Spark Energy (NASDAQ:SPKE) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, B. Riley set a $11.00 price objective on shares of Spark Energy and gave the company a “hold” rating in a report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.50.

SPKE opened at $8.02 on Friday. Spark Energy has a 52-week low of $7.73 and a 52-week high of $15.30. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.18 and a current ratio of 2.20. The stock has a market cap of $287.74 million, a PE ratio of -16.71 and a beta of -1.93.

Spark Energy (NASDAQ:SPKE) last posted its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter. Spark Energy had a net margin of 1.10% and a return on equity of 21.26%. The firm had revenue of $232.25 million for the quarter, compared to the consensus estimate of $200.33 million. On average, analysts anticipate that Spark Energy will post -0.48 earnings per share for the current fiscal year.

In other Spark Energy news, Director W Keith Maxwell III purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The shares were bought at an average price of $8.25 per share, for a total transaction of $41,250.00. Following the acquisition, the director now owns 996,222 shares in the company, valued at $8,218,831.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gil Melman sold 32,361 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $8.78, for a total transaction of $284,129.58. Following the completion of the transaction, the vice president now owns 16,962 shares in the company, valued at approximately $148,926.36. The disclosure for this sale can be found here. In the last quarter, insiders purchased 180,098 shares of company stock worth $1,472,084 and sold 68,223 shares worth $597,922. 67.63% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN increased its holdings in Spark Energy by 3.4% in the 1st quarter. Wells Fargo & Company MN now owns 349,162 shares of the utilities provider’s stock worth $4,136,000 after buying an additional 11,464 shares during the period. Spark Investment Management LLC increased its holdings in Spark Energy by 19.4% in the 2nd quarter. Spark Investment Management LLC now owns 372,900 shares of the utilities provider’s stock worth $3,635,000 after buying an additional 60,600 shares during the period. Mizuho Securities USA LLC acquired a new position in Spark Energy in the 2nd quarter worth approximately $197,000. Covalis Capital LLP acquired a new position in Spark Energy in the 2nd quarter worth approximately $812,000. Finally, Schwab Charles Investment Management Inc. boosted its position in Spark Energy by 10.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 361,764 shares of the utilities provider’s stock worth $4,287,000 after purchasing an additional 33,379 shares in the last quarter. Institutional investors own 32.49% of the company’s stock.

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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