Spark Energy, Inc. (NASDAQ:SPKE) has received a consensus rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $21.70.

A number of research analysts have recently weighed in on SPKE shares. Zacks Investment Research cut Spark Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. ValuEngine raised Spark Energy from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. B. Riley downgraded Spark Energy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $23.50 to $17.00 in a research note on Tuesday, November 7th. Janney Montgomery Scott raised Spark Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 1st. Finally, TheStreet downgraded Spark Energy from a “b” rating to a “c+” rating in a research note on Monday, October 23rd.

In other Spark Energy news, VP Gil Melman sold 4,000 shares of Spark Energy stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $15.89, for a total value of $63,560.00. Following the sale, the vice president now owns 33,308 shares of the company’s stock, valued at approximately $529,264.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director W Keith Maxwell III acquired 47,779 shares of Spark Energy stock in a transaction on Friday, September 8th. The stock was purchased at an average cost of $15.26 per share, for a total transaction of $729,107.54. Following the purchase, the director now owns 743,959 shares in the company, valued at $11,352,814.34. The disclosure for this purchase can be found here. Insiders have purchased a total of 176,519 shares of company stock worth $2,753,628 in the last three months. 66.89% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in SPKE. Federated Investors Inc. PA bought a new stake in Spark Energy in the 2nd quarter worth approximately $194,000. Bank of Montreal Can increased its stake in Spark Energy by 63.0% in the 2nd quarter. Bank of Montreal Can now owns 10,528 shares of the utilities provider’s stock worth $198,000 after acquiring an additional 4,070 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Spark Energy by 159.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,716 shares of the utilities provider’s stock worth $201,000 after acquiring an additional 6,586 shares during the last quarter. Wedbush Securities Inc. bought a new stake in Spark Energy in the 3rd quarter worth approximately $203,000. Finally, Citadel Advisors LLC bought a new stake in Spark Energy in the 2nd quarter worth approximately $237,000. 35.27% of the stock is currently owned by institutional investors and hedge funds.

Spark Energy (SPKE) traded up $0.35 during mid-day trading on Thursday, hitting $13.45. The stock had a trading volume of 163,300 shares, compared to its average volume of 225,326. Spark Energy has a 12-month low of $11.30 and a 12-month high of $23.65. The company has a current ratio of 1.63, a quick ratio of 1.58 and a debt-to-equity ratio of 0.69. The stock has a market cap of $453.65, a PE ratio of 16.17 and a beta of -1.68.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Wednesday, November 29th will be paid a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Tuesday, November 28th. Spark Energy’s dividend payout ratio (DPR) is presently 90.12%.

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Spark Energy Company Profile

Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers across 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.

Analyst Recommendations for Spark Energy (NASDAQ:SPKE)

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