About Spark Energy (NASDAQ:SPKE)
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. The Retail Natural Gas segment consists of natural gas sales to, and natural gas transportation and distribution for, residential and commercial customers. It purchases natural gas supply through physical and financial transactions with market counterparts and supplies natural gas to residential and commercial consumers pursuant to fixed-price and variable-price. The Retail Electricity segment consists of electricity sales and transmission to residential and commercial customers. The Company has approximately 774,000 renewable energy credits (RCEs). As of July 5, 2017, the Company operates in 94 utility service territories across 19 states and the District of Columbia.
Industry, Sector and Symbol:
- Sector: Utilities
- Industry: Electric Utilities
- Sub-Industry: N/A
- Symbol: NASDAQ:SPKE
- CUSIP: N/A
- Web: www.sparkenergy.com
- Market Cap: $179.43 million
- Outstanding Shares: 13,145,000
- 50 Day Moving Avg: $15.18
- 200 Day Moving Avg: $18.18
- 52 Week Range: $11.52 - $23.65
Sales & Book Value:
- Trailing P/E Ratio: 19.35
- Foreward P/E Ratio: 10.04
- P/E Growth: 0.00
- Annual Revenue: $674.51 million
- Price / Sales: 0.27
- Book Value: $2.77 per share
- Price / Book: 4.93
- Annual Dividend: $0.73
- Dividend Yield: 5.2%
- EBITDA: $93.69 million
- Net Margins: 1.68%
- Return on Equity: 9.13%
- Return on Assets: 3.03%
- Debt-to-Equity Ratio: 0.75%
- Current Ratio: 2.37%
- Quick Ratio: 2.34%
- Average Volume: 147,280 shs.
- Beta: -1.59
- Short Ratio: 18.71
Frequently Asked Questions for Spark Energy (NASDAQ:SPKE)
What is Spark Energy's stock symbol?
Spark Energy trades on the NASDAQ under the ticker symbol "SPKE."
How often does Spark Energy pay dividends? What is the dividend yield for Spark Energy?
Spark Energy announced a quarterly dividend on Thursday, October 19th. Investors of record on Wednesday, November 29th will be given a dividend of $0.1813 per share on Thursday, December 14th. This represents a $0.73 annualized dividend and a yield of 5.31%. The ex-dividend date is Tuesday, November 28th. View Spark Energy's Dividend History.
When did Spark Energy's stock split? How did Spark Energy's stock split work?
Spark Energy's stock split on Monday, June 19th 2017. The 2-1 split was announced on Tuesday, May 23rd 2017. The newly issued shares were issued 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.
How will Spark Energy's stock buyback program work?
Spark Energy declared that its board has approved a share repurchase plan on Sunday, June 4th 2017, which authorizes the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 19.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.
How were Spark Energy's earnings last quarter?
Spark Energy, Inc. (NASDAQ:SPKE) announced its earnings results on Friday, August, 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.16 by $0.15. The company earned $151.44 million during the quarter, compared to the consensus estimate of $135.72 million. Spark Energy had a return on equity of 9.13% and a net margin of 1.68%. View Spark Energy's Earnings History.
Where is Spark Energy's stock going? Where will Spark Energy's stock price be in 2017?
5 brokers have issued twelve-month target prices for Spark Energy's shares. Their forecasts range from $17.00 to $27.50. On average, they expect Spark Energy's share price to reach $23.10 in the next twelve months. View Analyst Ratings for Spark Energy.
What are analysts saying about Spark Energy stock?
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. " (9/26/2017)
- 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)
Who are some of Spark Energy's key competitors?
Some companies that are related to Spark Energy include 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).
Who are Spark Energy's key executives?
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
Who owns Spark Energy stock?
Spark Energy's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Crow Point Partners LLC (7.73%), Nationwide Fund Advisors (0.58%) and Trellus Management Company LLC (0.21%). 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.
Who sold Spark Energy stock? Who is selling Spark Energy stock?
Spark Energy's stock was sold by a variety of institutional investors in the last quarter, including Crow Point Partners LLC. 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.
Who bought Spark Energy stock? Who is buying Spark Energy stock?
Spark Energy's stock was acquired by a variety of institutional investors in the last quarter, including Trellus Management Company LLC and Nationwide Fund Advisors. 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.
How do I buy Spark Energy stock?
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.
What is Spark Energy's stock price today?
MarketBeat Community Rating for Spark Energy (NASDAQ SPKE)MarketBeat's community ratings are surveys of what our community members think about Spark Energy and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Spark Energy stock can currently be purchased for approximately $13.65.
