Spark Energy Inc. (NASDAQ:SPKE) dropped 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 changing hands. The stock had previously closed at $28.10.

SPKE has been the topic of several recent research reports. Wunderlich upped their price objective on shares of Spark Energy from $22.00 to $30.00 and gave the company a “buy” rating in a report on Friday, May 6th. FBR & Co reissued a “buy” rating on shares of Spark Energy in a report on Monday, June 6th. Janney Montgomery Scott raised shares of Spark Energy from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Wednesday, July 27th. Finally, Zacks Investment Research downgraded shares of Spark Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $30.20.

The company has a market cap of $169.01 million and a P/E ratio of 13.33. The firm has a 50-day moving average of $27.71 and a 200-day moving average of $26.60.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 13th. Investors of record on Monday, August 29th will be issued a $0.3625 dividend. The ex-dividend date is Thursday, August 25th. This represents a $1.45 annualized dividend and a yield of 5.57%.

In related news, Director W Keith Maxwell III sold 204,962 shares of Spark Energy stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $31.38, for a total value of $6,431,707.56. Following the completion of the sale, the director now directly owns 92,850 shares in the company, valued at approximately $2,913,633. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

A hedge fund recently raised its stake in Spark Energy stock. Advisors Asset Management Inc. raised its stake in Spark Energy Inc. (NASDAQ:SPKE) by 20.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

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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