Via Renewables (NASDAQ:VIA) Coverage Initiated at StockNews.com

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

Via Renewables Stock Up 0.5 %

Shares of NASDAQ VIA opened at $10.88 on Wednesday. The stock has a market capitalization of $78.66 million, a P/E ratio of 11.45 and a beta of 1.31. The company has a 50-day moving average price of $10.85 and a 200-day moving average price of $9.50. Via Renewables has a 1 year low of $5.22 and a 1 year high of $17.24. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.99 and a quick ratio of 1.95.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Citigroup Inc. lifted its position in shares of Via Renewables by 112.4% during the first 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. Goldman Sachs Group Inc. bought a new position in shares of Via Renewables during the second quarter valued at about $72,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Via Renewables during the fourth quarter valued at about $58,000. FMR LLC lifted its position in shares of Via Renewables by 1,109.4% during the second quarter. FMR LLC now owns 11,332 shares of the company’s stock valued at $87,000 after purchasing an additional 10,395 shares in the last quarter. Finally, Bailard Inc. bought a new position in shares of Via Renewables during the fourth quarter valued at about $118,000. 74.40% of the stock is owned by institutional investors.

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.