Spark Energy Inc (SPKE) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Spark Energy Inc (NASDAQ:SPKE) have earned an average rating of “Hold” from the seven analysts that are covering the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $35.25.
Several research firms have recently commented on SPKE. FBR & Co set a $33.00 price target on shares of Spark Energy and gave the company a “buy” rating in a research report on Saturday, March 4th. Ladenburg Thalmann Financial Services upped their price target on shares of Spark Energy from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, May 9th. TheStreet raised shares of Spark Energy from a “c” rating to a “b-” rating in a research report on Monday, May 8th. Guggenheim lowered shares of Spark Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 29th. Finally, Janney Montgomery Scott set a $35.00 price target on shares of Spark Energy and gave the company a “buy” rating in a research report on Monday, February 27th.
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Spark Energy (NASDAQ:SPKE) traded up 0.197% during trading on Friday, hitting $38.125. 92,196 shares of the stock traded hands. The firm has a 50-day moving average price of $34.37 and a 200 day moving average price of $29.35. The company has a market cap of $247.77 million, a P/E ratio of 38.432 and a beta of -1.76. Spark Energy has a 52-week low of $22.57 and a 52-week high of $38.70.
Spark Energy (NASDAQ:SPKE) last released its quarterly earnings results on Monday, May 8th. The utilities provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.43. Spark Energy had a net margin of 1.52% and a return on equity of 16.38%. The business had revenue of $194.35 million for the quarter, compared to analysts’ expectations of $140.07 million. On average, equities analysts expect that Spark Energy will post $2.49 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Tuesday, May 30th will be issued a $0.3625 dividend. This represents a $1.45 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Thursday, May 25th.
In other news, Director James G. Jones II bought 1,000 shares of Spark Energy stock in a transaction that occurred on Wednesday, March 8th. The stock was bought at an average cost of $26.96 per share, with a total value of $26,960.00. Following the acquisition, the director now owns 13,677 shares of the company’s stock, valued at approximately $368,731.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Keith Maxwell III bought 5,615 shares of Spark Energy stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average cost of $37.69 per share, with a total value of $211,629.35. Following the completion of the acquisition, the director now directly owns 328,963 shares in the company, valued at approximately $12,398,615.47. The disclosure for this purchase can be found here. Insiders purchased a total of 29,847 shares of company stock valued at $1,080,130 over the last three months. 57.88% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in SPKE. Lucus Advisors LLC purchased a new stake in Spark Energy during the first quarter valued at about $415,000. Bard Associates Inc. raised its stake in Spark Energy by 0.8% in the first quarter. Bard Associates Inc. now owns 91,715 shares of the utilities provider’s stock valued at $2,930,000 after buying an additional 700 shares in the last quarter. UBS Group AG raised its stake in Spark Energy by 40.7% in the first quarter. UBS Group AG now owns 38,771 shares of the utilities provider’s stock valued at $1,238,000 after buying an additional 11,214 shares in the last quarter. Blackstart Capital LP purchased a new stake in Spark Energy during the first quarter valued at about $1,157,000. Finally, Vanguard Group Inc. raised its stake in Spark Energy by 10.8% in the first quarter. Vanguard Group Inc. now owns 558,662 shares of the utilities provider’s stock valued at $17,849,000 after buying an additional 54,323 shares in the last quarter. 38.79% of the stock is owned by institutional investors.
Spark Energy Company Profile
Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers in the United States with an alternative choice for their natural gas and electricity. The Company operates through two segments: Retail Natural Gas Segment and Retail Electricity Segment.
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