Consensus Ratings for Spark Energy (NASDAQ:SPKE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.60)|
|Consensus Price Target: ||$23.10 (69.23% upside)|Consensus Price Target History for Spark Energy (NASDAQ:SPKE)
Analysts' Ratings History for Spark Energy (NASDAQ:SPKE)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/10/2017||FBR & Co||Set Price Target||Buy||$24.00||Medium|
|7/7/2017||Guggenheim||Upgrade||Neutral -> Buy||$23.00||High|
|6/22/2017||Janney Montgomery Scott||Downgrade||Buy -> Neutral||$22.95 -> $24.00||High|
|6/12/2017||Wunderlich||Boost Price Target||Buy||$22.00 -> $27.50||Medium|
|5/9/2017||Ladenburg Thalmann Financial Services||Boost Price Target||Neutral||$16.50 -> $17.00||Medium|
|3/30/2016||Robert W. Baird||Reiterated Rating||Neutral||N/A|
|1/27/2016||US Capital Advisors||Downgrade||Overweight -> Hold||N/A|
Earnings History for Spark Energy (NASDAQ:SPKE)Earnings History by Quarter for Spark Energy (NASDAQ SPKE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/4/2017||Q2 2017||$0.16||$0.01||$135.72 million||$151.44 million||View||Listen|
|5/8/2017||Q1 2017||$0.39||$0.17||$140.07 million||$194.35 million||View||Listen|
|5/4/2016||Q116||$0.42||$0.57||$110.44 million||$110.00 million||View||N/A|
|3/23/2016||Q4||$0.27||($0.01)||$106.60 million||$94.80 million||View||N/A|
|11/11/2015||Q3||$0.06||$0.16||$90.73 million||$91.80 million||View||Listen|
|8/12/2015||Q215||($0.01)||$0.12||$63.68 million||$65.40 million||View||Listen|
|5/14/2015||Q115||$0.50||$0.40||$111.25 million||$101.80 million||View||N/A|
|3/26/2015||Q414||$0.40||$0.40||$81.72 million||$82.70 million||View||N/A|
|11/12/2014||Q314||$0.07||$0.02||$62.10 million||$68.36 million||View||N/A|
Earnings Estimates for Spark Energy (NASDAQ:SPKE)
2017 EPS Consensus Estimate: $1.90
2018 EPS Consensus Estimate: $2.88
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Spark Energy (NASDAQ:SPKE)
|Payout Ratio:||107.35% (Trailing 12 Months of Earnings) |
82.02% (Based on This Year's Estimates)
53.68% (Based on Next Year's Estimates)
Dividend History by Quarter for Spark Energy (NASDAQ SPKE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Spark Energy (NASDAQ:SPKE)
Insider Ownership Percentage: 66.89%Insider Trades by Quarter for Spark Energy (NASDAQ:SPKE)
Institutional Ownership Percentage: 35.93%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/21/2017||Gil Melman||VP||Sell||4,000||$15.89||$63,560.00|| |
|9/15/2017||W Keith Maxwell III||Director||Buy||47,200||$16.72||$789,184.00|| |
|9/14/2017||W Keith Maxwell III||Director||Buy||11,400||$16.37||$186,618.00|| |
|9/12/2017||W Keith Maxwell III||Director||Buy||21,900||$15.76||$345,144.00|| |
|9/11/2017||W Keith Maxwell III||Director||Buy||30,440||$15.52||$472,428.80|| |
|9/8/2017||W Keith Maxwell III||Director||Buy||47,779||$15.26||$729,107.54|| |
|8/29/2017||James G. Jones II||Director||Buy||1,000||$16.39||$16,390.00|| |
|8/11/2017||Nathan Kroeker||CEO||Buy||1,775||$26.30||$46,682.50|| |
|8/10/2017||Nathan Kroeker||CEO||Buy||1,000||$26.30||$26,300.00|| |
|8/9/2017||Gil Melman||VP||Sell||3,000||$17.20||$51,600.00|| |
|8/9/2017||Nathan Kroeker||CEO||Buy||1,000||$26.41||$26,410.00|| |
|7/28/2017||W Keith Maxwell III||Director||Sell||22,218||$21.12||$469,244.16|| |
|7/27/2017||W Keith Maxwell III||Director||Sell||8,100||$21.11||$170,991.00|| |
