Spark Energy Inc (NASDAQ:SPKE) Director Acquires $22,616.00 in Stock

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Spark Energy Inc (NASDAQ:SPKE) Director W Keith Maxwell III acquired 2,200 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were bought at an average cost of $10.28 per share, for a total transaction of $22,616.00. Following the completion of the acquisition, the director now owns 2,499,156 shares of the company’s stock, valued at $25,691,323.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, June 6th, W Keith Maxwell III acquired 14,130 shares of Spark Energy stock. The shares were bought at an average cost of $10.16 per share, for a total transaction of $143,560.80.
  • On Tuesday, June 4th, W Keith Maxwell III acquired 7,348 shares of Spark Energy stock. The shares were bought at an average cost of $9.93 per share, for a total transaction of $72,965.64.
  • On Thursday, May 30th, W Keith Maxwell III acquired 15,701 shares of Spark Energy stock. The shares were bought at an average cost of $9.99 per share, for a total transaction of $156,852.99.
  • On Tuesday, May 28th, W Keith Maxwell III acquired 10,700 shares of Spark Energy stock. The shares were bought at an average cost of $10.51 per share, for a total transaction of $112,457.00.
  • On Thursday, May 23rd, W Keith Maxwell III acquired 5,698 shares of Spark Energy stock. The shares were bought at an average cost of $10.59 per share, for a total transaction of $60,341.82.
  • On Tuesday, May 21st, W Keith Maxwell III acquired 9,512 shares of Spark Energy stock. The shares were bought at an average cost of $10.58 per share, for a total transaction of $100,636.96.
  • On Friday, May 17th, W Keith Maxwell III purchased 11,476 shares of Spark Energy stock. The stock was 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 purchased 22,366 shares of Spark Energy stock. The stock was acquired at an average cost of $9.83 per share, for a total transaction of $219,857.78.

Shares of NASDAQ:SPKE traded up $0.43 during midday trading on Wednesday, hitting $10.81. The company’s stock had a trading volume of 5,664 shares, compared to its average volume of 119,054. The company has a current ratio of 1.97, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The company has a market cap of $362.69 million, a P/E ratio of -15.48 and a beta of -0.52. Spark Energy Inc has a 12-month low of $7.20 and a 12-month high of $10.76.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.181 dividend. This represents a $0.72 annualized dividend and a dividend yield of 6.70%. The ex-dividend date is Thursday, May 30th. Spark Energy’s dividend payout ratio is currently -105.80%.

Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Spark Energy by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 1,022,946 shares of the utilities provider’s stock worth $8,440,000 after buying an additional 11,585 shares in the last quarter. Vanguard Group Inc raised its position in shares of Spark Energy by 0.8% in the third quarter. Vanguard Group Inc now owns 616,598 shares of the utilities provider’s stock worth $5,087,000 after buying an additional 4,886 shares in the last quarter. Rhumbline Advisers raised its position in shares of Spark Energy by 44.1% in the fourth quarter. Rhumbline Advisers now owns 15,169 shares of the utilities provider’s stock worth $113,000 after buying an additional 4,640 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Spark Energy by 8.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 52,728 shares of the utilities provider’s stock worth $392,000 after buying an additional 4,102 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Spark Energy by 42.0% in the fourth quarter. GSA Capital Partners LLP now owns 127,100 shares of the utilities provider’s stock worth $944,000 after buying an additional 37,600 shares in the last quarter. 30.77% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on SPKE shares. BidaskClub downgraded shares of Spark Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. ValuEngine raised shares of Spark Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 19th. B. Riley decreased their price target on shares of Spark Energy from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 5th. Finally, Zacks Investment Research downgraded shares of Spark Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.

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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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