Advisors Asset Management Inc. cut its stake in Spark Energy, Inc. (NASDAQ:SPKE) by 49.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,780 shares of the utilities provider’s stock after selling 41,116 shares during the period. Advisors Asset Management Inc. owned 0.12% of Spark Energy worth $627,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Spark Energy by 85.0% during the second quarter. JPMorgan Chase & Co. now owns 1,226,430 shares of the utilities provider’s stock worth $23,057,000 after purchasing an additional 563,480 shares during the period. Vanguard Group Inc. raised its holdings in shares of Spark Energy by 118.4% during the second quarter. Vanguard Group Inc. now owns 1,220,209 shares of the utilities provider’s stock worth $22,941,000 after purchasing an additional 661,547 shares during the period. American Century Companies Inc. raised its holdings in shares of Spark Energy by 108.7% during the second quarter. American Century Companies Inc. now owns 1,065,211 shares of the utilities provider’s stock worth $20,026,000 after purchasing an additional 554,707 shares during the period. LSV Asset Management raised its holdings in shares of Spark Energy by 90.6% during the second quarter. LSV Asset Management now owns 823,992 shares of the utilities provider’s stock worth $15,491,000 after purchasing an additional 391,646 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Spark Energy by 83.0% during the second quarter. Wells Fargo & Company MN now owns 352,564 shares of the utilities provider’s stock worth $6,628,000 after purchasing an additional 159,894 shares during the period. 35.27% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on SPKE. Zacks Investment Research cut shares of Spark Energy from a “buy” rating to a “hold” rating in a report on Friday, August 11th. TheStreet cut shares of Spark Energy from a “b” rating to a “c+” rating in a report on Monday, October 23rd. Janney Montgomery Scott raised shares of Spark Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. B. Riley cut shares of Spark Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $23.50 to $17.00 in a report on Tuesday, November 7th. Finally, ValuEngine cut shares of Spark Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.21.

Spark Energy, Inc. (NASDAQ SPKE) opened at $13.55 on Tuesday. The company has a market cap of $469.25, a PE ratio of 16.24 and a beta of -1.67. The company has a current ratio of 1.63, a quick ratio of 1.58 and a debt-to-equity ratio of 0.69. Spark Energy, Inc. has a 12-month low of $11.30 and a 12-month high of $23.65.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.1813 per share. The ex-dividend date is Tuesday, November 28th. This represents a $0.73 annualized dividend and a dividend yield of 5.35%. Spark Energy’s dividend payout ratio is currently 90.12%.

In other news, Director W Keith Maxwell III purchased 4,100 shares of the stock in a transaction dated Wednesday, November 29th. The stock was acquired at an average price of $12.61 per share, for a total transaction of $51,701.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gil Melman sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $15.89, for a total transaction of $63,560.00. Following the transaction, the vice president now owns 33,308 shares of the company’s stock, valued at approximately $529,264.12. The disclosure for this sale can be found here. Insiders have bought 163,819 shares of company stock valued at $2,585,983 in the last 90 days. Insiders own 66.89% of the company’s stock.

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Spark Energy Company Profile

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.

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Institutional Ownership by Quarter for Spark Energy (NASDAQ:SPKE)

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