Spark Energy, Inc. (NASDAQ:SPKE) Director W Keith Maxwell III acquired 47,779 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were bought at an average cost of $15.26 per share, for a total transaction of $729,107.54. Following the purchase, the director now owns 743,959 shares of the company’s stock, valued at $11,352,814.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Tuesday, September 12th, W Keith Maxwell III acquired 21,900 shares of Spark Energy stock. The shares were bought at an average cost of $15.76 per share, for a total transaction of $345,144.00.
  • On Monday, September 11th, W Keith Maxwell III bought 30,440 shares of Spark Energy stock. The shares were acquired at an average price of $15.52 per share, for a total transaction of $472,428.80.
  • On Thursday, July 27th, W Keith Maxwell III sold 8,100 shares of Spark Energy stock. The stock was sold at an average price of $21.11, for a total value of $170,991.00.
  • On Wednesday, July 26th, W Keith Maxwell III sold 10,524 shares of Spark Energy stock. The stock was sold at an average price of $21.11, for a total value of $222,161.64.
  • On Friday, July 28th, W Keith Maxwell III sold 22,218 shares of Spark Energy stock. The stock was sold at an average price of $21.12, for a total value of $469,244.16.
  • On Wednesday, July 19th, W Keith Maxwell III sold 47,300 shares of Spark Energy stock. The stock was sold at an average price of $21.25, for a total value of $1,005,125.00.
  • On Tuesday, July 18th, W Keith Maxwell III sold 6,800 shares of Spark Energy stock. The stock was sold at an average price of $21.01, for a total value of $142,868.00.
  • On Thursday, July 20th, W Keith Maxwell III sold 56,400 shares of Spark Energy stock. The stock was sold at an average price of $21.23, for a total value of $1,197,372.00.
  • On Wednesday, July 5th, W Keith Maxwell III bought 250 shares of Spark Energy stock. The shares were acquired at an average price of $17.70 per share, for a total transaction of $4,425.00.

Spark Energy, Inc. (NASDAQ SPKE) opened at 16.50 on Friday. The company’s 50-day moving average price is $17.53 and its 200 day moving average price is $18.09. Spark Energy, Inc. has a 52-week low of $11.52 and a 52-week high of $23.65. The stock has a market capitalization of $216.89 million, a P/E ratio of 22.73 and a beta of -1.57.

Spark Energy (NASDAQ:SPKE) last issued its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.15). Spark Energy had a net margin of 1.68% and a return on equity of 9.13%. The business had revenue of $151.44 million for the quarter, compared to analysts’ expectations of $135.72 million. On average, equities research analysts anticipate that Spark Energy, Inc. will post $0.89 earnings per share for the current year.

Spark Energy declared that its Board of Directors has authorized a share repurchase plan on Wednesday, May 24th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the utilities provider to buy up to 19.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Tuesday, August 29th were issued a dividend of $0.1813 per share. The ex-dividend date was Friday, August 25th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.39%. Spark Energy’s dividend payout ratio is 107.35%.

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Several hedge funds have recently modified their holdings of the company. Susquehanna International Group LLP purchased a new position in shares of Spark Energy during the second quarter valued at $315,000. California State Teachers Retirement System grew its holdings in shares of Spark Energy by 107.1% during the second quarter. California State Teachers Retirement System now owns 20,404 shares of the utilities provider’s stock valued at $384,000 after buying an additional 10,552 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Spark Energy by 159.5% during the second quarter. The Manufacturers Life Insurance Company now owns 10,716 shares of the utilities provider’s stock valued at $201,000 after buying an additional 6,586 shares in the last quarter. State Street Corp grew its holdings in shares of Spark Energy by 126.3% during the second quarter. State Street Corp now owns 209,922 shares of the utilities provider’s stock valued at $3,951,000 after buying an additional 117,139 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Spark Energy by 47.8% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 73,522 shares of the utilities provider’s stock valued at $1,382,000 after buying an additional 23,761 shares in the last quarter. Institutional investors and hedge funds own 35.98% of the company’s stock.

Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Spark Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, May 24th. Janney Montgomery Scott downgraded Spark Energy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $22.95 to $24.00 in a research report on Thursday, June 22nd. FBR & Co increased their target price on Spark Energy from $18.50 to $23.50 and gave the stock an “outperform” rating in a research report on Thursday, June 1st. Wunderlich increased their target price on Spark Energy from $22.00 to $27.50 and gave the stock a “buy” rating in a research report on Monday, June 12th. Finally, ValuEngine downgraded Spark Energy from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.08.

About Spark Energy

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

Insider Buying and Selling by Quarter for Spark Energy (NASDAQ:SPKE)

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