Spark Energy, Inc. (NASDAQ:SPKE) CEO Nathan Kroeker acquired 1,775 shares of the stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $26.30 per share, for a total transaction of $46,682.50. Following the completion of the transaction, the chief executive officer now directly owns 1,000 shares in the company, valued at approximately $26,300. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Nathan Kroeker also recently made the following trade(s):

  • On Thursday, August 10th, Nathan Kroeker acquired 1,000 shares of Spark Energy stock. The shares were acquired at an average cost of $26.30 per share, for a total transaction of $26,300.00.
  • On Wednesday, August 9th, Nathan Kroeker acquired 1,000 shares of Spark Energy stock. The shares were acquired at an average cost of $26.41 per share, for a total transaction of $26,410.00.
  • On Thursday, May 25th, Nathan Kroeker sold 21,244 shares of Spark Energy stock. The stock was sold at an average price of $43.13, for a total transaction of $916,253.72.

Shares of Spark Energy, Inc. (NASDAQ:SPKE) opened at 18.15 on Monday. The firm has a market cap of $238.58 million, a PE ratio of 25.00 and a beta of -1.62. The stock has a 50 day moving average of $19.99 and a 200 day moving average of $17.55. Spark Energy, Inc. has a 1-year low of $11.52 and a 1-year high of $23.65.

Spark Energy (NASDAQ:SPKE) last issued its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.15. Spark Energy had a net margin of 1.68% and a return on equity of 9.13%. The business had revenue of $151.44 million during the quarter, compared to analyst estimates of $135.72 million. Equities research analysts anticipate that Spark Energy, Inc. will post $0.68 earnings per share for the current fiscal year.

Spark Energy announced that its Board of Directors has authorized a share buyback plan on Wednesday, May 24th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the utilities provider to repurchase up to 19.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Tuesday, August 29th will be issued a $0.1813 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Friday, August 25th. Spark Energy’s payout ratio is 107.35%.

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A number of large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its stake in shares of Spark Energy by 1.1% in the first quarter. Janney Montgomery Scott LLC now owns 8,900 shares of the utilities provider’s stock worth $284,000 after buying an additional 100 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Spark Energy by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 29,239 shares of the utilities provider’s stock worth $934,000 after buying an additional 349 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in 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 in the last quarter. Bard Associates Inc. raised its stake in Spark Energy by 0.8% in the first quarter. Bard Associates Inc. now owns 91,715 shares of the utilities provider’s stock worth $2,930,000 after buying an additional 700 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Spark Energy by 7.5% in the first quarter. PNC Financial Services Group Inc. now owns 12,902 shares of the utilities provider’s stock worth $413,000 after buying an additional 902 shares in the last quarter. 24.77% of the stock is owned by institutional investors.

SPKE has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Spark Energy from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Wednesday, August 2nd. Wunderlich raised their target price on shares of Spark Energy from $22.00 to $27.50 and gave the stock a “buy” rating in a research note on Monday, June 12th. Ladenburg Thalmann Financial Services raised their target price on shares of Spark Energy from $16.50 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 9th. TheStreet upgraded shares of Spark Energy from a “c” rating to a “b-” rating in a research note on Monday, May 8th. Finally, ValuEngine cut shares of Spark Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.08.

About Spark Energy

Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers across 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.

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

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