Spark Energy Inc. (NASDAQ:SPKE) Director W Keith Maxwell III bought 10,800 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was purchased at an average price of $25.33 per share, with a total value of $273,564.00. Following the completion of the purchase, the director now directly owns 164,046 shares of the company’s stock, valued at approximately $4,155,285.18. The purchase 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 Friday, November 18th, W Keith Maxwell III bought 15,311 shares of Spark Energy stock. The stock was purchased at an average price of $26.69 per share, with a total value of $408,650.59.
  • On Tuesday, November 15th, W Keith Maxwell III bought 2,900 shares of Spark Energy stock. The stock was purchased at an average price 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 stock was purchased at an average price of $25.82 per share, with a total value of $1,089,216.70.

Shares of Spark Energy Inc. (NASDAQ:SPKE) opened at 26.15 on Wednesday. The stock’s 50 day moving average price is $25.66 and its 200 day moving average price is $28.30. Spark Energy Inc. has a one year low of $17.05 and a one year high of $35.63. The company’s market cap is $169.87 million.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Thursday, December 1st will be given 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 yield of 5.54%.

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A number of analysts have weighed in on the company. Ladenburg Thalmann assumed coverage on 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 upgraded Spark Energy from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research report on Wednesday, August 17th. FBR & Co reiterated a “buy” rating and issued a $33.00 price target (up from $32.00) on shares of Spark Energy in a research report on Thursday, August 11th. TheStreet upgraded Spark Energy from a “hold” rating to a “buy” rating in a research report on Friday, October 28th. Finally, Wunderlich upped their price target on Spark Energy from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, August 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $30.50.

Large investors have recently modified their holdings of the company. BlackRock Advisors LLC raised its stake in shares of Spark Energy by 0.4% in the third quarter. BlackRock Advisors LLC now owns 24,570 shares of the company’s stock worth $716,000 after buying an additional 100 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Spark Energy by 1.0% in the third quarter. California State Teachers Retirement System now owns 10,352 shares of the company’s stock worth $302,000 after buying an additional 100 shares in the last quarter. Teachers Advisors LLC raised its stake 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. PNC Financial Services Group Inc. raised its stake in shares of Spark Energy by 8.1% in the second quarter. PNC Financial Services Group Inc. now owns 16,100 shares of the company’s stock worth $532,000 after buying an additional 1,200 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its stake in shares of Spark Energy by 31.9% in the third quarter. Eqis Capital Management Inc. now owns 9,397 shares of the company’s stock worth $274,000 after buying an additional 2,273 shares in the last quarter. Institutional investors and hedge funds own 36.35% 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).

5 Day Chart for NASDAQ:SPKE

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