Spark Energy Inc. (SPKE) Director W Keith Maxwell III Acquires 15,311 Shares
Spark Energy Inc. (NASDAQ:SPKE) Director W Keith Maxwell III bought 15,311 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was bought at an average price of $26.69 per share, with a total value of $408,650.59. Following the completion of the purchase, the director now directly owns 152,596 shares in the company, valued at $4,072,787.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
W Keith Maxwell III also recently made the following trade(s):
- On Tuesday, November 15th, W Keith Maxwell III bought 2,900 shares of Spark Energy stock. The shares were purchased at an average cost of $26.99 per share, with a total value of $78,271.00.
- On Monday, November 14th, W Keith Maxwell III bought 42,185 shares of Spark Energy stock. The shares were purchased 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 25.60 on Tuesday. The firm’s 50-day moving average is $25.79 and its 200 day moving average is $28.46. The firm’s market cap is $166.30 million. Spark Energy Inc. has a 52 week low of $17.05 and a 52 week 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. This represents a $1.45 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend is Tuesday, November 29th.
Large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Spark Energy by 144.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 22,767 shares of the company’s stock valued at $663,000 after buying an additional 13,467 shares in the last quarter. Crow Point Partners LLC bought a new stake in shares of Spark Energy during the third quarter valued at $17,824,000. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Spark Energy by 104.7% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 144,257 shares of the company’s stock valued at $4,201,000 after buying an additional 73,800 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in shares of Spark Energy during the third quarter valued at $377,000. Finally, Nuveen Fund Advisors LLC increased its stake in shares of Spark Energy by 49.7% in the third quarter. Nuveen Fund Advisors LLC now owns 9,917 shares of the company’s stock valued at $289,000 after buying an additional 3,292 shares in the last quarter. 33.24% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on SPKE. Wunderlich lifted their target price on shares of Spark Energy from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, August 12th. TheStreet raised shares of Spark Energy from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Zacks Investment Research lowered shares of Spark Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 12th. 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 report on Wednesday, July 27th. Finally, 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 report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Spark Energy has a consensus rating of “Hold” and a consensus target price of $30.50.
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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