Spark Energy Inc. (NASDAQ:SPKE) shares fell 3.1% during mid-day trading on Wednesday . The company traded as low as $25.40 and last traded at $26.25, with a volume of 375,410 shares changing hands. The stock had previously closed at $27.08.

A number of brokerages have issued reports on SPKE. Wunderlich boosted their price target 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 upped their target price on Spark Energy from $27.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, May 6th. Janney Montgomery Scott reduced their target price on Spark Energy from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, March 25th. Robert W. Baird reaffirmed a “neutral” rating on shares of Spark Energy in a research note on Wednesday, March 30th. Finally, Zacks Investment Research raised Spark Energy from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research note on Friday, April 22nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Spark Energy has an average rating of “Hold” and an average target price of $29.20.

The company’s 50-day moving average is $31.86 and its 200-day moving average is $26.19. The stock has a market capitalization of $149.41 million and a PE ratio of 14.78.

Spark Energy (NASDAQ:SPKE) last issued its earnings results on Wednesday, May 4th. The company reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.30. During the same period in the previous year, the company earned $0.80 EPS. The company earned $110 million during the quarter, compared to analysts’ expectations of $110.44 million. Spark Energy’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts predict that Spark Energy Inc. will post $1.97 earnings per share for the current year.

In other news, Director W Keith Maxwell III sold 63,720 shares of the company’s stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of $30.91, for a total value of $1,969,585.20. Following the completion of the sale, the director now owns 92,850 shares of the company’s stock, valued at $2,869,993.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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. 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 reporting period.

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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