Spark Energy Inc. (NASDAQ:SPKE) VP Gil Melman purchased 550 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was purchased at an average price of $27.13 per share, for a total transaction of $14,921.50. Following the completion of the transaction, the vice president now directly owns 11,846 shares in the company, valued at $321,381.98. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Spark Energy Inc. (NASDAQ:SPKE) traded up 3.52% during trading on Tuesday, hitting $26.50. 40,853 shares of the stock traded hands. The company has a 50-day moving average of $25.79 and a 200-day moving average of $28.46. The firm’s market cap is $172.14 million. Spark Energy Inc. has a 52 week low of $17.05 and a 52 week high of $35.63.

Insider Buying and Selling by Quarter for Spark Energy (NASDAQ:SPKE)

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 paid 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 5.66%.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Advisors LLC increased its position in Spark Energy by 0.4% in the third quarter. BlackRock Advisors LLC now owns 24,570 shares of the company’s stock valued at $716,000 after buying an additional 100 shares in the last quarter. California State Teachers Retirement System increased its position in Spark Energy by 1.0% in the third quarter. California State Teachers Retirement System now owns 10,352 shares of the company’s stock valued at $302,000 after buying an additional 100 shares in the last quarter. Teachers Advisors LLC increased its position in Spark Energy by 3.9% in the third quarter. Teachers Advisors LLC now owns 6,763 shares of the company’s stock valued at $197,000 after buying an additional 256 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Spark Energy by 8.1% in the second quarter. PNC Financial Services Group Inc. now owns 16,100 shares of the company’s stock valued at $532,000 after buying an additional 1,200 shares in the last quarter. Finally, Eqis Capital Management Inc. increased its position in Spark Energy by 31.9% in the third quarter. Eqis Capital Management Inc. now owns 9,397 shares of the company’s stock valued at $274,000 after buying an additional 2,273 shares in the last quarter. Institutional investors own 33.24% of the company’s stock.

A number of analysts recently weighed in on SPKE shares. Ladenburg Thalmann started coverage on shares of Spark Energy in a research report on Friday, August 19th. They issued a “neutral” rating and a $27.00 price target on the stock. Zacks Investment Research downgraded shares of Spark Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 12th. TheStreet upgraded shares of Spark Energy from a “hold” rating to a “buy” rating in a report on Friday, October 28th. FBR & Co restated a “buy” rating and set a $33.00 target price (up from $32.00) on shares of Spark Energy in a report on Thursday, August 11th. Finally, Janney Montgomery Scott upgraded shares of Spark Energy from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average 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).

5 Day Chart for NASDAQ:SPKE

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