Toron Capital Markets Lowered Its Transcanada (TRP) Stake; Spark Energy (SPKE) Has 1.21 Sentiment

May 27, 2018 - By Migdalia James

TransCanada Corporation (NYSE:TRP) Logo

Spark Energy (SPKE) investors sentiment increased to 1.21 in Q4 2017. It’s up 0.05, from 1.16 in 2017Q3. The ratio improved, as 46 institutional investors opened new and increased equity positions, while 38 trimmed and sold stakes in Spark Energy. The institutional investors in our database now hold: 10.52 million shares, down from 11.25 million shares in 2017Q3. Also, the number of institutional investors holding Spark Energy in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 14 Reduced: 24 Increased: 33 New Position: 13.

Toron Capital Markets Inc decreased Transcanada Corp (TRP) stake by 0.95% reported in 2017Q4 SEC filing. Toron Capital Markets Inc sold 15,085 shares as Transcanada Corp (TRP)’s stock declined 16.00%. The Toron Capital Markets Inc holds 1.57M shares with $76.46 million value, down from 1.59M last quarter. Transcanada Corp now has $37.05B valuation. The stock decreased 0.55% or $0.23 during the last trading session, reaching $41.63. About 2.82M shares traded or 83.88% up from the average. TransCanada Corporation (NYSE:TRP) has declined 12.65% since May 27, 2017 and is downtrending. It has underperformed by 24.20% the S&P500.

Analysts await TransCanada Corporation (NYSE:TRP) to report earnings on July, 27. They expect $0.56 EPS, 0.00% or $0.00 from last year’s $0.56 per share. TRP’s profit will be $498.40 million for 18.58 P/E if the $0.56 EPS becomes a reality. After $0.78 actual EPS reported by TransCanada Corporation for the previous quarter, Wall Street now forecasts -28.21% negative EPS growth.

Among 13 analysts covering TransCanada Corporation (NYSE:TRP), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. TransCanada Corporation had 29 analyst reports since August 4, 2015 according to SRatingsIntel. Wolfe Research maintained TransCanada Corporation (NYSE:TRP) on Monday, May 15 with “Outperform” rating. BMO Capital Markets maintained TransCanada Corporation (NYSE:TRP) on Monday, July 31 with “Outperform” rating. The stock has “Market Perform” rating by Wells Fargo on Thursday, March 22. The firm has “Overweight” rating by Morgan Stanley given on Friday, March 23. The firm has “Buy” rating by TheStreet given on Saturday, August 15. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, November 4. The company was downgraded on Thursday, August 6 by Zacks. The stock of TransCanada Corporation (NYSE:TRP) has “Sector Outperform” rating given on Monday, December 7 by IBC. On Friday, November 17 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm earned “Hold” rating on Tuesday, September 1 by Zacks.

More important recent TransCanada Corporation (NYSE:TRP) news were published by: Seekingalpha.com which released: “Court hears challenge to Keystone XL pipeline permit” on May 24, 2018, also Seekingalpha.com published article titled: “Show Me The Money”, Seekingalpha.com published: “Reuters: US lifts Keystone pipeline pressure restrictions” on May 03, 2018. More interesting news about TransCanada Corporation (NYSE:TRP) was released by: Seekingalpha.com and their article: “TransCanada’s C$1.4B North Montney Mainline project approved by NEB” with publication date: May 24, 2018.

Spark Energy, Inc., through its subsidiaries, operates as an independent retail energy services firm in the United States. The company has market cap of $356.65 million. It operates through two divisions, Retail Natural Gas and Retail Electricity. It has a 8.66 P/E ratio. The firm is involved in the retail distribution of natural gas and electricity to residential, commercial, and industrial customers.

Since January 1, 0001, it had 4 insider purchases, and 0 sales for $498,560 activity.

Analysts await Spark Energy, Inc. (NASDAQ:SPKE) to report earnings on August, 3. They expect $0.04 EPS, up 300.00% or $0.03 from last year’s $0.01 per share. SPKE’s profit will be $1.39M for 64.38 P/E if the $0.04 EPS becomes a reality. After $0.62 actual EPS reported by Spark Energy, Inc. for the previous quarter, Wall Street now forecasts -93.55% negative EPS growth.

More recent Spark Energy, Inc. (NASDAQ:SPKE) news were published by: Globenewswire.com which released: “Spark Energy, Inc. Reports First Quarter 2018 Financial Results” on May 09, 2018. Also Seekingalpha.com published the news titled: “Spark Energy’s (SPKE) CEO Nathan Kroeker on Q1 2018 Results – Earnings Call Transcript” on May 10, 2018. Benzinga.com‘s news article titled: “Mid-Afternoon Market Update: Hibbett Sports Falls On Downbeat Earnings; Acorn International Shares Surge” with publication date: May 25, 2018 was also an interesting one.

Crow Point Partners Llc holds 2.09% of its portfolio in Spark Energy, Inc. for 1.07 million shares. Bard Associates Inc owns 180,850 shares or 1.08% of their US portfolio. Moreover, Trellus Management Company Llc has 0.68% invested in the company for 40,000 shares. The California-based Globeflex Capital L P has invested 0.33% in the stock. Heartland Advisors Inc, a Wisconsin-based fund reported 374,350 shares.

Spark Energy, Inc. (NASDAQ:SPKE) Institutional Positions Chart

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