Spark Energy Inc. (NASDAQ:SPKE) has earned an average recommendation of “Hold” from the eight brokerages that are covering the stock. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $32.25.

Several equities research analysts have commented on SPKE shares. Zacks Investment Research lowered shares of Spark Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. FBR & Co restated a “buy” rating and set a $33.00 target price (up from $32.00) on shares of Spark Energy in a research report on Thursday, August 11th. Ladenburg Thalmann started coverage on shares of Spark Energy in a research report on Friday, August 19th. They set a “neutral” rating and a $27.00 target price on the stock. Janney Montgomery Scott upgraded shares of Spark Energy from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Wednesday, July 27th. Finally, Wunderlich boosted their target price on shares of Spark Energy from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, August 12th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new position in shares of Spark Energy during the second quarter valued at $175,000. Nisa Investment Advisors LLC increased its position in shares of Spark Energy by 1,350.0% in the third quarter. Nisa Investment Advisors LLC now owns 5,800 shares of the company’s stock valued at $169,000 after buying an additional 5,400 shares during the last quarter. Nuveen Fund Advisors LLC purchased a new position in shares of Spark Energy during the second quarter valued at $219,000. Eagle Global Advisors LLC purchased a new position in shares of Spark Energy during the second quarter valued at $230,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of Spark Energy during the second quarter valued at $235,000. 31.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Spark Energy (NASDAQ:SPKE) opened at 26.10 on Friday. The company has a 50 day moving average of $28.24 and a 200-day moving average of $27.91. Spark Energy has a one year low of $15.91 and a one year high of $35.63. The stock has a market cap of $169.47 million, a price-to-earnings ratio of 13.36 and a beta of -2.09.

Spark Energy Company Profile

Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative for their natural gas and electricity. The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment. It operates in approximately 50 utility service territories across over 20 states and has approximately 328,000 residential customers and over 19,000 commercial customers, which translates to approximately 415,000 renewable energy credits (RCEs).

5 Day Chart for NASDAQ:SPKE

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