Bank of New York Mellon Corp Has $2.26 Million Stake in Spark Energy (SPKE)

Bank of New York Mellon Corp decreased its holdings in shares of Spark Energy (NASDAQ:SPKE) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,025 shares of the utilities provider’s stock after selling 7,383 shares during the quarter. Bank of New York Mellon Corp’s holdings in Spark Energy were worth $2,257,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SPKE. Heartland Advisors Inc. grew its position in shares of Spark Energy by 53.4% during the 4th quarter. Heartland Advisors Inc. now owns 374,350 shares of the utilities provider’s stock worth $4,642,000 after buying an additional 130,250 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Spark Energy by 50.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 274,964 shares of the utilities provider’s stock worth $4,125,000 after buying an additional 92,486 shares during the period. Crow Point Partners LLC grew its position in shares of Spark Energy by 5.7% during the 4th quarter. Crow Point Partners LLC now owns 1,073,144 shares of the utilities provider’s stock worth $13,253,000 after buying an additional 57,426 shares during the period. Peregrine Capital Management LLC grew its position in shares of Spark Energy by 16.4% during the 4th quarter. Peregrine Capital Management LLC now owns 404,981 shares of the utilities provider’s stock worth $5,022,000 after buying an additional 57,186 shares during the period. Finally, Stifel Financial Corp acquired a new stake in shares of Spark Energy during the 3rd quarter worth approximately $432,000. Institutional investors own 33.27% of the company’s stock.

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Several brokerages have recently commented on SPKE. ValuEngine cut shares of Spark Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, April 3rd. BidaskClub upgraded shares of Spark Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 14th. B. Riley reiterated a “hold” rating on shares of Spark Energy in a research report on Monday, March 12th. Finally, Zacks Investment Research cut shares of Spark Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, March 9th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Spark Energy currently has an average rating of “Hold” and a consensus target price of $21.79.

Shares of NASDAQ SPKE opened at $11.40 on Tuesday. The company has a market cap of $387.13, a P/E ratio of -23.75 and a beta of -1.87. 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 52-week low of $8.60 and a 52-week high of $23.65.

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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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Institutional Ownership by Quarter for Spark Energy (NASDAQ:SPKE)

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