|7/26/2017||W Keith Maxwell III||Director||Sell||10,524||$21.11||$222,161.64|| |
|7/20/2017||W Keith Maxwell III||Director||Sell||56,400||$21.23||$1,197,372.00|| |
|7/19/2017||W Keith Maxwell III||Director||Sell||47,300||$21.25||$1,005,125.00|| |
|7/18/2017||W Keith Maxwell III||Director||Sell||6,800||$21.01||$142,868.00|| |
|7/5/2017||W Keith Maxwell III||Director||Buy||250||$17.70||$4,425.00|| |
|5/31/2017||W Keith Maxwell III||Director||Buy||2,400||$43.80||$105,120.00|| |
|5/30/2017||W Keith Maxwell III||Director||Buy||1,000||$43.63||$43,630.00|| |
|5/25/2017||Nathan Kroeker||CEO||Sell||21,244||$43.13||$916,253.72|| |
|5/25/2017||W Keith Maxwell III||Director||Buy||3,807||$43.13||$164,195.91|| |
|5/22/2017||W Keith Maxwell III||Director||Buy||4,600||$39.75||$182,850.00|| |
|5/19/2017||W Keith Maxwell III||Director||Buy||7,195||$38.20||$274,849.00|| |
|5/18/2017||W Keith Maxwell III||Director||Buy||5,615||$37.69||$211,629.35|| |
|5/17/2017||W Keith Maxwell III||Director||Buy||12,638||$36.62||$462,803.56|| |
|5/16/2017||W Keith Maxwell III||Director||Buy||10,100||$36.23||$365,923.00|| |
|3/9/2017||James G Jones II||Director||Buy||494||$25.94||$12,814.36|| |
|3/8/2017||James G Jones II||Director||Buy||1,000||$26.96||$26,960.00|| |
|1/5/2017||W Keith Maxwell III||Director||Buy||2,500||$29.27||$73,175.00|| |
|1/4/2017||W Keith Maxwell III||Director||Buy||22,642||$30.20||$683,788.40|| |
|12/30/2016||W Keith Maxwell III||Director||Buy||9,500||$30.42||$288,990.00|| |
|12/28/2016||W Keith Maxwell III||Director||Buy||1,000||$30.50||$30,500.00|| |
|12/27/2016||W Keith Maxwell III||Director||Buy||5,108||$30.48||$155,691.84|| |
|12/19/2016||W Keith Maxwell III||Director||Buy||22,900||$30.41||$696,389.00|| |
|12/16/2016||W Keith Maxwell III||Director||Buy||13,400||$29.68||$397,712.00|| |
|12/15/2016||W Keith Maxwell III||Director||Buy||5,000||$30.00||$150,000.00|| |
|12/13/2016||W Keith Maxwell III||Director||Buy||3,750||$28.58||$107,175.00|| |
|12/12/2016||W Keith Maxwell III||Director||Buy||19,050||$27.78||$529,209.00|| |
|12/9/2016||W Keith Maxwell III||Director||Buy||23,599||$27.61||$651,568.39|| |
|12/1/2016||W Keith Maxwell III||Director||Buy||8,115||$25.05||$203,280.75|| |
|11/23/2016||Nathan Kroeker||CEO||Buy||100||$26.00||$2,600.00|| |
|11/23/2016||W Keith Maxwell III||Director||Buy||10,800||$25.33||$273,564.00|| |
|11/21/2016||Gil Melman||VP||Buy||550||$27.13||$14,921.50|| |
|11/18/2016||W Keith Maxwell III||Director||Buy||15,311||$26.69||$408,650.59|| |
|11/15/2016||Jason K Garrett||VP||Buy||183||$27.10||$4,959.30|| |
|11/15/2016||Nathan Kroeker||CEO||Buy||50||$27.00||$1,350.00|| |
|11/15/2016||W Keith Maxwell III||Director||Buy||2,900||$26.99||$78,271.00|| |
|11/14/2016||Nathan Kroeker||CEO||Buy||100||$26.34||$2,634.00|| |
|11/14/2016||Robert Lawrence Lane||VP||Buy||375||$26.75||$10,031.25|| |
|11/14/2016||W Keith Maxwell III||Director||Buy||42,185||$25.82||$1,089,216.70|| |
|8/19/2016||James G Jones II||Director||Buy||500||$25.98||$12,990.00|| |
|6/10/2016||W Keith Maxwell III||Director||Sell||12,700||$33.00||$419,100.00|| |
|6/9/2016||W Keith Maxwell III||Director||Sell||96,684||$33.88||$3,275,653.92|| |
|6/7/2016||W Keith Maxwell III||Director||Sell||204,962||$31.38||$6,431,707.56|| |
|6/2/2016||W Keith Maxwell III||Director||Sell||111,257||$30.49||$3,392,225.93|| |
|5/27/2016||W Keith Maxwell III||Director||Sell||48,661||$30.21||$1,470,048.81|| |
