Spark Energy Inc to Post Q1 2018 Earnings of $0.20 Per Share, B. Riley Forecasts (SPKE)
Spark Energy Inc (NASDAQ:SPKE) – Investment analysts at B. Riley cut their Q1 2018 EPS estimates for Spark Energy in a research report issued on Monday. B. Riley analyst C. Driscoll now forecasts that the utilities provider will post earnings of $0.20 per share for the quarter, down from their prior estimate of $0.27. B. Riley has a “Hold” rating on the stock. B. Riley also issued estimates for Spark Energy’s FY2018 earnings at $0.68 EPS, Q1 2019 earnings at $0.41 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.46 EPS and FY2019 earnings at $1.28 EPS.
SPKE has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Spark Energy from a “hold” rating to a “strong sell” rating in a report on Friday, March 9th. ValuEngine downgraded shares of Spark Energy from a “buy” rating to a “hold” rating in a report on Saturday. Finally, TheStreet upgraded shares of Spark Energy from a “c+” rating to a “b-” rating in a report on Monday, December 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.79.
A number of institutional investors have recently bought and sold shares of SPKE. First Trust Advisors LP acquired a new stake in Spark Energy in the 4th quarter valued at approximately $136,000. The Manufacturers Life Insurance Company increased its holdings in Spark Energy by 159.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,716 shares of the utilities provider’s stock valued at $201,000 after purchasing an additional 6,586 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in Spark Energy in the 3rd quarter valued at approximately $243,000. Stone Ridge Asset Management LLC acquired a new stake in Spark Energy in the 4th quarter valued at approximately $243,000. Finally, Nisa Investment Advisors LLC increased its holdings in Spark Energy by 42.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 20,020 shares of the utilities provider’s stock valued at $248,000 after purchasing an additional 6,000 shares during the last quarter. Hedge funds and other institutional investors own 33.42% of the company’s stock.
In related news, Director W Keith Maxwell III bought 36,600 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was purchased at an average price of $12.00 per share, for a total transaction of $439,200.00. Following the acquisition, the director now owns 966,372 shares of the company’s stock, valued at $11,596,464. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Gil Melman sold 4,000 shares of Spark Energy stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $12.24, for a total transaction of $48,960.00. Following the completion of the sale, the vice president now owns 29,308 shares of the company’s stock, valued at approximately $358,729.92. The disclosure for this sale can be found here. Insiders have bought a total of 45,300 shares of company stock valued at $542,796 in the last 90 days. Insiders own 66.89% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.1813 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.12%. Spark Energy’s dividend payout ratio is currently 90.12%.
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Spark Energy Company Profile
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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