Via Renewables (NASDAQ:VIA) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Via Renewables (NASDAQ:VIA) in a research report released on Wednesday morning. The brokerage issued a hold rating on the stock.

Via Renewables Stock Performance

NASDAQ:VIA opened at $10.80 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 2.51. The firm has a market capitalization of $78.08 million, a price-to-earnings ratio of 11.37 and a beta of 1.31. The firm’s fifty day simple moving average is $10.84 and its 200 day simple moving average is $9.46. Via Renewables has a twelve month low of $5.22 and a twelve month high of $18.48.

Via Renewables (NASDAQ:VIA) last posted its earnings results on Wednesday, February 28th. The company reported ($0.93) earnings per share 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%.

Hedge Funds Weigh In On Via Renewables

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. lifted its holdings in shares of Via Renewables by 112.4% during the 1st quarter. Citigroup Inc. now owns 6,203 shares of the company’s stock valued at $51,000 after acquiring an additional 3,282 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in Via Renewables in the 2nd quarter worth $72,000. Schonfeld Strategic Advisors LLC acquired a new position in Via Renewables in the 4th quarter worth $58,000. FMR LLC lifted its holdings in Via Renewables by 1,109.4% in the 2nd quarter. FMR LLC now owns 11,332 shares of the company’s stock worth $87,000 after buying an additional 10,395 shares in the last quarter. Finally, Bailard Inc. acquired a new position in Via Renewables in the 4th quarter worth $118,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

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.