Spark Energy Inc (SPKE) Director Buys $274,849.00 in Stock

Spark Energy Inc (NASDAQ:SPKE) Director W Keith Maxwell III bought 7,195 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average price of $38.20 per share, with a total value of $274,849.00. Following the transaction, the director now directly owns 336,158 shares in the company, valued at $12,841,235.60. The acquisition 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 Monday, May 22nd, W Keith Maxwell III bought 4,600 shares of Spark Energy stock. The stock was purchased at an average price of $39.75 per share, with a total value 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 price of $37.69 per share, with a total value of $211,629.35.
  • On Wednesday, May 17th, W Keith Maxwell III bought 12,638 shares of Spark Energy stock. The stock was purchased at an average price of $36.62 per share, with a total value of $462,803.56.
  • On Tuesday, May 16th, W Keith Maxwell III bought 10,100 shares of Spark Energy stock. The stock was purchased at an average price of $36.23 per share, with a total value of $365,923.00.

Shares of Spark Energy Inc (NASDAQ:SPKE) traded up 7.75% during trading on Thursday, reaching $43.10. The company’s stock had a trading volume of 62,654 shares. Spark Energy Inc has a 12-month low of $22.57 and a 12-month high of $43.65. The company has a 50 day moving average of $35.28 and a 200-day moving average of $29.82. The stock has a market cap of $280.11 million, a price-to-earnings ratio of 43.45 and a beta of -1.76. Spark Energy’s stock is scheduled to split before the market opens on Monday, June 19th. The 2-1 split was announced on Tuesday, May 23rd. The newly minted shares will be payable to shareholders after the market closes on Friday, June 16th.

Spark Energy (NASDAQ:SPKE) last posted its quarterly earnings data on Monday, May 8th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.43. The company had revenue of $194.35 million during the quarter, compared to the consensus estimate of $140.07 million. Spark Energy had a net margin of 1.52% and a return on equity of 16.38%. Analysts forecast that Spark Energy Inc will post $2.49 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Tuesday, May 30th will be paid a $0.3625 dividend. This represents a $1.45 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Thursday, May 25th.

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A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Spark Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 9th. Guggenheim assumed coverage on Spark Energy in a research report on Wednesday, February 1st. They issued a “buy” rating and a $30.00 target price for the company. Janney Montgomery Scott set a $35.00 target price on Spark Energy and gave the stock a “buy” rating in a research report on Monday, February 27th. FBR & Co restated an “outperform” rating on shares of Spark Energy in a research report on Monday, March 6th. Finally, TheStreet upgraded Spark Energy from a “c” rating to a “b-” rating in a research report on Monday, May 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $35.50.

Several large investors have recently bought and sold shares of SPKE. Great West Life Assurance Co. Can raised its stake in Spark Energy by 74.2% in the third quarter. Great West Life Assurance Co. Can now owns 194,321 shares of the utilities provider’s stock valued at $5,671,000 after buying an additional 82,755 shares during the last quarter. BlackRock Advisors LLC raised its stake in Spark Energy by 0.4% in the third quarter. BlackRock Advisors LLC now owns 24,570 shares of the utilities provider’s stock valued at $716,000 after buying an additional 100 shares during the last quarter. Spark Investment Management LLC raised its stake in Spark Energy by 67.8% in the third quarter. Spark Investment Management LLC now owns 233,700 shares of the utilities provider’s stock valued at $6,807,000 after buying an additional 94,400 shares during the last quarter. Nuveen Fund Advisors LLC raised its stake in Spark Energy by 49.7% in the third quarter. Nuveen Fund Advisors LLC now owns 9,917 shares of the utilities provider’s stock valued at $289,000 after buying an additional 3,292 shares during the last quarter. Finally, Crow Point Partners LLC bought a new stake in Spark Energy during the third quarter valued at about $17,824,000. 38.79% of the stock is owned by institutional investors and hedge funds.

About Spark Energy

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.

12 Month Chart for NASDAQ:SPKE

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