Spark Energy Inc. (SPKE) VP Buys $10,031.25 in Stock
Spark Energy Inc. (NASDAQ:SPKE) VP Robert Lawrence Lane acquired 375 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was purchased at an average cost of $26.75 per share, with a total value of $10,031.25. Following the completion of the purchase, the vice president now directly owns 375 shares of the company’s stock, valued at approximately $10,031.25. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Spark Energy Inc. (NASDAQ:SPKE) traded up 0.281% during mid-day trading on Thursday, reaching $26.775. The company’s stock had a trading volume of 11,011 shares. Spark Energy Inc. has a 52 week low of $17.05 and a 52 week high of $35.63. The firm has a market capitalization of $173.96 billion, a PE ratio of 21.947 and a beta of -1.87. The firm has a 50-day moving average of $26.07 and a 200-day moving average of $28.43.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.43%.
A number of research analysts recently issued reports on SPKE shares. TheStreet upgraded Spark Energy from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Wunderlich lifted their target price on Spark Energy from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, August 12th. FBR & Co reiterated a “buy” rating and issued a $33.00 target price (up from $32.00) on shares of Spark Energy in a report on Thursday, August 11th. Janney Montgomery Scott upgraded 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. Finally, Zacks Investment Research lowered Spark Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $30.50.
Several hedge funds have recently added to or reduced their stakes in SPKE. Nisa Investment Advisors LLC increased its stake in 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 last quarter. Feltz Wealth PLAN Inc. purchased a new stake in Spark Energy during the second quarter worth approximately $171,000. Bank of Montreal Can purchased a new stake in Spark Energy during the second quarter worth approximately $175,000. Teachers Advisors LLC increased its stake in 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 last quarter. Finally, Nuveen Fund Advisors LLC purchased a new stake in Spark Energy during the second quarter worth approximately $219,000. Institutional investors and hedge funds 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).
Receive News & Stock Ratings for Spark Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spark Energy Inc. and related stocks with our FREE daily email newsletter.