ValuEngine downgraded shares of Spark Energy (NASDAQ:SPKE) from a buy rating to a hold rating in a report released on Saturday, March 10th.
SPKE has been the topic of several other reports. TheStreet raised shares of Spark Energy from a c+ rating to a b- rating in a research note on Monday, December 11th. Zacks Investment Research raised shares of Spark Energy from a sell rating to a hold rating in a research note on Friday, February 9th. Finally, B. Riley set a $14.00 price objective on shares of Spark Energy and gave the stock a neutral rating in a report on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $21.79.
Spark Energy stock opened at $12.20 on Friday. The stock has a market capitalization of $416.64, a price-to-earnings ratio of 14.81 and a beta of -1.66. Spark Energy has a twelve month low of $8.60 and a twelve month high of $23.65. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.96 and a quick ratio of 1.94.
In related news, Director W Keith Maxwell III bought 36,600 shares of Spark Energy stock in a transaction that occurred on Thursday, December 21st. The stock was acquired at an average price of $12.00 per share, with a total value of $439,200.00. Following the acquisition, the director now owns 966,372 shares of the company’s stock, valued at approximately $11,596,464. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gil Melman sold 4,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $12.24, for a total transaction of $48,960.00. Following the completion of the sale, the vice president now directly owns 29,308 shares of the company’s stock, valued at approximately $358,729.92. The disclosure for this sale can be found here. 66.89% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in SPKE. Vanguard Group Inc. boosted its stake in shares of Spark Energy by 118.4% in 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 position in Spark Energy during the fourth quarter worth $5,646,000. Nordea Investment Management AB bought a new position in Spark Energy during the third quarter worth $2,022,000. Heartland Advisors Inc. boosted its stake in Spark Energy by 53.4% during the fourth 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 in the last quarter. Finally, State Street Corp raised its holdings in Spark Energy by 126.3% during 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 during the last quarter. Hedge funds and other institutional investors own 33.42% of the company’s stock.
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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.
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