Spark Energy, Inc. (NASDAQ:SPKE) Director W Keith Maxwell III sold 6,800 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $21.01, for a total value of $142,868.00. Following the transaction, the director now directly owns 689,380 shares of the company’s stock, valued at approximately $14,483,873.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • 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 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 shares were acquired at an average cost of $17.70 per share, with a total value of $4,425.00.
  • On Wednesday, May 31st, W Keith Maxwell III purchased 2,400 shares of Spark Energy stock. The shares were acquired at an average cost of $43.80 per share, with a total value of $105,120.00.
  • On Tuesday, May 30th, W Keith Maxwell III purchased 1,000 shares of Spark Energy stock. The shares were acquired at an average cost of $43.63 per share, with a total value of $43,630.00.
  • On Thursday, May 25th, W Keith Maxwell III purchased 3,807 shares of Spark Energy stock. The shares were acquired at an average cost of $43.13 per share, with a total value of $164,195.91.
  • On Monday, May 22nd, W Keith Maxwell III purchased 4,600 shares of Spark Energy stock. The shares were acquired at an average cost of $39.75 per share, with a total value of $182,850.00.
  • On Friday, May 19th, W Keith Maxwell III purchased 7,195 shares of Spark Energy stock. The shares were acquired at an average cost of $38.20 per share, with a total value of $274,849.00.
  • On Thursday, May 18th, W Keith Maxwell III purchased 5,615 shares of Spark Energy stock. The shares were acquired at an average cost of $37.69 per share, with a total value of $211,629.35.
  • On Wednesday, May 17th, W Keith Maxwell III purchased 12,638 shares of Spark Energy stock. The shares were acquired at an average cost of $36.62 per share, with a total value of $462,803.56.

Shares of Spark Energy, Inc. (NASDAQ:SPKE) traded down 0.49% during trading on Friday, reaching $20.45. The company’s stock had a trading volume of 168,086 shares. The stock has a market cap of $265.83 million, a P/E ratio of 41.23 and a beta of -1.65. The stock’s 50-day moving average is $21.07 and its 200-day moving average is $17.00. Spark Energy, Inc. has a 12-month low of $11.28 and a 12-month high of $23.65.

Spark Energy (NASDAQ:SPKE) last released its quarterly earnings results on Monday, May 8th. The utilities provider reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.21. Spark Energy had a net margin of 2.10% and a return on equity of 11.82%. The firm had revenue of $194.35 million for the quarter, compared to analysts’ expectations of $140.07 million. Equities research analysts anticipate that Spark Energy, Inc. will post $1.41 earnings per share for the current fiscal year.

Spark Energy announced that its board has authorized a share buyback plan on Wednesday, May 24th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the utilities provider to reacquire up to 19.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Tuesday, August 29th will be given a dividend of $0.1813 per share. The ex-dividend date of this dividend is Friday, August 25th. This represents a $0.73 dividend on an annualized basis and a yield of 3.55%. Spark Energy’s payout ratio is 89.02%.

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Large investors have recently added to or reduced their stakes in the stock. Peregrine Capital Management LLC purchased a new stake in Spark Energy during the second quarter worth $4,237,000. Highland Capital Management LLC purchased a new stake in Spark Energy during the second quarter worth $194,000. Nisa Investment Advisors LLC increased its stake in Spark Energy by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 14,020 shares of the utilities provider’s stock worth $300,000 after buying an additional 7,010 shares during the last quarter. Crow Point Partners LLC increased its stake in 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 during the last quarter. Finally, Bank of Montreal Can increased its stake in Spark Energy by 63.0% in the second quarter. Bank of Montreal Can now owns 10,528 shares of the utilities provider’s stock worth $198,000 after buying an additional 4,070 shares during the last quarter. Institutional investors and hedge funds own 19.56% of the company’s stock.

A number of research firms have recently commented on SPKE. Zacks Investment Research raised Spark Energy from a “sell” rating to a “hold” rating in a report on Wednesday, May 24th. TheStreet raised Spark Energy from a “c” rating to a “b-” rating in a report on Monday, May 8th. Guggenheim cut Spark Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, March 29th. FBR & Co reissued a “buy” rating on shares of Spark Energy in a report on Tuesday, April 4th. Finally, Janney Montgomery Scott cut Spark Energy from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $22.95 to $24.00 in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Spark Energy has a consensus rating of “Hold” and a consensus target price of $22.00.

Spark Energy Company Profile

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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