Spark Energy Inc. (SPKE) Shares Down 1.7%
Shares of Spark Energy Inc. (NASDAQ:SPKE) fell 1.7% during mid-day trading on Tuesday . The company traded as low as $23.70 and last traded at $23.93, with a volume of 213,051 shares. The stock had previously closed at $24.34.
A number of research firms have recently issued reports on SPKE. Wunderlich upgraded shares of Spark Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $20.00 to $22.00 in a research note on Thursday, April 7th. FBR & Co restated a “buy” rating on shares of Spark Energy in a research note on Monday, June 6th. Robert W. Baird reiterated a “neutral” rating on shares of Spark Energy in a research note on Wednesday, March 30th. Zacks Investment Research upgraded shares of Spark Energy from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research note on Friday, April 22nd. Finally, Janney Montgomery Scott cut shares of Spark Energy from a “buy” rating to a “neutral” rating and set a $34.00 price objective for the company. in a research note on Friday, June 10th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Spark Energy presently has a consensus rating of “Hold” and a consensus target price of $29.20.
The firm has a 50 day moving average of $31.01 and a 200 day moving average of $26.34. The firm has a market capitalization of $138.71 million and a price-to-earnings ratio of 13.72.
Spark Energy (NASDAQ:SPKE) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.83 by $0.30. The firm had revenue of $110 million for the quarter, compared to analysts’ expectations of $110.44 million. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 EPS. On average, equities analysts expect that Spark Energy Inc. will post $1.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 13th. Stockholders of record on Monday, August 29th will be given a $0.3625 dividend. This represents a $1.45 annualized dividend and a dividend yield of 6.11%. The ex-dividend date is Thursday, August 25th.
In other news, Director W Keith Maxwell III sold 12,700 shares of Spark Energy stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $33.00, for a total value of $419,100.00. Following the completion of the transaction, the director now owns 92,850 shares of the company’s stock, valued at approximately $3,064,050. The transaction was disclosed in a legal filing 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. increased its stake in Spark Energy Inc. (NASDAQ:SPKE) by 20.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,693 shares of the company’s stock after buying an additional 10,600 shares during the period. Advisors Asset Management Inc. owned about 2.06% of Spark Energy worth $1,320,000 as of its most recent filing with the SEC.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.