Spark Energy Company Profile (NASDAQ:SPKE)

Spark Energy trades on the NASDAQ under the ticker symbol "SPKE."

Spark Energy declared a quarterly dividend on Thursday, July 20th. Shareholders of record on Tuesday, August 29th will be paid a dividend of $0.1813 per share on Thursday, September 14th. This represents a $0.73 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Friday, August 25th. View Spark Energy's Dividend History.

Shares of Spark Energy split before market open on Monday, June 19th 2017. The 2-1 split was announced on Tuesday, May 23rd 2017. The newly created shares were distributed to shareholders after the market closes on Friday, June 16th 2017. An investor that had 100 shares of Spark Energy stock prior to the split would have 200 shares after the split.

Spark Energy announced that its board has initiated a stock buyback plan on Sunday, June 4th 2017, which allows the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 19.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Spark Energy, Inc. (NASDAQ:SPKE) posted its quarterly earnings data on Friday, August, 4th. The company reported $0.01 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.16 by $0.15. The firm earned $151.44 million during the quarter, compared to analyst estimates of $135.72 million. Spark Energy had a net margin of 1.68% and a return on equity of 9.13%. View Spark Energy's Earnings History.

5 analysts have issued 1-year price objectives for Spark Energy's shares. Their predictions range from $17.00 to $27.50. On average, they anticipate Spark Energy's stock price to reach $23.10 in the next twelve months. View Analyst Ratings for Spark Energy.

Here are some recent quotes from research analysts about Spark Energy stock:

• 1. According to Zacks Investment Research, "Spark Energy, Inc. is an independent retail energy services company. It provides residential and commercial customers across the United States with an alternative choice for their natural gas and electricity. The company is involved in the retail distribution of natural gas and electricity. It also offers renewable and carbon neutral products. Spark Energy, Inc. is headquartered in Houston, Texas. " (8/11/2017)
• 2. FBR & Co analysts commented, "We are updating our model to account for the ~$35M in gross proceeds SPKE raised from its recent 1.4M share, 8.75% fixed-to-floating perpetual preferred stock offering. We view the preferred offering'in combination with its cash, existing credit, and subordinated debt facilities'as adequate to fund the acquisitions SPKE has targeted. During its 4Q16 earnings call, management stated that it had multiple LOIs to buy retailers who collectively have between $20M and $30M in annual EBITDA. Management indicated it might pay between 3x and 4x TTM EBITDA for the acquisitions, implying $60M to $120M required to purchase them. These potential multiples also indicate significant potential accretion versus the 7x TTM EBITDA at which SPKE currently trades. To put this in perspective, if SPKE were able to acquire $20M in incremental EBITDA, the stock would likely trade for less than 5x 2018E adjusted EBITDA of ~$123M ($20M plus our current $103.3M forecast), well below its peer group that trades at 6.7x to 7.2x. We believe this may allow SPKE to avoid conducting an equity raise in 2017, potentially removing an overhang on the shares. We reiterate our Outperform rating." (3/16/2017)

Some companies that are related to Spark Energy include Kenon Holdings (KEN), UNITIL Corporation (UTL), Atlantic Power Corporation (AT), OPG Power Ventures Plc. (OPG), US Geothermal (HTM), Apr Energy PLC (APR), Cleco Corporate Holdings LLC (CNL), ERM Power Ltd (EPW), Greenko Group PLC (GKO), ITC Holdings Corp. (ITC), NV Energy (NVE), Rame Energy PLC (RAME), TECO Energy (TE), Terna - Rete Elettrica Nazionale SpA (TRN) and UNS Energy Corp (UNS).

Spark Energy's management team includes the folowing people:

• W. Keith Maxwell III, Chairman of the Board
• Nathan Kroeker, President, Chief Executive Officer, Director
• Robert Lawrence Lane, Chief Financial Officer
• Jason Garrett, Executive Vice President - Retail
• Gil Melman, Vice President, General Counsel and Corporate Secretary
• Nick W. Evans Jr., Independent Director
• Kenneth Michael Hartwick, Independent Director
• James G. Jones II, Independent Director

Spark Energy's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (9.43%), Vanguard Group Inc. (9.39%), American Century Companies Inc. (8.19%), Crow Point Partners LLC (7.87%), LSV Asset Management (6.34%) and Spark Investment Management LLC (3.90%). Company insiders that own Spark Energy stock include Georganne Hodges, Gil Melman, James G Jones II, Jason K Garrett, Nathan Kroeker, Robert Lawrence Lane and W Keith Maxwell III. View Institutional Ownership Trends for Spark Energy.

Spark Energy's stock was sold by a variety of institutional investors in the last quarter, including Heartland Advisors Inc., GSA Capital Partners LLP, Acadian Asset Management LLC, Systematic Financial Management LP and Public Employees Retirement System of Ohio. Company insiders that have sold Spark Energy stock in the last year include Gil Melman, Nathan Kroeker and W Keith Maxwell III. View Insider Buying and Selling for Spark Energy.

Spark Energy's stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., JPMorgan Chase & Co., American Century Companies Inc., Crow Point Partners LLC, LSV Asset Management, Spark Investment Management LLC, Peregrine Capital Management LLC and Wells Fargo & Company MN. Company insiders that have bought Spark Energy stock in the last two years include Gil Melman, James G Jones II, Jason K Garrett, Nathan Kroeker, Robert Lawrence Lane and W Keith Maxwell III. View Insider Buying and Selling for Spark Energy.

Shares of Spark Energy can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Spark Energy stock can currently be purchased for approximately $16.90.