Shares of Spark Energy Inc. (NASDAQ:SPKE) traded down 3.3% during trading on Thursday . The stock traded as low as $31.63 and last traded at $31.63, with a volume of 113,384 shares changing hands. The stock had previously closed at $32.72.

Several brokerages have issued reports on SPKE. Janney Montgomery Scott lowered Spark Energy from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a research note on Friday, June 10th. They noted that the move was a valuation call. FBR & Co reissued a “buy” rating on shares of Spark Energy in a research note on Monday, June 6th. Wunderlich boosted their price target on Spark Energy from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, May 6th. Zacks Investment Research raised Spark Energy from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research note on Friday, April 22nd. Finally, TheStreet raised Spark Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 23rd. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $29.20.

The stock’s 50-day moving average is $32.31 and its 200 day moving average is $25.71. The firm has a market cap of $186.92 million and a PE ratio of 18.49.

Spark Energy (NASDAQ:SPKE) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $1.13 earnings per share for the quarter, beating the Zacks’ 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. On average, equities research analysts anticipate that Spark Energy Inc. will post $1.97 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 14th. Investors of record on Tuesday, May 31st were given a dividend of $0.3625 per share. The ex-dividend date was Thursday, May 26th. This represents a $1.45 annualized dividend and a yield of 4.53%.

In related news, Director W Keith Maxwell III sold 12,700 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $33.00, for a total transaction of $419,100.00. Following the transaction, the director now directly owns 92,850 shares in the company, valued at approximately $3,064,050. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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, Holdings Channel reports. 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 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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