Spark Energy Inc. (SPKE) Trading Down 3.1%
Spark Energy Inc. (NASDAQ:SPKE)’s share price traded down 3.1% on Wednesday . The stock traded as low as $25.40 and last traded at $26.25, with a volume of 375,410 shares trading hands. The stock had previously closed at $27.08.
Several equities analysts have weighed in on the company. Wunderlich raised their target price on Spark Energy from $22.00 to $30.00 and gave the company a “buy” rating in a report on Friday, May 6th. FBR & Co raised their target price on Spark Energy from $27.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, May 6th. Janney Montgomery Scott cut their target price on Spark Energy from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, March 25th. Robert W. Baird restated a “neutral” rating on shares of Spark Energy in a report on Wednesday, March 30th. Finally, Zacks Investment Research upgraded Spark Energy from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a report on Friday, April 22nd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Spark Energy presently has a consensus rating of “Hold” and an average price target of $29.20.
The firm has a market cap of $146.89 million and a price-to-earnings ratio of 14.53. The company has a 50-day moving average price of $31.59 and a 200-day moving average price of $26.18.
Spark Energy (NASDAQ:SPKE) last released its quarterly earnings data on Wednesday, May 4th. The company reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.30. The firm earned $110 million during the quarter, compared to the consensus estimate of $110.44 million. Spark Energy’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. Equities research analysts predict that Spark Energy Inc. will post $1.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 13th. Investors of record on Monday, August 29th will be paid a $0.3625 dividend. This represents a $1.45 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend is Thursday, August 25th.
In related news, Director W Keith Maxwell III sold 21,353 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $30.02, for a total value of $641,017.06. Following the completion of the transaction, the director now directly owns 92,850 shares of the company’s stock, valued at approximately $2,787,357. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
A hedge fund recently raised its stake in Spark Energy stock. Advisors Asset Management Inc. raised its position in Spark Energy Inc. (NASDAQ:SPKE) by 20.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,693 shares of the company’s stock after buying an additional 10,600 shares during the period. Advisors Asset Management Inc. owned approximately 2.06% of Spark Energy worth $1,320,000 at the end of the most recent quarter.
Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative choice for their natural gas and electricity. The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment.
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