BidaskClub lowered shares of Spark Energy (NASDAQ:SPKE) from a hold rating to a sell rating in a research report sent to investors on Wednesday, BidAskClub reports.

Several other brokerages also recently weighed in on SPKE. ValuEngine downgraded Spark Energy from a hold rating to a sell rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded Spark Energy from a hold rating to a sell rating in a research note on Wednesday, May 15th.

Shares of SPKE stock opened at $9.46 on Wednesday. Spark Energy has a 1-year low of $7.20 and a 1-year high of $11.71. The stock’s fifty day moving average price is $10.73 and its 200 day moving average price is $10.08. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.45 and a quick ratio of 1.44. The company has a market cap of $332.79 million, a price-to-earnings ratio of -13.71 and a beta of -0.39.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 2nd will be given a dividend of $0.181 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.72 dividend on an annualized basis and a yield of 7.65%. Spark Energy’s dividend payout ratio is currently -105.80%.

In other news, Director W Keith Maxwell III purchased 14,130 shares of the stock in a transaction on Thursday, June 6th. The stock was bought at an average price of $10.16 per share, with a total value of $143,560.80. Following the transaction, the director now owns 2,498,156 shares in the company, valued at approximately $25,381,264.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have acquired 108,446 shares of company stock valued at $1,126,351. 66.98% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of SPKE. Walleye Trading LLC acquired a new stake in Spark Energy during the 2nd quarter worth about $112,000. Bank of America Corp DE lifted its position in Spark Energy by 13.5% during the 4th quarter. Bank of America Corp DE now owns 15,446 shares of the utilities provider’s stock worth $114,000 after acquiring an additional 1,840 shares during the period. Walleye Trading Advisors LLC acquired a new stake in Spark Energy during the 2nd quarter worth about $115,000. Meeder Asset Management Inc. acquired a new stake in Spark Energy during the 2nd quarter worth about $120,000. Finally, Dupont Capital Management Corp acquired a new stake in Spark Energy during the 1st quarter worth about $123,000. 31.81% of the stock is owned by institutional investors.

About Spark Energy

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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