,770 shares of the utilities provider’s stock worth $2,614,000 after purchasing an additional 61,160 shares in the last quarter. Institutional investors and hedge funds own 33.05% of the company’s stock.
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.