Spark Energy Inc (NASDAQ:SPKE) – Analysts at B. Riley issued their Q2 2018 earnings estimates for Spark Energy in a research report issued to clients and investors on Monday. B. Riley analyst C. Driscoll expects that the utilities provider will post earnings per share of $0.02 for the quarter. B. Riley has a “Hold” rating on the stock. B. Riley also issued estimates for Spark Energy’s Q3 2018 earnings at $0.15 EPS and Q4 2018 earnings at $0.31 EPS.
Several other analysts have also recently issued reports on SPKE. ValuEngine cut shares of Spark Energy from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research cut shares of Spark Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, March 9th. Finally, TheStreet upgraded shares of Spark Energy from a “c+” rating to a “b-” rating in a research note on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.79.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be issued a $0.1813 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date is Thursday, March 1st. Spark Energy’s payout ratio is 90.12%.
In other Spark Energy news, Director W Keith Maxwell III bought 7,200 shares of Spark Energy stock in a transaction that occurred on Tuesday, December 19th. The shares were bought at an average price of $11.88 per share, with a total value of $85,536.00. Following the acquisition, the director now owns 952,122 shares in the company, valued at $11,311,209.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gil Melman sold 4,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $12.24, for a total transaction of $48,960.00. Following the transaction, the vice president now directly owns 29,308 shares in the company, valued at approximately $358,729.92. The disclosure for this sale can be found here. Insiders bought a total of 45,300 shares of company stock worth $542,796 in the last three months. Insiders own 66.89% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in SPKE. Vanguard Group Inc. grew its holdings in shares of Spark Energy by 118.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,220,209 shares of the utilities provider’s stock valued at $22,941,000 after purchasing an additional 661,547 shares during the last quarter. Sanders Morris Harris LLC bought a new stake in Spark Energy in the 4th quarter worth $5,646,000. Nordea Investment Management AB bought a new stake in Spark Energy in the 3rd quarter worth $2,022,000. Heartland Advisors Inc. grew its holdings in Spark Energy by 53.4% in the 4th quarter. Heartland Advisors Inc. now owns 374,350 shares of the utilities provider’s stock worth $4,642,000 after acquiring an additional 130,250 shares during the last quarter. Finally, State Street Corp grew its holdings in Spark Energy by 126.3% in the 2nd quarter. State Street Corp now owns 209,922 shares of the utilities provider’s stock worth $3,951,000 after acquiring an additional 117,139 shares during the last quarter. 33.42% of the stock is currently owned by institutional investors.
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About Spark Energy
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.
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