Spark Energy Inc (NASDAQ:SPKE) Director W Keith Maxwell III bought 9,512 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average cost of $10.58 per share, for a total transaction of $100,636.96. Following the purchase, the director now directly owns 2,380,684 shares in the company, valued at approximately $25,187,636.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Friday, May 17th, W Keith Maxwell III bought 11,476 shares of Spark Energy stock. The shares were acquired at an average cost of $15.23 per share, for a total transaction of $174,779.48.
  • On Wednesday, May 15th, W Keith Maxwell III bought 22,366 shares of Spark Energy stock. The shares were acquired at an average cost of $9.83 per share, for a total transaction of $219,857.78.

SPKE traded up $0.04 on Thursday, hitting $10.56. 4,770 shares of the company’s stock traded hands, compared to its average volume of 92,618. The company has a market capitalization of $367.57 million, a PE ratio of -15.32 and a beta of -0.52. Spark Energy Inc has a one year low of $7.20 and a one year high of $10.76. The company has a current ratio of 1.97, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29.

Spark Energy (NASDAQ:SPKE) last issued its earnings results on Monday, March 4th. The utilities provider reported ($0.29) earnings per share (EPS) for the quarter. The business had revenue of $228.51 million for the quarter. Spark Energy had a net margin of 1.24% and a return on equity of 11.69%. Equities research analysts predict that Spark Energy Inc will post -0.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.181 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date is Thursday, May 30th. Spark Energy’s dividend payout ratio (DPR) is -105.80%.

Several analysts recently issued reports on SPKE shares. Zacks Investment Research raised Spark Energy from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Thursday, April 25th. BidaskClub raised Spark Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, February 8th. Finally, ValuEngine downgraded Spark Energy from a “sell” rating to a “strong sell” rating in a research note on Monday, March 11th.

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Spark Energy by 7.0% in the 1st quarter. JPMorgan Chase & Co. now owns 1,266,185 shares of the utilities provider’s stock worth $11,282,000 after purchasing an additional 82,771 shares during the period. Vanguard Group Inc boosted its holdings in shares of Spark Energy by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 616,598 shares of the utilities provider’s stock worth $5,087,000 after purchasing an additional 4,886 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Spark Energy by 1.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 492,264 shares of the utilities provider’s stock worth $4,387,000 after purchasing an additional 9,269 shares during the period. Spark Investment Management LLC boosted its holdings in shares of Spark Energy by 5.5% in the 1st quarter. Spark Investment Management LLC now owns 242,654 shares of the utilities provider’s stock worth $2,162,000 after purchasing an additional 12,654 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Spark Energy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 146,147 shares of the utilities provider’s stock worth $1,085,000 after purchasing an additional 3,459 shares during the period. Hedge funds and other institutional investors own 32.66% of the company’s stock.

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About Spark Energy

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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