Equities researchers at StockNews.com initiated coverage on shares of Via Renewables (NASDAQ:VIA – Get Free Report) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.
Via Renewables Stock Performance
NASDAQ VIA opened at $10.59 on Tuesday. The stock’s fifty day moving average is $10.08 and its two-hundred day moving average is $8.72. The company has a debt-to-equity ratio of 2.51, a current ratio of 2.47 and a quick ratio of 2.42. Via Renewables has a fifty-two week low of $5.22 and a fifty-two week high of $36.00.
Hedge Funds Weigh In On Via Renewables
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in Via Renewables by 52.1% in the first quarter. JPMorgan Chase & Co. now owns 832,909 shares of the company’s stock valued at $6,863,000 after purchasing an additional 285,232 shares during the period. Commonwealth Equity Services LLC purchased a new stake in Via Renewables in the third quarter valued at $851,000. Morgan Stanley raised its position in Via Renewables by 135.9% in the fourth quarter. Morgan Stanley now owns 189,121 shares of the company’s stock valued at $966,000 after purchasing an additional 108,960 shares during the period. Marshall Wace LLP raised its position in Via Renewables by 94.1% in the fourth quarter. Marshall Wace LLP now owns 181,167 shares of the company’s stock valued at $926,000 after purchasing an additional 87,830 shares during the period. Finally, Millennium Management LLC raised its position in Via Renewables by 257.7% in the second quarter. Millennium Management LLC now owns 91,986 shares of the company’s stock valued at $705,000 after purchasing an additional 66,271 shares during the period. Institutional investors and hedge funds own 76.60% of the company’s stock.
Via Renewables Company Profile
Via Renewables, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through 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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