Spark Energy Inc. (NASDAQ:SPKE)’s share price rose 5.4% on Friday . The company traded as high as $29.68 and last traded at $28.69, with a volume of 280,775 shares. The stock had previously closed at $27.22.

SPKE has been the subject of a number of analyst reports. Wunderlich upped their price target on Spark Energy from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 6th. FBR & Co reaffirmed a “buy” rating on shares of Spark Energy in a report on Monday, June 6th. Janney Montgomery Scott reduced their price target on Spark Energy from $28.00 to $27.00 and set a “buy” rating for the company in a report on Friday, March 25th. TheStreet raised Spark Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 23rd. Finally, Zacks Investment Research cut Spark Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $29.20.

The company has a 50 day moving average of $32.08 and a 200-day moving average of $26.06. The stock has a market capitalization of $164.95 million and a P/E ratio of 16.32.

Spark Energy (NASDAQ:SPKE) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.30. The company had revenue of $110 million for the quarter, compared to analyst estimates of $110.44 million. During the same quarter in the previous year, the business posted $0.80 earnings per share. Spark Energy’s revenue was up 10.1% on a year-over-year basis. Equities research analysts anticipate that Spark Energy Inc. will post $1.97 earnings per share for the current year.

In other news, Director W Keith Maxwell III sold 83,780 shares of Spark Energy stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $30.71, for a total transaction of $2,572,883.80. Following the completion of the sale, the director now directly owns 92,850 shares in the company, valued at approximately $2,851,423.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

A hedge fund recently raised its stake in Spark Energy stock. Advisors Asset Management Inc. increased its stake in Spark Energy Inc. (NASDAQ:SPKE) by 20.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,693 shares of the company’s stock after buying an additional 10,600 shares during the period. Advisors Asset Management Inc. owned about 2.06% of Spark Energy worth $1,320,000 as of its most recent filing with the SEC.

Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative choice for their natural gas and electricity. The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment.