Via Renewables (NASDAQ:VIA) Upgraded by StockNews.com to Buy

Via Renewables (NASDAQ:VIAGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

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

VIA stock opened at $8.35 on Thursday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.87 and a current ratio of 2.87. Via Renewables has a 52 week low of $7.10 and a 52 week high of $12.35. The firm’s fifty day moving average is $7.92 and its 200 day moving average is $10.12. The firm has a market cap of $297.76 million, a P/E ratio of 7.32 and a beta of 1.03.

Via Renewables (NASDAQ:VIAGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.70 earnings per share (EPS) for the quarter. The business had revenue of $127.15 million for the quarter. Via Renewables had a net margin of 6.33% and a return on equity of 36.29%.

In related news, CEO W Keith Maxwell III bought 4,000 shares of the business’s stock in a transaction dated Wednesday, March 23rd. The shares were purchased at an average price of $8.06 per share, with a total value of $32,240.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders have bought a total of 5,600 shares of company stock worth $47,862 in the last ninety days. Insiders own 66.05% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. boosted its stake in shares of Via Renewables by 112.4% during the 1st quarter. Citigroup Inc. now owns 6,203 shares of the company’s stock valued at $51,000 after purchasing an additional 3,282 shares in the last quarter. New York State Common Retirement Fund bought a new stake in shares of Via Renewables during the 3rd quarter valued at about $77,000. Martingale Asset Management L P bought a new stake in shares of Via Renewables during the 1st quarter valued at about $110,000. Janney Montgomery Scott LLC purchased a new position in Via Renewables during the 4th quarter valued at about $130,000. Finally, Firethorn Wealth Partners LLC purchased a new position in Via Renewables during the 1st quarter valued at about $145,000. 16.90% of the stock is currently owned by hedge funds and other institutional investors.

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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