Spark Energy Inc (NASDAQ:SPKE) Director Acquires $31,720.50 in Stock

Spark Energy Inc (NASDAQ:SPKE) Director W Keith Maxwell III purchased 2,850 shares of the firm’s stock in a transaction on Wednesday, June 19th. The shares were acquired at an average price of $11.13 per share, with a total value of $31,720.50. Following the completion of the acquisition, the director now owns 2,521,265 shares in the company, valued at approximately $28,061,679.45. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Wednesday, June 12th, W Keith Maxwell III purchased 6,950 shares of Spark Energy stock. The shares were acquired at an average price of $11.00 per share, with a total value of $76,450.00.
  • On Monday, June 10th, W Keith Maxwell III purchased 2,200 shares of Spark Energy stock. The shares were acquired at an average price of $10.28 per share, with a total value of $22,616.00.
  • On Thursday, June 6th, W Keith Maxwell III purchased 14,130 shares of Spark Energy stock. The shares were acquired at an average price of $10.16 per share, with a total value of $143,560.80.
  • On Tuesday, June 4th, W Keith Maxwell III purchased 7,348 shares of Spark Energy stock. The shares were acquired at an average price of $9.93 per share, with a total value of $72,965.64.
  • On Thursday, May 30th, W Keith Maxwell III purchased 15,701 shares of Spark Energy stock. The shares were acquired at an average price of $9.99 per share, with a total value of $156,852.99.
  • On Tuesday, May 28th, W Keith Maxwell III purchased 10,700 shares of Spark Energy stock. The shares were acquired at an average price of $10.51 per share, with a total value of $112,457.00.
  • On Thursday, May 23rd, W Keith Maxwell III purchased 5,698 shares of Spark Energy stock. The shares were acquired at an average price of $10.59 per share, with a total value of $60,341.82.
  • On Tuesday, May 21st, W Keith Maxwell III purchased 9,512 shares of Spark Energy stock. The shares were acquired at an average price of $10.58 per share, with a total value of $100,636.96.
  • On Friday, May 17th, W Keith Maxwell III purchased 11,476 shares of Spark Energy stock. The shares were acquired at an average price of $15.23 per share, with a total value of $174,779.48.
  • On Wednesday, May 15th, W Keith Maxwell III purchased 22,366 shares of Spark Energy stock. The shares were acquired at an average price of $9.83 per share, with a total value of $219,857.78.

Shares of NASDAQ SPKE opened at $11.15 on Monday. Spark Energy Inc has a fifty-two week low of $7.20 and a fifty-two week high of $11.71. The stock has a market capitalization of $389.59 million, a P/E ratio of -16.16 and a beta of -0.52. The company has a current ratio of 1.97, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29.

Spark Energy (NASDAQ:SPKE) last announced its quarterly earnings results on Tuesday, May 7th. The utilities provider reported ($0.09) earnings per share for the quarter. Spark Energy had a net margin of 1.24% and a return on equity of 11.69%. The business had revenue of $242.71 million during the quarter, compared to the consensus estimate of $253.80 million. As a group, sell-side analysts expect that Spark Energy Inc will post -0.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.181 dividend. The ex-dividend date was Thursday, May 30th. This represents a $0.72 annualized dividend and a yield of 6.49%. Spark Energy’s payout ratio is -105.80%.

A number of hedge funds and other institutional investors have recently made changes to their positions in SPKE. Rhumbline Advisers lifted its position in Spark Energy by 44.1% in the 4th quarter. Rhumbline Advisers now owns 15,169 shares of the utilities provider’s stock valued at $113,000 after acquiring an additional 4,640 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Spark Energy by 13.5% during the 4th quarter. Bank of America Corp DE now owns 15,446 shares of the utilities provider’s stock worth $114,000 after buying an additional 1,840 shares in the last quarter. Dupont Capital Management Corp bought a new position in shares of Spark Energy during the 1st quarter worth approximately $123,000. D. E. Shaw & Co. Inc. bought a new position in shares of Spark Energy during the 4th quarter worth approximately $145,000. Finally, Hancock Whitney Corp bought a new position in shares of Spark Energy during the 4th quarter worth approximately $153,000. 30.76% of the stock is currently owned by institutional investors and hedge funds.

SPKE has been the topic of a number of research analyst reports. B. Riley cut their price objective on shares of Spark Energy from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 5th. ValuEngine raised shares of Spark Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. BidaskClub cut shares of Spark Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Zacks Investment Research cut shares of Spark Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th.

Spark Energy Company Profile

Spark Energy, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The company engages in the retail distribution of electricity and natural gas to residential and commercial customers.

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