Spark Energy (SPKE) Stock Rating Upgraded by BidaskClub

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BidaskClub upgraded shares of Spark Energy (NASDAQ:SPKE) from a hold rating to a buy rating in a research note published on Thursday, BidAskClub reports.

Several other research firms have also commented on SPKE. ValuEngine upgraded Spark Energy from a sell rating to a hold rating in a research report on Wednesday, May 15th. Zacks Investment Research lowered Spark Energy from a hold rating to a sell rating in a research report on Wednesday, May 15th. Finally, B. Riley lowered their price target on Spark Energy from $11.00 to $10.00 and set a neutral rating for the company in a research report on Tuesday, March 5th.

Shares of SPKE traded down $0.01 during midday trading on Thursday, hitting $10.66. 300 shares of the stock were exchanged, compared to its average volume of 112,560. Spark Energy has a 52-week low of $7.20 and a 52-week high of $10.76. The firm has a market cap of $373.87 million, a P/E ratio of -15.49 and a beta of -0.52. The company has a quick ratio of 1.96, a current ratio of 1.97 and a debt-to-equity ratio of 1.29.

Spark Energy (NASDAQ:SPKE) last released its quarterly earnings results on Monday, March 4th. The utilities provider reported ($0.29) EPS for the quarter. Spark Energy had a return on equity of 11.69% and a net margin of 1.24%. The firm had revenue of $228.51 million for the quarter. Sell-side analysts expect that Spark Energy will post -0.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.181 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 6.79%. Spark Energy’s dividend payout ratio is currently -105.80%.

In other news, Director W Keith Maxwell III purchased 9,512 shares of the stock in a transaction dated Tuesday, May 21st. The stock was acquired at an average cost of $10.58 per share, for a total transaction of $100,636.96. Following the completion of the transaction, the director now directly owns 2,380,684 shares in the company, valued at approximately $25,187,636.72. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have bought 43,354 shares of company stock valued at $495,274. Company insiders own 66.98% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in Spark Energy in the fourth quarter valued at $84,000. Dupont Capital Management Corp purchased a new position in Spark Energy in the first quarter valued at $123,000. HighTower Advisors LLC purchased a new position in Spark Energy in the first quarter valued at $132,000. Zebra Capital Management LLC purchased a new position in Spark Energy in the first quarter valued at $132,000. Finally, Rhumbline Advisers boosted its holdings in Spark Energy by 44.1% in the fourth quarter. Rhumbline Advisers now owns 15,169 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 4,640 shares during the period. Hedge funds and other institutional investors own 32.66% of the company’s stock.

Spark Energy Company Profile

Spark Energy, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The company engages in the retail distribution of electricity and natural gas to residential and commercial customers.

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