Via Renewables (NASDAQ:VIA) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Via Renewables (NASDAQ:VIA) in a report released on Wednesday. The firm set a “hold” rating on the stock.

Via Renewables Stock Up 0.3 %

NASDAQ VIA opened at $10.83 on Wednesday. The stock’s 50-day moving average price is $10.83 and its 200-day moving average price is $9.45. The company has a quick ratio of 1.95, a current ratio of 1.99 and a debt-to-equity ratio of 2.51. Via Renewables has a 52 week low of $5.22 and a 52 week high of $18.48. The company has a market capitalization of $78.30 million, a P/E ratio of 11.40 and a beta of 1.31.

Via Renewables (NASDAQ:VIA) last issued its earnings results on Wednesday, February 28th. The company reported ($0.93) earnings per share (EPS) for the quarter. The business had revenue of $101.70 million for the quarter. Via Renewables had a net margin of 3.44% and a return on equity of 48.61%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VIA. JPMorgan Chase & Co. boosted its stake in shares of Via Renewables by 52.1% in the first quarter. JPMorgan Chase & Co. now owns 832,909 shares of the company’s stock worth $6,863,000 after buying an additional 285,232 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Via Renewables in the third quarter valued at approximately $851,000. Morgan Stanley grew its position in Via Renewables by 135.9% in the fourth quarter. Morgan Stanley now owns 189,121 shares of the company’s stock worth $966,000 after acquiring an additional 108,960 shares during the period. Marshall Wace LLP grew its position in Via Renewables by 94.1% in the fourth quarter. Marshall Wace LLP now owns 181,167 shares of the company’s stock worth $926,000 after acquiring an additional 87,830 shares during the period. Finally, Millennium Management LLC grew its position in Via Renewables by 257.7% in the second quarter. Millennium Management LLC now owns 91,986 shares of the company’s stock worth $705,000 after acquiring an additional 66,271 shares during the period. 74.40% of the stock is owned by institutional investors.

About Via Renewables

Via Renewables, 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 Retail Electricity segment engages in the transmission and sale of electricity to residential and commercial customers.