Spark Energy (NASDAQ:SPKE) Share Price Crosses Below Fifty Day Moving Average of $11.00

Shares of Spark Energy Inc (NASDAQ:SPKE) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.00 and traded as low as $10.57. Spark Energy shares last traded at $10.72, with a volume of 920 shares trading hands.

A number of research analysts have recently weighed in on SPKE shares. ValuEngine downgraded Spark Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded Spark Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Finally, BidaskClub downgraded Spark Energy from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th.

The business has a 50 day simple moving average of $10.98 and a 200 day simple moving average of $10.03. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.45 and a quick ratio of 1.44. The stock has a market cap of $371.84 million, a PE ratio of -15.38 and a beta of -0.39.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 2nd will be paid a $0.181 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.72 dividend on an annualized basis and a yield of 6.82%. Spark Energy’s dividend payout ratio (DPR) is currently -105.80%.

In other news, Director W Keith Maxwell III bought 7,348 shares of the stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $9.93 per share, for a total transaction of $72,965.64. Following the completion of the purchase, the director now directly owns 2,472,491 shares of the company’s stock, valued at approximately $24,551,835.63. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders acquired 84,679 shares of company stock worth $884,119 in the last 90 days. Corporate insiders own 66.98% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of SPKE. Walleye Trading Advisors LLC acquired a new position in shares of Spark Energy in the 2nd quarter valued at $115,000. Walleye Trading LLC acquired a new position in shares of Spark Energy in the 2nd quarter valued at $112,000. D. E. Shaw & Co. Inc. lifted its stake in shares of Spark Energy by 60.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 69,679 shares of the utilities provider’s stock valued at $780,000 after purchasing an additional 26,301 shares during the period. Vanguard Group Inc. lifted its stake in shares of Spark Energy by 36.3% in the 2nd quarter. Vanguard Group Inc. now owns 678,683 shares of the utilities provider’s stock valued at $7,595,000 after purchasing an additional 180,633 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Spark Energy by 6.0% in the 2nd quarter. BlackRock Inc. now owns 990,906 shares of the utilities provider’s stock valued at $11,088,000 after purchasing an additional 56,151 shares during the period. Hedge funds and other institutional investors own 31.81% of the company’s stock.

About Spark Energy (NASDAQ:SPKE)

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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