Spark Energy, Inc. (NASDAQ:SPKE) Director W Keith Maxwell III sold 47,300 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $21.25, for a total value of $1,005,125.00. Following the sale, the director now directly owns 689,380 shares of the company’s stock, valued at approximately $14,649,325. The transaction 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 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 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 purchased 250 shares of Spark Energy stock. The stock was acquired at an average price of $17.70 per share, for a total transaction of $4,425.00.
- On Wednesday, May 31st, W Keith Maxwell III purchased 2,400 shares of Spark Energy stock. The stock was acquired at an average price of $43.80 per share, for a total transaction of $105,120.00.
- On Tuesday, May 30th, W Keith Maxwell III purchased 1,000 shares of Spark Energy stock. The stock was acquired at an average price of $43.63 per share, for a total transaction of $43,630.00.
- On Thursday, May 25th, W Keith Maxwell III purchased 3,807 shares of Spark Energy stock. The stock was acquired at an average price of $43.13 per share, for a total transaction of $164,195.91.
- On Monday, May 22nd, W Keith Maxwell III purchased 4,600 shares of Spark Energy stock. The stock was acquired at an average price of $39.75 per share, for a total transaction of $182,850.00.
Shares of Spark Energy, Inc. (SPKE) opened at 17.50 on Friday. Spark Energy, Inc. has a 12 month low of $11.52 and a 12 month high of $23.65. The stock’s 50 day moving average price is $20.11 and its 200-day moving average price is $17.53. The firm has a market capitalization of $230.04 million, a PE ratio of 24.10 and a beta of -1.62.
Spark Energy (NASDAQ:SPKE) last released its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.15. The business had revenue of $151.44 million for the quarter, compared to the consensus estimate of $135.72 million. Spark Energy had a net margin of 1.68% and a return on equity of 9.13%. On average, equities analysts anticipate that Spark Energy, Inc. will post $1.14 earnings per share for the current fiscal year.
Spark Energy declared that its Board of Directors has authorized a share repurchase program on Wednesday, May 24th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the utilities provider to buy up to 19.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Tuesday, August 29th will be paid a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Friday, August 25th. Spark Energy’s payout ratio is currently 107.35%.
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A number of institutional investors have recently made changes to their positions in SPKE. JPMorgan Chase & Co. increased its position in shares of Spark Energy by 85.0% in the second quarter. JPMorgan Chase & Co. now owns 1,226,430 shares of the utilities provider’s stock worth $23,057,000 after buying an additional 563,480 shares in the last quarter. American Century Companies Inc. increased its position in shares of Spark Energy by 108.7% in the second quarter. American Century Companies Inc. now owns 1,065,211 shares of the utilities provider’s stock worth $20,026,000 after buying an additional 554,707 shares in the last quarter. Crow Point Partners LLC increased its position in shares of Spark Energy by 68.1% in the second quarter. Crow Point Partners LLC now owns 1,022,954 shares of the utilities provider’s stock worth $20,203,000 after buying an additional 414,395 shares in the last quarter. LSV Asset Management increased its position in shares of Spark Energy by 90.6% in the second quarter. LSV Asset Management now owns 823,992 shares of the utilities provider’s stock worth $15,491,000 after buying an additional 391,646 shares in the last quarter. Finally, Spark Investment Management LLC increased its position in shares of Spark Energy by 95.3% in the second quarter. Spark Investment Management LLC now owns 507,400 shares of the utilities provider’s stock worth $9,539,000 after buying an additional 247,600 shares in the last quarter. 22.95% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on the company. Zacks Investment Research upgraded Spark Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. FBR & Co restated an “outperform” rating and set a $18.50 price objective (up previously from $16.50) on shares of Spark Energy in a research note on Tuesday, May 9th. BidaskClub cut Spark Energy from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Ladenburg Thalmann Financial Services upped their price objective on Spark Energy from $16.50 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, May 9th. Finally, TheStreet upgraded Spark Energy from a “c” rating to a “b-” rating in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Spark Energy presently has an average rating of “Hold” and an average target price 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.
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