Spark Energy, Inc. (NASDAQ:SPKE) Director W Keith Maxwell III bought 7,195 shares of the stock in a transaction on Friday, May 19th. The stock was purchased at an average cost of $38.20 per share, for a total transaction of $274,849.00. Following the acquisition, the director now owns 336,158 shares of the company’s stock, valued at approximately $12,841,235.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

W Keith Maxwell III also recently made the following trade(s):

  • On Wednesday, May 31st, W Keith Maxwell III bought 2,400 shares of Spark Energy stock. The stock was purchased at an average cost of $43.80 per share, for a total transaction of $105,120.00.
  • On Tuesday, May 30th, W Keith Maxwell III bought 1,000 shares of Spark Energy stock. The stock was purchased at an average cost of $43.63 per share, for a total transaction of $43,630.00.
  • On Thursday, May 25th, W Keith Maxwell III bought 3,807 shares of Spark Energy stock. The stock was purchased at an average cost of $43.13 per share, for a total transaction of $164,195.91.
  • On Monday, May 22nd, W Keith Maxwell III bought 4,600 shares of Spark Energy stock. The stock was purchased at an average cost of $39.75 per share, for a total transaction of $182,850.00.
  • On Thursday, May 18th, W Keith Maxwell III bought 5,615 shares of Spark Energy stock. The stock was purchased at an average cost of $37.69 per share, for a total transaction of $211,629.35.
  • On Wednesday, May 17th, W Keith Maxwell III acquired 12,638 shares of Spark Energy stock. The stock was bought at an average cost of $36.62 per share, for a total transaction of $462,803.56.
  • On Tuesday, May 16th, W Keith Maxwell III acquired 10,100 shares of Spark Energy stock. The stock was bought at an average cost of $36.23 per share, for a total transaction of $365,923.00.

Shares of Spark Energy, Inc. (NASDAQ SPKE) traded up 5.52% during mid-day trading on Friday, reaching $46.80. The company had a trading volume of 219,304 shares. The company has a market capitalization of $304.15 million, a price-to-earnings ratio of 47.18 and a beta of -1.67. The stock has a 50 day moving average of $39.36 and a 200-day moving average of $31.86. Spark Energy, Inc. has a 52 week low of $22.57 and a 52 week high of $47.05. Spark Energy shares are going to split on the morning of Monday, June 19th. The 2-1 split was announced on Tuesday, May 23rd. The newly created shares will be distributed to shareholders after the closing bell on Friday, June 16th.

Spark Energy (NASDAQ:SPKE) last announced its earnings results on Monday, May 8th. The utilities provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.21. Spark Energy had a net margin of 2.10% and a return on equity of 11.82%. The firm had revenue of $194.35 million for the quarter, compared to analyst estimates of $140.07 million. On average, analysts expect that Spark Energy, Inc. will post $2.82 earnings per share for the current fiscal year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Tuesday, May 30th were issued a dividend of $0.1813 per share. The ex-dividend date of this dividend was Thursday, May 25th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.55%. Spark Energy’s payout ratio is currently 88.41%.

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Several institutional investors have recently made changes to their positions in SPKE. Summit Global Investments purchased a new position in shares of Spark Energy during the fourth quarter worth approximately $424,000. Tudor Investment Corp Et Al purchased a new position in shares of Spark Energy during the fourth quarter worth approximately $409,000. GSA Capital Partners LLP boosted its position in shares of Spark Energy by 72.9% in the fourth quarter. GSA Capital Partners LLP now owns 77,072 shares of the utilities provider’s stock worth $2,335,000 after buying an additional 32,500 shares during the last quarter. Allianz Asset Management AG purchased a new position in shares of Spark Energy during the fourth quarter worth approximately $228,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Spark Energy by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 109,975 shares of the utilities provider’s stock worth $3,332,000 after buying an additional 500 shares during the last quarter. 39.38% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently commented on SPKE shares. Zacks Investment Research downgraded Spark Energy from a “hold” rating to a “sell” rating in a research note on Thursday, March 16th. FBR & Co raised their price objective on Spark Energy from $18.50 to $23.50 and gave the stock an “outperform” rating in a research note on Thursday, June 1st. Janney Montgomery Scott set a $17.50 target price on Spark Energy and gave the company a “buy” rating in a research note on Monday, February 27th. Guggenheim downgraded Spark Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 29th. Finally, Wunderlich lifted their target price on Spark Energy from $22.00 to $27.50 and gave the company a “buy” rating in a research note on Monday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $20.25.

Spark Energy Company Profile

Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers in the United States with an alternative choice for their natural gas and electricity. The Company operates through two segments: Retail Natural Gas Segment and Retail Electricity Segment.

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