Spark Energy Inc (NASDAQ:SPKE) – Stock analysts at B. Riley issued their Q2 2018 earnings per share estimates for shares of Spark Energy in a research report issued to clients and investors on Monday. B. Riley analyst C. Driscoll forecasts that the utilities provider will post earnings per share of $0.02 for the quarter. B. Riley currently has a “Hold” rating on the stock. B. Riley also issued estimates for Spark Energy’s Q3 2018 earnings at $0.15 EPS and Q4 2018 earnings at $0.31 EPS.
Other equities research analysts also recently issued reports about the stock. TheStreet upgraded shares of Spark Energy from a “c+” rating to a “b-” rating in a research note on Monday, December 11th. ValuEngine downgraded shares of Spark Energy from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Investment Research upgraded shares of Spark Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $21.79.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.1813 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.73 annualized dividend and a yield of 6.12%. Spark Energy’s dividend payout ratio (DPR) is presently 90.12%.
In other Spark Energy news, VP Gil Melman sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $12.24, for a total transaction of $48,960.00. Following the completion of the sale, the vice president now directly owns 29,308 shares in the company, valued at $358,729.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Keith Maxwell III acquired 7,200 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were bought at an average price of $11.88 per share, with a total value of $85,536.00. Following the completion of the transaction, the director now directly owns 952,122 shares of the company’s stock, valued at $11,311,209.36. The disclosure for this purchase can be found here. Insiders have acquired 45,300 shares of company stock valued at $542,796 over the last 90 days. Company insiders own 66.89% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Spark Energy by 7.0% in the third quarter. JPMorgan Chase & Co. now owns 1,312,194 shares of the utilities provider’s stock valued at $19,813,000 after buying an additional 85,764 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Spark Energy by 118.4% in the second quarter. Vanguard Group Inc. now owns 1,220,209 shares of the utilities provider’s stock valued at $22,941,000 after buying an additional 661,547 shares in the last quarter. Crow Point Partners LLC raised its position in shares of Spark Energy by 5.7% in the fourth quarter. Crow Point Partners LLC now owns 1,073,144 shares of the utilities provider’s stock valued at $13,253,000 after buying an additional 57,426 shares in the last quarter. BlackRock Inc. raised its position in shares of Spark Energy by 2.5% in the fourth quarter. BlackRock Inc. now owns 951,317 shares of the utilities provider’s stock valued at $11,795,000 after buying an additional 23,049 shares in the last quarter. Finally, Sanders Morris Harris LLC acquired a new stake in shares of Spark Energy in the fourth quarter valued at approximately $5,646,000. Institutional investors own 33.42% of the company’s stock.
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.
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