Spark Energy Inc (NASDAQ:SPKE) – Research analysts at B. Riley upped their Q2 2019 EPS estimates for shares of Spark Energy in a note issued to investors on Tuesday, March 5th. B. Riley analyst C. Driscoll now forecasts that the utilities provider will post earnings of $0.03 per share for the quarter, up from their previous forecast of ($0.06). B. Riley currently has a “Neutral” rating and a $10.00 target price on the stock. B. Riley also issued estimates for Spark Energy’s Q3 2019 earnings at $0.01 EPS, Q4 2019 earnings at $0.01 EPS and FY2019 earnings at $0.05 EPS.
A number of other analysts have also recently weighed in on SPKE. BidaskClub cut shares of Spark Energy from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded shares of Spark Energy from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, ValuEngine upgraded shares of Spark Energy from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Spark Energy has an average rating of “Hold” and an average price target of $12.25.
Shares of NASDAQ:SPKE opened at $9.16 on Thursday. The company has a market cap of $324.04 million, a P/E ratio of -19.08 and a beta of -0.62. Spark Energy has a 1-year low of $7.20 and a 1-year high of $13.35. The company has a quick ratio of 2.33, a current ratio of 2.36 and a debt-to-equity ratio of 1.01.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a $0.1813 dividend. The ex-dividend date is Thursday, February 28th. This represents a $0.73 annualized dividend and a dividend yield of 7.91%. Spark Energy’s dividend payout ratio (DPR) is presently -152.08%.
In related news, CEO Nathan Kroeker sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $9.90, for a total value of $49,500.00. Following the completion of the sale, the chief executive officer now owns 95,449 shares in the company, valued at approximately $944,945.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 67.63% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of SPKE. Virtu Financial LLC purchased a new stake in Spark Energy in the 4th quarter worth approximately $84,000. Trexquant Investment LP purchased a new stake in Spark Energy in the 3rd quarter worth approximately $110,000. Rhumbline Advisers lifted its position in Spark Energy by 44.1% in the 4th quarter. Rhumbline Advisers now owns 15,169 shares of the utilities provider’s stock worth $113,000 after buying an additional 4,640 shares in the last quarter. Bank of America Corp DE lifted its position in Spark Energy by 13.5% in the 4th quarter. Bank of America Corp DE now owns 15,446 shares of the utilities provider’s stock worth $114,000 after buying an additional 1,840 shares in the last quarter. Finally, Jefferies Group LLC purchased a new stake in Spark Energy in the 3rd quarter worth approximately $131,000. Institutional investors and hedge funds own 31.85% of the company’s stock.
About Spark Energy
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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