Spark Energy Inc. (SPKE) Director Purchases $1,089,216.70 in Stock
Spark Energy Inc. (NASDAQ:SPKE) Director W Keith Maxwell III purchased 42,185 shares of the business’s stock in a transaction on Monday, November 14th. The shares were acquired at an average cost of $25.82 per share, with a total value of $1,089,216.70. Following the acquisition, the director now directly owns 135,035 shares in the company, valued at $3,486,603.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
W Keith Maxwell III also recently made the following trade(s):
- On Tuesday, November 15th, W Keith Maxwell III purchased 2,900 shares of Spark Energy stock. The shares were acquired at an average cost of $26.99 per share, with a total value of $78,271.00.
Spark Energy Inc. (NASDAQ:SPKE) opened at 26.70 on Thursday. The company has a 50 day moving average price of $26.07 and a 200-day moving average price of $28.43. The company’s market cap is $173.44 million. Spark Energy Inc. has a 12 month low of $17.05 and a 12 month high of $35.63.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Thursday, December 1st will be issued a dividend of $0.3625 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.45 annualized dividend and a yield of 5.43%.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Spark Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Janney Montgomery Scott raised Spark Energy from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a report on Wednesday, July 27th. FBR & Co reissued a “buy” rating and set a $33.00 target price (up previously from $32.00) on shares of Spark Energy in a report on Thursday, August 11th. Wunderlich lifted their target price on Spark Energy from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Finally, Ladenburg Thalmann assumed coverage on Spark Energy in a report on Friday, August 19th. They set a “neutral” rating and a $27.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.50.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its position in shares of Spark Energy by 1,350.0% in the third quarter. Nisa Investment Advisors LLC now owns 5,800 shares of the company’s stock worth $169,000 after buying an additional 5,400 shares during the period. Feltz Wealth PLAN Inc. acquired a new position in shares of Spark Energy during the second quarter worth about $171,000. Bank of Montreal Can acquired a new position in shares of Spark Energy during the second quarter worth about $175,000. Teachers Advisors LLC increased its position in shares of Spark Energy by 3.9% in the third quarter. Teachers Advisors LLC now owns 6,763 shares of the company’s stock worth $197,000 after buying an additional 256 shares during the period. Finally, Nuveen Fund Advisors LLC acquired a new position in shares of Spark Energy during the second quarter worth about $219,000. Hedge funds and other institutional investors own 32.84% of the company’s stock.
Spark Energy Company Profile
Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative for their natural gas and electricity. The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment. It operates in approximately 50 utility service territories across over 20 states and has approximately 328,000 residential customers and over 19,000 commercial customers, which translates to approximately 415,000 renewable energy credits (RCEs).
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