Wells Fargo & Company MN raised its stake in shares of Spark Energy Inc (NASDAQ:SPKE) by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 349,162 shares of the utilities provider’s stock after purchasing an additional 11,464 shares during the period. Wells Fargo & Company MN owned 1.01% of Spark Energy worth $4,136,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. First Trust Advisors LP purchased a new position in Spark Energy during the fourth quarter valued at $136,000. Stone Ridge Asset Management LLC purchased a new position in shares of Spark Energy in the fourth quarter worth about $243,000. Macquarie Group Ltd. lifted its stake in shares of Spark Energy by 1,492.0% in the fourth quarter. Macquarie Group Ltd. now owns 33,431 shares of the utilities provider’s stock worth $415,000 after buying an additional 31,331 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Spark Energy by 258.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 47,869 shares of the utilities provider’s stock worth $594,000 after buying an additional 34,523 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Spark Energy by 40.9% in the fourth quarter. Alliancebernstein L.P. now owns 210,770 shares of the utilities provider’s stock worth $2,614,000 after buying an additional 61,160 shares in the last quarter. 31.70% of the stock is currently owned by institutional investors and hedge funds.
SPKE has been the topic of several research reports. Zacks Investment Research downgraded shares of Spark Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, March 9th. ValuEngine downgraded shares of Spark Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 10th. B. Riley set a $14.00 price target on shares of Spark Energy and gave the stock a “neutral” rating in a research note on Wednesday, March 7th. BidaskClub downgraded shares of Spark Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 9th. Finally, Guggenheim reissued a “buy” rating and issued a $18.00 price target on shares of Spark Energy in a research note on Monday, April 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.50.
Spark Energy opened at $10.55 on Wednesday, Marketbeat.com reports. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $337.60 million, a PE ratio of -21.98 and a beta of -1.93. Spark Energy Inc has a twelve month low of $8.60 and a twelve month high of $21.40.
Spark Energy (NASDAQ:SPKE) last released its quarterly earnings data on Wednesday, May 9th. The utilities provider reported ($1.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($1.28). Spark Energy had a return on equity of 3.35% and a net margin of 0.48%. The firm had revenue of $286.69 million for the quarter, compared to analyst estimates of $213.53 million. research analysts anticipate that Spark Energy Inc will post -0.54 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 14th. Investors of record on Thursday, May 31st were given a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a yield of 6.87%. The ex-dividend date was Wednesday, May 30th. Spark Energy’s payout ratio is currently -152.08%.
Spark Energy Company Profile
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 is involved in the retail distribution of electricity and natural gas to residential, commercial, and industrial customers.
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