Spark Energy Inc. (NASDAQ:SPKE) was down 4.3% during trading on Friday . The stock traded as low as $26.73 and last traded at $26.90, with a volume of 309,470 shares trading hands. The stock had previously closed at $28.10.

Several equities research analysts have commented on SPKE shares. Zacks Investment Research upgraded Spark Energy from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research note on Friday, April 22nd. FBR & Co started coverage on Spark Energy in a research note on Tuesday, April 26th. They issued an “outperform” rating and a $27.00 target price on the stock. Wunderlich boosted their target price on Spark Energy from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, May 6th. Finally, Janney Montgomery Scott cut Spark Energy from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research note on Friday, June 10th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $30.20.

The stock has a 50 day moving average price of $27.91 and a 200 day moving average price of $26.58. The company has a market cap of $152.09 million and a P/E ratio of 15.05.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 13th. Stockholders of record on Monday, August 29th will be given a dividend of $0.3625 per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 5.57%.

In related news, Director W Keith Maxwell III sold 31,147 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $30.28, for a total transaction of $943,131.16. Following the completion of the sale, the director now owns 92,850 shares of the company’s stock, valued at $2,811,498. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

An institutional investor recently raised its position in Spark Energy stock. Advisors Asset Management Inc. boosted its position in shares of Spark Energy Inc. (NASDAQ:SPKE) by 20.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 63,693 shares of the company’s stock after buying an additional 10,600 shares during the period. Advisors Asset Management Inc. owned 2.06% of Spark Energy worth $1,320,000 as of its most recent SEC filing.

Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative for their natural gas and electricity. The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment. It operates in approximately 50 utility service territories across over 20 states and has approximately 328,000 residential customers and over 19,000 commercial customers, which translates to approximately 415,000 renewable energy credits (RCEs).

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