Spark Energy (NASDAQ:SPKE)‘s stock had its “hold” rating reaffirmed by analysts at B. Riley in a research note issued to investors on Monday. B. Riley also issued estimates for Spark Energy’s Q2 2018 earnings at $0.00 EPS and Q3 2018 earnings at $0.02 EPS.
Other equities research analysts have also recently issued reports about the stock. TheStreet upgraded shares of Spark Energy from a “c+” rating to a “b-” rating in a research report on Monday, December 11th. ValuEngine cut shares of Spark Energy from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Investment Research upgraded shares of Spark Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.79.
Shares of Spark Energy (SPKE) opened at $11.20 on Monday. Spark Energy has a 12-month low of $8.60 and a 12-month high of $23.65. The stock has a market cap of $387.86, a PE ratio of 13.83 and a beta of -1.66. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.58 and a current ratio of 1.63.
Several hedge funds have recently made changes to their positions in SPKE. Teachers Advisors LLC grew its holdings in shares of Spark Energy by 50.1% in the second quarter. Teachers Advisors LLC now owns 21,507 shares of the utilities provider’s stock valued at $404,000 after purchasing an additional 7,177 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Spark Energy by 180.7% in the second quarter. Northern Trust Corp now owns 175,906 shares of the utilities provider’s stock valued at $3,307,000 after purchasing an additional 113,243 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Spark Energy by 118.4% in the second quarter. Vanguard Group Inc. now owns 1,220,209 shares of the utilities provider’s stock valued at $22,941,000 after purchasing an additional 661,547 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Spark Energy by 100.0% in the second quarter. Dimensional Fund Advisors LP now owns 219,950 shares of the utilities provider’s stock valued at $4,135,000 after purchasing an additional 109,975 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Spark Energy by 126.3% in the second quarter. State Street Corp now owns 209,922 shares of the utilities provider’s stock valued at $3,951,000 after purchasing an additional 117,139 shares in the last quarter. Hedge funds and other institutional investors own 33.42% of the company’s stock.
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About Spark Energy
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.
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