Press coverage about Spark Energy (NASDAQ:SPKE) has trended positive this week, according to AlphaOne. The research firm, a division of Accern, identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Spark Energy earned a daily sentiment score of 0.27 on AlphaOne’s scale. AlphaOne also gave news coverage about the utilities provider an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the next several days.
Spark Energy (NASDAQ:SPKE) traded up 5.52% on Friday, reaching $46.80. 219,304 shares of the company’s stock traded hands. The stock has a market capitalization of $304.15 million, a price-to-earnings ratio of 47.18 and a beta of -1.67. Spark Energy has a 52 week low of $22.57 and a 52 week high of $47.05. The firm has a 50-day moving average price of $39.04 and a 200-day moving average price of $31.71. Shares of Spark Energy are scheduled to split on Monday, June 19th. The 2-1 split was announced on Tuesday, May 23rd. The newly minted shares will be payable to shareholders after the closing bell on Friday, June 16th.
Spark Energy (NASDAQ:SPKE) last issued its earnings results on Monday, May 8th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.21. Spark Energy had a return on equity of 11.82% and a net margin of 2.10%. The company had revenue of $194.35 million during the quarter, compared to analyst estimates of $140.07 million. On average, analysts predict that Spark Energy will post $2.82 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Tuesday, May 30th were paid a $0.1813 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Thursday, May 25th. Spark Energy’s dividend payout ratio (DPR) is presently 88.41%.
SPKE has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Spark Energy from a “hold” rating to a “sell” rating in a report on Thursday, March 16th. FBR & Co raised their target price on shares of Spark Energy from $18.50 to $23.50 and gave the company an “outperform” rating in a report on Thursday, June 1st. Janney Montgomery Scott set a $17.50 target price on shares of Spark Energy and gave the company a “buy” rating in a report on Monday, February 27th. Guggenheim lowered shares of Spark Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, March 29th. Finally, Wunderlich raised their target price on shares of Spark Energy from $22.00 to $27.50 and gave the company a “buy” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $20.25.
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In other news, CEO Nathan Kroeker sold 21,244 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $43.13, for a total transaction of $916,253.72. Following the completion of the transaction, the chief executive officer now directly owns 28,135 shares in the company, valued at approximately $1,213,462.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director W Keith Maxwell III purchased 10,100 shares of the stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average price of $36.23 per share, with a total value of $365,923.00. Following the completion of the acquisition, the director now owns 310,710 shares in the company, valued at approximately $11,257,023.30. The disclosure for this purchase can be found here. Insiders acquired a total of 47,355 shares of company stock valued at $1,811,001 over the last ninety days. Corporate insiders own 66.89% of the company’s stock.
Spark Energy Company Profile
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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