Spark Energy, Inc. (NASDAQ:SPKE) Director W Keith Maxwell III purchased 47,779 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average cost of $15.26 per share, with a total value of $729,107.54. Following the completion of the acquisition, the director now directly owns 743,959 shares of the company’s stock, valued at $11,352,814.34. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Thursday, July 27th, W Keith Maxwell III sold 8,100 shares of Spark Energy stock. The shares were sold at an average price of $21.11, for a total value of $170,991.00.
  • On Wednesday, July 26th, W Keith Maxwell III sold 10,524 shares of Spark Energy stock. The shares were sold at an average price of $21.11, for a total value of $222,161.64.
  • On Friday, July 28th, W Keith Maxwell III sold 22,218 shares of Spark Energy stock. The shares were sold at an average price of $21.12, for a total value of $469,244.16.
  • On Wednesday, July 19th, W Keith Maxwell III sold 47,300 shares of Spark Energy stock. The shares were sold at an average price of $21.25, for a total value of $1,005,125.00.
  • On Tuesday, July 18th, W Keith Maxwell III sold 6,800 shares of Spark Energy stock. The shares were sold at an average price of $21.01, for a total value of $142,868.00.
  • On Thursday, July 20th, W Keith Maxwell III sold 56,400 shares of Spark Energy stock. The shares were sold at an average price of $21.23, for a total value of $1,197,372.00.
  • On Wednesday, July 5th, W Keith Maxwell III purchased 250 shares of Spark Energy stock. The stock was acquired at an average cost of $17.70 per share, with a total value of $4,425.00.

Shares of Spark Energy, Inc. (SPKE) traded up 1.447% during mid-day trading on Tuesday, reaching $15.775. The company’s stock had a trading volume of 62,150 shares. Spark Energy, Inc. has a 12 month low of $11.53 and a 12 month high of $23.65. The company has a 50-day moving average of $18.02 and a 200-day moving average of $18.12. The firm has a market cap of $207.36 million, a PE ratio of 21.729 and a beta of -1.57.

Spark Energy (NASDAQ:SPKE) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.01 EPS 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 firm had revenue of $151.44 million for the quarter, compared to analyst estimates of $135.72 million. On average, analysts predict that Spark Energy, Inc. will post $0.89 earnings per share for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Tuesday, August 29th will be paid a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date is Friday, August 25th. Spark Energy’s payout ratio is 107.35%.

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Hedge funds have recently made changes to their positions in the company. Highland Capital Management LLC acquired a new stake in shares of Spark Energy during the second quarter valued at about $194,000. Bessemer Group Inc. boosted its stake in shares of Spark Energy by 100.0% during the second quarter. Bessemer Group Inc. now owns 26,600 shares of the utilities provider’s stock valued at $500,000 after purchasing an additional 13,300 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Spark Energy by 5.0% during the first quarter. Wells Fargo & Company MN now owns 192,670 shares of the utilities provider’s stock valued at $6,157,000 after purchasing an additional 9,196 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Spark Energy during the first quarter valued at about $316,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Spark Energy by 379.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 83,100 shares of the utilities provider’s stock valued at $1,565,000 after purchasing an additional 65,781 shares in the last quarter. 35.98% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on SPKE. Zacks Investment Research cut Spark Energy from a “buy” rating to a “hold” rating in a report on Friday, August 11th. BidaskClub cut Spark Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Janney Montgomery Scott set a $22.00 price target on Spark Energy and gave the company a “buy” rating in a report on Tuesday, May 23rd. ValuEngine raised Spark Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Wunderlich lifted their price target on Spark Energy from $22.00 to $27.50 and gave the company a “buy” rating in a report on Monday, June 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average 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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