Spark Energy Inc (NASDAQ:SPKE) posted its quarterly earnings data on Monday. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.43. The firm had revenue of $194.35 million during the quarter, compared to analysts’ expectations of $140.07 million. Spark Energy had a net margin of 1.52% and a return on equity of 16.38%.
Spark Energy (NASDAQ:SPKE) traded up 0.39% during trading on Friday, reaching $38.20. The company had a trading volume of 48,728 shares. The firm has a market capitalization of $248.26 million, a P/E ratio of 38.51 and a beta of -1.76. The company has a 50-day moving average of $34.37 and a 200-day moving average of $29.35. Spark Energy has a 52-week low of $22.57 and a 52-week high of $38.70.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Tuesday, May 30th will be paid a $0.3625 dividend. This represents a $1.45 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Thursday, May 25th.
In related news, Director James G. Jones II bought 1,000 shares of Spark Energy stock in a transaction that occurred on Wednesday, March 8th. The stock was acquired at an average price of $26.96 per share, with a total value of $26,960.00. Following the acquisition, the director now owns 13,677 shares of the company’s stock, valued at approximately $368,731.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Keith Maxwell III acquired 10,100 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average cost of $36.23 per share, with a total value of $365,923.00. Following the acquisition, the director now directly owns 310,710 shares in the company, valued at $11,257,023.30. The disclosure for this purchase can be found here. Insiders acquired a total of 24,232 shares of company stock worth $868,501 over the last quarter. Company insiders own 57.88% of the company’s stock.
Several large investors have recently bought and sold shares of SPKE. Tudor Investment Corp Et Al bought a new position in shares of Spark Energy during the fourth quarter valued at about $409,000. GSA Capital Partners LLP raised its position in shares of Spark Energy by 72.9% in the fourth quarter. GSA Capital Partners LLP now owns 77,072 shares of the utilities provider’s stock valued at $2,335,000 after buying an additional 32,500 shares in the last quarter. Allianz Asset Management AG bought a new position in shares of Spark Energy during the fourth quarter valued at about $228,000. Dimensional Fund Advisors LP raised its position in shares of Spark Energy by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 109,975 shares of the utilities provider’s stock valued at $3,332,000 after buying an additional 500 shares in the last quarter. Finally, State Street Corp increased its position in Spark Energy by 6.2% in the fourth quarter. State Street Corp now owns 105,493 shares of the utilities provider’s stock valued at $3,194,000 after buying an additional 6,200 shares during the last quarter. 38.79% of the stock is currently owned by institutional investors.
SPKE has been the topic of several recent research reports. Guggenheim started coverage on Spark Energy in a research report on Wednesday, February 1st. They set a “buy” rating and a $30.00 price objective for the company. Janney Montgomery Scott set a $35.00 target price on Spark Energy and gave the company a “buy” rating in a research report on Monday, February 27th. FBR & Co set a $33.00 target price on Spark Energy and gave the company a “buy” rating in a research report on Saturday, March 4th. Zacks Investment Research cut Spark Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 9th. Finally, Ladenburg Thalmann Financial Services increased their price objective on Spark Energy from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $34.00.
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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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