W Keith Maxwell III Purchases 2,900 Shares of Spark Energy Inc. (SPKE) Stock
Spark Energy Inc. (NASDAQ:SPKE) Director W Keith Maxwell III bought 2,900 shares of the firm’s stock in a transaction on Tuesday, November 15th. The shares were purchased at an average cost of $26.99 per share, with a total value of $78,271.00. Following the transaction, the director now directly owns 137,935 shares in the company, valued at approximately $3,722,865.65. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
W Keith Maxwell III also recently made the following trade(s):
- On Monday, November 14th, W Keith Maxwell III acquired 42,185 shares of Spark Energy stock. The shares were bought at an average cost of $25.82 per share, with a total value of $1,089,216.70.
Shares of Spark Energy Inc. (NASDAQ:SPKE) opened at 26.70 on Friday. The firm’s market cap is $173.44 million. The company has a 50-day moving average of $25.98 and a 200 day moving average of $28.42. Spark Energy Inc. has a 52-week low of $17.05 and a 52-week high of $35.63.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Thursday, December 1st will be given a $0.3625 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.45 annualized dividend and a yield of 5.43%.
SPKE has been the subject of several recent analyst reports. TheStreet raised shares of Spark Energy from a “hold” rating to a “buy” rating in a research report on Friday, October 28th. Wunderlich lifted their price target on shares of Spark Energy from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, August 12th. FBR & Co reissued a “buy” rating and issued a $33.00 price target (up previously from $32.00) on shares of Spark Energy in a research report on Thursday, August 11th. Janney Montgomery Scott raised shares of Spark Energy from a “neutral” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Wednesday, July 27th. Finally, Zacks Investment Research downgraded shares of Spark Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 6th. 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 stock. The company currently has an average rating of “Hold” and a consensus target price of $30.50.
A number of hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in shares of Spark Energy during the second quarter valued at $175,000. 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 in the last quarter. Nuveen Fund Advisors LLC acquired a new position in shares of Spark Energy during the second quarter worth approximately $219,000. 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 in the last quarter. Finally, Eagle Global Advisors LLC acquired a new position in shares of Spark Energy during the second quarter worth approximately $230,000. 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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