Via Renewables (NASDAQ:VIA) Downgraded by to Sell lowered shares of Via Renewables (NASDAQ:VIAGet Rating) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

Separately, TheStreet lowered shares of Via Renewables from a b rating to a c rating in a report on Monday, March 7th.

Shares of VIA stock opened at $7.77 on Tuesday. The company has a current ratio of 2.38, a quick ratio of 2.36 and a debt-to-equity ratio of 2.68. Via Renewables has a twelve month low of $7.10 and a twelve month high of $12.35. The company’s 50-day moving average price is $8.38 and its 200-day moving average price is $10.36. The stock has a market cap of $277.08 million, a price-to-earnings ratio of 6.82 and a beta of 1.03.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be given a $0.181 dividend. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $0.72 annualized dividend and a yield of 9.32%. Via Renewables’s payout ratio is 64.04%.

In related news, CEO W Keith Maxwell III acquired 4,000 shares of Via Renewables stock in a transaction that occurred on Wednesday, March 23rd. The shares were purchased at an average cost of $8.06 per share, for a total transaction of $32,240.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders have acquired 5,600 shares of company stock valued at $47,862. 66.05% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of VIA. FMR LLC lifted its stake in Via Renewables by 0.7% during the 1st quarter. FMR LLC now owns 1,260,079 shares of the company’s stock worth $40,889,000 after acquiring an additional 8,969 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in Via Renewables during the third quarter worth about $77,000. Janney Montgomery Scott LLC purchased a new stake in Via Renewables during the fourth quarter worth about $130,000. Strs Ohio purchased a new position in shares of Via Renewables in the first quarter valued at approximately $557,000. Finally, Firethorn Wealth Partners LLC acquired a new position in shares of Via Renewables in the first quarter valued at approximately $145,000. Hedge funds and other institutional investors own 16.90% of the company’s stock.

About Via Renewables (Get Rating)

Via Renewables, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates in two segments, Retail Electricity and Retail Natural Gas. The Retail Electricity segment engages in the transmission and sale of electricity to residential and commercial customers.

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