ValuEngine cut shares of Spark Energy, Inc. (NASDAQ:SPKE) from a buy rating to a hold rating in a report released on Thursday morning.

A number of other research firms also recently issued reports on SPKE. Zacks Investment Research upgraded shares of Spark Energy from a hold rating to a buy rating and set a $23.00 price objective on the stock in a research note on Wednesday, August 2nd. B. Riley downgraded shares of Spark Energy from a buy rating to a neutral rating and lowered their target price for the company from $23.50 to $17.00 in a research note on Tuesday, November 7th. BidaskClub downgraded shares of Spark Energy from a hold rating to a sell rating in a research note on Thursday, August 3rd. Janney Montgomery Scott upgraded shares of Spark Energy from a neutral rating to a buy rating in a research note on Wednesday, November 1st. Finally, TheStreet downgraded shares of Spark Energy from a b rating to a c+ rating in a research note on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $22.21.

Spark Energy (NASDAQ:SPKE) opened at $12.05 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.34 and a current ratio of 1.63. Spark Energy has a one year low of $11.54 and a one year high of $23.65. The stock has a market cap of $417.29, a P/E ratio of 14.88 and a beta of -1.62.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Wednesday, November 29th will be paid a $0.1813 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.73 annualized dividend and a yield of 6.02%. Spark Energy’s dividend payout ratio (DPR) is 90.12%.

In other Spark Energy news, VP Gil Melman sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $15.89, for a total value of $63,560.00. Following the completion of the transaction, the vice president now owns 33,308 shares of the company’s stock, valued at $529,264.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director W Keith Maxwell III purchased 47,779 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was bought at an average cost of $15.26 per share, with a total value of $729,107.54. Following the acquisition, the director now owns 743,959 shares of the company’s stock, valued at approximately $11,352,814.34. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 160,719 shares of company stock valued at $2,550,672. 66.89% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Spark Energy by 7.0% in the third quarter. JPMorgan Chase & Co. now owns 1,312,194 shares of the utilities provider’s stock worth $19,813,000 after buying an additional 85,764 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Spark Energy by 118.4% in the second quarter. Vanguard Group Inc. now owns 1,220,209 shares of the utilities provider’s stock worth $22,941,000 after buying an additional 661,547 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Spark Energy by 108.7% in the second quarter. American Century Companies Inc. now owns 1,065,211 shares of the utilities provider’s stock worth $20,026,000 after buying an additional 554,707 shares during the last quarter. Crow Point Partners LLC raised its holdings in shares of Spark Energy by 68.1% in the second quarter. Crow Point Partners LLC now owns 1,022,954 shares of the utilities provider’s stock worth $20,203,000 after buying an additional 414,395 shares during the last quarter. Finally, LSV Asset Management raised its holdings in shares of Spark Energy by 90.6% in the second quarter. LSV Asset Management now owns 823,992 shares of the utilities provider’s stock worth $15,491,000 after buying an additional 391,646 shares during the last quarter. 36.71% of the stock is owned by institutional investors and hedge funds.

Spark Energy Company Profile

Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers across the United States with an alternative choice for their natural gas and electricity. The Company operates through two segments: Retail Natural Gas Segment and Retail Electricity Segment.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Spark Energy (NASDAQ:SPKE)

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