Our analysis is based on comparing Spark Energy, Inc. with the following peers – Duke Energy Corporation, DTE Energy Company, Southern Company and SCANA Corporation (DUK-US, DTE-US, SO-US and SCG-US).
Dividend Quality Overview
- Over the last twelve months (prior to March 31, 2017), SPKE-US paid a high quality dividend, which represents a yield of 3.34% at the current price.
- Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 3 were high quality, 1 was medium quality and 1 was low quality.
- The ending cash balance, with a dividend coverage of 2.96x, provides a moderate cushion in case of a significant reduction of cash flows in the future.
Quadrant label definitions. Hover to know more
Over the last twelve months (prior to March 31, 2017), SPKE-US paid a high quality dividend.
The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 7.22x), investing cash flow (coverage of -4.89x), issuance cash flow (coverage of 1.05x) and twelve-month prior cash (coverage of 0.35x), for a total dividend coverage of 3.96x.
SPKE-US‘s issuance cash flow includes outflows from net debt repayment (coverage of -1.10x).
These coverage ratio factors imply that the firm’s dividends are wholly paid from operating and investing cash flows net of any debt repayments, which suggests a high dividend quality.
|Dividend Yield (%)||N/A||N/A||0.37||6.9||4.25||4.18|
|Dividend Payout (%)||N/A||N/A||-1202||136.79||65.02||81.93|
A complete list of metrics and analysis is available on the company page.
Spark Energy, Inc. engages in the supply and retail of electricity and natural gas. The company operates through two segments: Retail Natural Gas and Retail Electricity. The Retail Natural Gas segment purchases natural gas supply through physical and financial transactions with market counterparts and supply natural gas to residential and commercial consumers pursuant to fixed-price, variable-price and flat rate contracts. The Retail Electricity segment supplies through physical and financial transactions with market counterparts and independent system operators and supply electricity to residential and commercial consumers pursuant to fixed-price and variable price contracts. The firm also provides green energy solutions and offers renewable electricity and carbon neutral natural gas products. Spark Energy was founded in 1999 and is headquartered in Houston, TX.
The information presented in this report has been obtained from sources deemed to be reliable, but AnalytixInsight does not make any representation about the accuracy, completeness, or timeliness of this information. This report was produced by AnalytixInsight for informational purposes only and nothing contained herein should be construed as an offer to buy or sell or as a solicitation of an offer to buy or sell any security or derivative instrument. This report is current only as of the date that it was published and the opinions, estimates, ratings and other information may change without notice or publication. Past performance is no guarantee of future results. Prior to making an investment or other financial decision, please consult with your financial, legal and tax advisors. AnalytixInsight shall not be liable for any party’s use of this report. AnalytixInsight is not a broker-dealer and does not buy, sell, maintain a position, or make a market in any security referred to herein. One of the principal tenets for us at AnalytixInsight is that the best person to handle your finances is you. By your use of our services or by reading any our reports, you’re agreeing that you bear responsibility for your own investment research and investment decisions. You also agree that AnalytixInsight, its directors, its employees, and its agents will not be liable for any investment decision made or action taken by you and others based on news, information, opinion, or any other material generated by us and/or published through our services. For a complete copy of our disclaimer, please visit our website www.analytixinsight.com.