Spark Energy Inc (NASDAQ:SPKE) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $7.92 and last traded at $7.95, with a volume of 3211 shares changing hands. The stock had previously closed at $8.05.
SPKE has been the topic of several analyst reports. BidaskClub lowered shares of Spark Energy from a “sell” rating to a “strong sell” rating in a report on Friday, July 20th. B. Riley set a $11.00 target price on shares of Spark Energy and gave the stock a “hold” rating in a report on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Spark Energy currently has a consensus rating of “Hold” and a consensus target price of $14.50.
The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.18 and a current ratio of 2.20. The firm has a market capitalization of $277.28 million, a price-to-earnings ratio of 20.92 and a beta of -1.95.
Spark Energy (NASDAQ:SPKE) last posted its earnings results on Thursday, August 2nd. The utilities provider reported $0.41 earnings per share for the quarter. Spark Energy had a net margin of 1.10% and a return on equity of 8.44%. The business had revenue of $232.25 million for the quarter, compared to analyst estimates of $200.33 million. equities analysts predict that Spark Energy Inc will post -0.48 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th were issued a $0.1813 dividend. This represents a $0.73 annualized dividend and a dividend yield of 8.95%. The ex-dividend date of this dividend was Wednesday, August 29th. Spark Energy’s payout ratio is -152.08%.
In other news, VP Gil Melman sold 15,862 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $8.75, for a total value of $138,792.50. Following the sale, the vice president now owns 1,100 shares of the company’s stock, valued at approximately $9,625. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director W Keith Maxwell III bought 10,000 shares of the stock in a transaction dated Monday, September 24th. The stock was purchased at an average cost of $8.10 per share, for a total transaction of $81,000.00. Following the acquisition, the director now owns 1,010,240 shares in the company, valued at approximately $8,182,944. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 16,000 shares of company stock worth $130,250 and sold 68,223 shares worth $597,922. 66.89% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Cambria Investment Management L.P. bought a new stake in Spark Energy during the 1st quarter worth about $128,000. Nisa Investment Advisors LLC grew its holdings in Spark Energy by 2,619.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 11,420 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 11,000 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Spark Energy during the 1st quarter worth about $135,000. Wells Fargo & Company MN grew its holdings in Spark Energy by 3.4% during the 1st quarter. Wells Fargo & Company MN now owns 349,162 shares of the utilities provider’s stock worth $4,136,000 after acquiring an additional 11,464 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Spark Energy during the 2nd quarter worth about $118,000. 32.49% of the stock is currently owned by institutional investors and hedge funds.
About Spark Energy (NASDAQ:SPKE)
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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