Spark Energy, Inc. (NASDAQ:SPKE) – Equities researchers at FBR & Co lifted their Q2 2017 EPS estimates for Spark Energy in a report released on Monday. FBR & Co analyst C. Driscoll now anticipates that the utilities provider will post earnings of $0.19 per share for the quarter, up from their prior estimate of $0.19. FBR & Co currently has a “Buy” rating and a $24.00 target price on the stock. FBR & Co also issued estimates for Spark Energy’s Q4 2017 earnings at $0.48 EPS, FY2017 earnings at $1.25 EPS and FY2018 earnings at $1.67 EPS.
Spark Energy (NASDAQ:SPKE) last released its quarterly earnings data on Monday, May 8th. The utilities provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.21. The firm had revenue of $194.35 million during the quarter, compared to the consensus estimate of $140.07 million. Spark Energy had a net margin of 2.10% and a return on equity of 11.82%.
Other equities analysts have also recently issued reports about the company. TheStreet upgraded Spark Energy from a “c” rating to a “b-” rating in a report on Monday, May 8th. Janney Montgomery Scott set a $22.00 target price on Spark Energy and gave the company a “buy” rating in a report on Tuesday, May 23rd. Guggenheim upgraded Spark Energy from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a report on Friday, July 7th. Wunderlich raised their target price on Spark Energy from $22.00 to $27.50 and gave the company a “buy” rating in a report on Monday, June 12th. Finally, BidaskClub cut Spark Energy from a “buy” rating to a “hold” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $22.00.
Shares of Spark Energy (NASDAQ:SPKE) opened at 19.95 on Wednesday. The company has a market capitalization of $259.33 million, a P/E ratio of 40.22 and a beta of -1.65. Spark Energy has a 12-month low of $11.28 and a 12-month high of $23.65. The company has a 50 day moving average price of $36.43 and a 200 day moving average price of $31.63.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Spark Energy by 10.8% in the first quarter. Vanguard Group Inc. now owns 558,662 shares of the utilities provider’s stock valued at $17,849,000 after buying an additional 54,323 shares during the period. American Century Companies Inc. raised its stake in shares of Spark Energy by 4.4% in the first quarter. American Century Companies Inc. now owns 510,504 shares of the utilities provider’s stock valued at $16,311,000 after buying an additional 21,403 shares during the period. LSV Asset Management raised its stake in shares of Spark Energy by 89.0% in the first quarter. LSV Asset Management now owns 432,346 shares of the utilities provider’s stock valued at $13,813,000 after buying an additional 203,605 shares during the period. Heartland Advisors Inc. acquired a new stake in shares of Spark Energy during the first quarter valued at $6,390,000. Finally, Wells Fargo & Company MN raised its stake in shares of Spark Energy by 5.0% in the first quarter. Wells Fargo & Company MN now owns 192,670 shares of the utilities provider’s stock valued at $6,157,000 after buying an additional 9,196 shares during the period. 19.55% of the stock is currently owned by institutional investors.
In related news, Director W Keith Maxwell III purchased 12,638 shares of Spark Energy stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of $36.62 per share, with a total value of $462,803.56. Following the transaction, the director now directly owns 323,348 shares of the company’s stock, valued at $11,841,003.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nathan Kroeker sold 21,244 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $43.13, for a total value of $916,253.72. Following the completion of the sale, the chief executive officer now directly owns 28,135 shares in the company, valued at approximately $1,213,462.55. The disclosure for this sale can be found here. Insiders acquired a total of 47,605 shares of company stock worth $1,815,426 in the last ninety days. 66.89% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Tuesday, May 30th were given a $0.1813 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Thursday, May 25th. Spark Energy’s dividend payout ratio is currently 89.02%.
About Spark Energy
Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers in 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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