Via Renewables (NASDAQ:VIA) Now Covered by StockNews.com

StockNews.com started coverage on shares of Via Renewables (NASDAQ:VIA) in a report issued on Wednesday. The firm set a “hold” rating on the stock.

Via Renewables Stock Up 0.3 %

VIA opened at $10.83 on Wednesday. Via Renewables has a fifty-two week low of $5.22 and a fifty-two week high of $18.48. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.95 and a current ratio of 1.99. The company has a market capitalization of $78.30 million, a P/E ratio of 11.40 and a beta of 1.31. The stock has a fifty day moving average of $10.84 and a 200-day moving average of $9.47.

Via Renewables (NASDAQ:VIA) last posted its earnings results on Wednesday, February 28th. The company reported ($0.93) earnings per share for the quarter. Via Renewables had a return on equity of 48.61% and a net margin of 3.44%. The firm had revenue of $101.70 million for the quarter.

Institutional Investors Weigh In On Via Renewables

A number of hedge funds and other institutional investors have recently modified their holdings of VIA. BlackRock Inc. raised its stake in Via Renewables by 1.1% in the first quarter. BlackRock Inc. now owns 877,493 shares of the company’s stock valued at $7,230,000 after purchasing an additional 9,764 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 in the last quarter. Bank of New York Mellon Corp raised its stake in Via Renewables by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 373,583 shares of the company’s stock valued at $2,582,000 after purchasing an additional 10,414 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Via Renewables by 4.3% in the third quarter. Dimensional Fund Advisors LP now owns 270,041 shares of the company’s stock valued at $1,866,000 after purchasing an additional 11,055 shares in the last quarter. Finally, State Street Corp raised its stake in Via Renewables by 7.1% in the third quarter. State Street Corp now owns 267,068 shares of the company’s stock valued at $1,845,000 after purchasing an additional 17,626 shares in the last quarter. Institutional investors and hedge funds own 74.40% 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.