Spark Energy Inc (NASDAQ:SPKE) announced a quarterly dividend on Thursday, April 18th, Zacks reports. Investors of record on Friday, May 31st will be paid a dividend of 0.181 per share by the utilities provider on Friday, June 14th. This represents a $0.72 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date of this dividend is Thursday, May 30th.

Spark Energy has a dividend payout ratio of -152.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Spark Energy to earn $0.04 per share next year, which means the company may not be able to cover its $0.73 annual dividend with an expected future payout ratio of 1,825.0%.

Shares of SPKE stock opened at $10.54 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.97 and a quick ratio of 1.96. The stock has a market capitalization of $368.28 million, a P/E ratio of -15.28 and a beta of -0.52. Spark Energy has a 12 month low of $7.20 and a 12 month high of $10.76.

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

SPKE has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Spark Energy from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, April 25th. BidaskClub upgraded Spark Energy from a “strong sell” rating to a “sell” rating in a report on Friday, February 8th. Finally, ValuEngine cut Spark Energy from a “sell” rating to a “strong sell” rating in a report on Monday, March 11th.

In related news, Director W Keith Maxwell III bought 22,366 shares of Spark Energy stock in a transaction on Wednesday, May 15th. The shares were purchased at an average price of $9.83 per share, for a total transaction of $219,857.78. Following the completion of the acquisition, the director now owns 2,354,094 shares in the company, valued at $23,140,744.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 43,354 shares of company stock worth $495,274. Company insiders own 66.98% of the company’s stock.

A hedge fund recently raised its stake in Spark Energy stock. Geode Capital Management LLC increased its holdings in shares of Spark Energy Inc (NASDAQ:SPKE) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,147 shares of the utilities provider’s stock after purchasing an additional 3,459 shares during the period. Geode Capital Management LLC owned approximately 0.42% of Spark Energy worth $1,085,000 at the end of the most recent quarter. 32.66% of the stock is currently owned by institutional investors.

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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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Dividend History for Spark Energy (NASDAQ:SPKE)

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