Spark Energy, Inc. (NASDAQ:SPKE) Director W Keith Maxwell III purchased 21,900 shares of Spark Energy stock in a transaction dated Tuesday, September 12th. The shares were bought at an average price of $15.76 per share, with a total value of $345,144.00. Following the completion of the acquisition, the director now directly owns 796,299 shares of the company’s stock, valued at $12,549,672.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, September 11th, W Keith Maxwell III purchased 30,440 shares of Spark Energy stock. The shares were bought at an average price of $15.52 per share, with a total value of $472,428.80.
  • On Friday, September 8th, W Keith Maxwell III purchased 47,779 shares of Spark Energy stock. The shares were bought at an average price of $15.26 per share, with a total value of $729,107.54.
  • On Thursday, July 27th, W Keith Maxwell III sold 8,100 shares of Spark Energy stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 bought at an average price of $17.70 per share, with a total value of $4,425.00.

Spark Energy, Inc. (NASDAQ SPKE) traded up 0.94% during midday trading on Thursday, hitting $16.15. The company’s stock had a trading volume of 12,102 shares. The company has a market cap of $212.29 million, a price-to-earnings ratio of 22.25 and a beta of -1.57. The company’s 50-day moving average is $17.80 and its 200 day moving average is $18.11. Spark Energy, Inc. has a one year low of $11.52 and a one year high of $23.65.

Spark Energy (NASDAQ:SPKE) last released its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.01 EPS 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 during the quarter, compared to analysts’ expectations of $135.72 million. On average, analysts predict that Spark Energy, Inc. will post $0.89 EPS for the current year.

Spark Energy announced that its board has approved a share repurchase plan on Wednesday, May 24th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the utilities provider to purchase up to 19.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Tuesday, August 29th will be paid a $0.1813 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Friday, August 25th. Spark Energy’s dividend payout ratio (DPR) is presently 107.35%.

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

A number of institutional investors have recently added to or reduced their stakes in SPKE. JPMorgan Chase & Co. increased its holdings 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 valued at $23,057,000 after purchasing an additional 563,480 shares during the period. Vanguard Group Inc. increased its holdings in shares of Spark Energy by 118.4% in the second quarter. Vanguard Group Inc. now owns 1,220,209 shares of the utilities provider’s stock valued at $22,941,000 after purchasing an additional 661,547 shares during the period. American Century Companies Inc. increased its holdings 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 valued at $20,026,000 after purchasing an additional 554,707 shares during the period. Crow Point Partners LLC increased its holdings 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 valued at $20,203,000 after purchasing an additional 414,395 shares during the period. Finally, LSV Asset Management increased its holdings 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 valued at $15,491,000 after purchasing an additional 391,646 shares during the period. Institutional investors own 35.98% of the company’s stock.

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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