Shares of Spark Energy Inc (NASDAQ:SPKE) have earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $22.88.

A number of analysts have recently commented on the stock. ValuEngine cut shares of Spark Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 10th. Zacks Investment Research raised shares of Spark Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. TheStreet raised shares of Spark Energy from a “c+” rating to a “b-” rating in a research note on Monday, December 11th. B. Riley reissued a “hold” rating on shares of Spark Energy in a research note on Monday, March 12th. Finally, BidaskClub raised shares of Spark Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 14th.

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Spark Energy (SPKE) traded down $0.15 during mid-day trading on Friday, hitting $11.65. 90,350 shares of the stock were exchanged, compared to its average volume of 269,861. The stock has a market capitalization of $407.96, a PE ratio of 14.51 and a beta of -1.66. The company has a quick ratio of 1.94, a current ratio of 1.96 and a debt-to-equity ratio of 0.77. Spark Energy has a twelve month low of $8.60 and a twelve month high of $23.65.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, March 2nd were paid a dividend of $0.1813 per share. The ex-dividend date was Thursday, March 1st. This represents a $0.73 annualized dividend and a yield of 6.22%. Spark Energy’s dividend payout ratio is presently 90.12%.

In related news, VP Gil Melman sold 4,000 shares of the company’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 owns 29,308 shares of the company’s stock, valued at approximately $358,729.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 66.89% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in Spark Energy by 7.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,312,194 shares of the utilities provider’s stock valued at $19,813,000 after purchasing an additional 85,764 shares during the last quarter. Crow Point Partners LLC boosted its holdings in Spark Energy by 5.7% in the 4th quarter. Crow Point Partners LLC now owns 1,073,144 shares of the utilities provider’s stock valued at $13,253,000 after purchasing an additional 57,426 shares during the last quarter. BlackRock Inc. boosted its holdings in Spark Energy by 2.5% in the 4th quarter. BlackRock Inc. now owns 951,317 shares of the utilities provider’s stock valued at $11,795,000 after purchasing an additional 23,049 shares during the last quarter. Sanders Morris Harris LLC acquired a new position in Spark Energy in the 4th quarter valued at about $5,646,000. Finally, Peregrine Capital Management LLC boosted its holdings in Spark Energy by 16.4% in the 4th quarter. Peregrine Capital Management LLC now owns 404,981 shares of the utilities provider’s stock valued at $5,022,000 after purchasing an additional 57,186 shares during the last quarter. 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.

Analyst Recommendations for Spark Energy (NASDAQ:SPKE)

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