|5/23/2016||W Keith Maxwell III||Director||Sell||21,353||$30.02||$641,017.06|| |
|5/20/2016||W Keith Maxwell III||Director||Sell||31,147||$30.28||$943,131.16|| |
|5/17/2016||W Keith Maxwell III||Director||Sell||83,780||$30.71||$2,572,883.80|| |
|5/12/2016||W Keith Maxwell III||Director||Sell||63,720||$30.91||$1,969,585.20|| |
|4/4/2016||W Keith Maxwell III||Director||Sell||1,725,000||$18.00||$31,050,000.00|| |
|3/10/2016||W Keith Maxwell III||Director||Sell||1,614||$25.01||$40,366.14|| |
|3/4/2016||W Keith Maxwell III||Director||Sell||21,713||$25.09||$544,779.17|| |
|2/25/2016||W Keith Maxwell III||Director||Sell||37,999||$25.55||$970,874.45|| |
|2/23/2016||W Keith Maxwell III||Director||Sell||108,341||$25.99||$2,815,782.59|| |
|2/19/2016||W Keith Maxwell III||Director||Sell||51,030||$25.61||$1,306,878.30|| |
|2/16/2016||W Keith Maxwell III||Director||Sell||32,224||$26.32||$848,135.68|| |
|2/12/2016||W Keith Maxwell III||Director||Sell||36,179||$26.27||$950,422.33|| |
|2/11/2016||W Keith Maxwell III||Director||Sell||95,954||$25.97||$2,491,925.38|| |
|2/9/2016||W Keith Maxwell III||Director||Sell||20,738||$25.02||$518,864.76|| |
|2/5/2016||W Keith Maxwell III||Director||Sell||3,534||$25.00||$88,350.00|| |
|2/4/2016||W Keith Maxwell III||Director||Sell||14,300||$25.45||$363,935.00|| |
|12/28/2015||Georganne Hodges||CFO||Sell||1,518||$20.21||$30,678.78|| |
|12/22/2015||W Keith Maxwell III||Director||Buy||10,000||$18.49||$184,900.00|| |
|12/1/2015||W Keith Maxwell III||Director||Buy||37,700||$17.64||$665,028.00|| |
|11/27/2015||W Keith Maxwell III||Director||Buy||10,000||$18.48||$184,800.00|| |
|11/23/2015||Georganne Hodges||CFO||Sell||2,500||$18.50||$46,250.00|| |
|11/16/2015||Georganne Hodges||CFO||Sell||2,500||$17.48||$43,700.00|| |
|9/15/2015||Georganne Hodges||EVP||Sell||1,000||$16.46||$16,460.00|| |
|9/9/2015||W Keith Maxwell III||Director||Buy||2,500||$15.74||$39,350.00|| |
|9/8/2015||W Keith Maxwell III||Director||Buy||2,500||$15.51||$38,775.00|| |
|9/4/2015||W Keith Maxwell III||Director||Buy||2,500||$15.35||$38,375.00|| |
|6/15/2015||Nathan Kroeker||CEO||Buy||5,000||$14.96||$74,800.00|| |
|5/20/2015||W Keith Maxwell III||Director||Buy||5,000||$13.45||$67,250.00|| |
|5/19/2015||W Keith Maxwell III||Director||Buy||5,000||$13.50||$67,500.00|| |
|12/12/2014||Nathan Kroeker||Insider||Buy||1,000||$14.00||$14,000.00|| |
|12/8/2014||Nathan Kroeker||Insider||Buy||1,000||$13.50||$13,500.00|| |
|12/4/2014||James G Jones II||Director||Buy||1,400||$13.84||$19,376.00|| |
|12/3/2014||W Keith Maxwell III||Director||Buy||1,000||$13.65||$13,650.00|| |
|12/2/2014||Georganne Hodges||Insider||Buy||1,000||$13.45||$13,450.00|| |
|12/1/2014||Nathan Kroeker||Insider||Buy||1,000||$13.50||$13,500.00|| |
|11/25/2014||W Keith Maxwell III||Director||Buy||2,000||$14.43||$28,860.00|| |
|11/24/2014||Nathan Kroeker||Insider||Buy||1,000||$15.75||$15,750.00|| |
|11/20/2014||W Keith Maxwell III||Director||Buy||1,000||$16.23||$16,230.00|| |
|11/19/2014||W Keith Maxwell III||Director||Buy||1,000||$16.63||$16,630.00|| |
|11/17/2014||W Keith Maxwell III||Director||Buy||1,000||$16.58||$16,580.00|| |
Headline Trends for Spark Energy (NASDAQ:SPKE)
Latest Headlines for Spark Energy (NASDAQ:SPKE)
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Spark Energy (SPKE) Chart for Monday, October, 23, 2017