ValuEngine cut shares of Spark Energy (NASDAQ:SPKE) from a buy rating to a hold rating in a report issued on Saturday morning.
A number of other brokerages also recently issued reports on SPKE. B. Riley set a $14.00 price target on Spark Energy and gave the company a neutral rating in a report on Wednesday, March 7th. Zacks Investment Research downgraded Spark Energy from a hold rating to a strong sell rating in a report on Friday, January 5th. Finally, TheStreet upgraded Spark Energy from a c+ rating to a b- rating in a research report on Monday, December 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $21.79.
Spark Energy (NASDAQ:SPKE) opened at $11.85 on Friday. The stock has a market capitalization of $428.69, a price-to-earnings ratio of 14.63 and a beta of -1.65. The company has a current ratio of 1.63, a quick ratio of 1.58 and a debt-to-equity ratio of 0.69. Spark Energy has a 1-year low of $8.60 and a 1-year high of $23.65.
In other Spark Energy news, VP Gil Melman sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $12.24, for a total value of $48,960.00. Following the completion of the sale, the vice president now owns 29,308 shares in the company, valued at $358,729.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director W Keith Maxwell III purchased 36,600 shares of Spark Energy stock in a transaction on Thursday, December 21st. The stock was bought at an average price of $12.00 per share, with a total value of $439,200.00. Following the transaction, the director now owns 966,372 shares of the company’s stock, valued at $11,596,464. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 45,300 shares of company stock valued at $542,796. 66.89% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of SPKE. Vanguard Group Inc. increased its position in 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 in the last quarter. Sanders Morris Harris LLC purchased a new stake in Spark Energy in the fourth quarter worth about $5,646,000. Nordea Investment Management AB purchased a new stake in Spark Energy in the third quarter worth about $2,022,000. Heartland Advisors Inc. increased its position in Spark Energy by 53.4% in the fourth quarter. Heartland Advisors Inc. now owns 374,350 shares of the utilities provider’s stock worth $4,642,000 after buying an additional 130,250 shares in the last quarter. Finally, State Street Corp increased its position in Spark Energy by 126.3% in the second quarter. State Street Corp now owns 209,922 shares of the utilities provider’s stock worth $3,951,000 after buying an additional 117,139 shares in the last quarter. Institutional investors and hedge funds own 33.42% of the company’s stock.
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.
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