Spark Energy, Inc. (NASDAQ:SPKE) Director W Keith Maxwell III bought 2,900 shares of the stock in a transaction dated Friday, December 1st. The shares were purchased at an average cost of $12.83 per share, for a total transaction of $37,207.00. Following the completion of the purchase, the director now owns 867,713 shares in the company, valued at $11,132,757.79. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Monday, December 4th, W Keith Maxwell III bought 9,800 shares of Spark Energy stock. The shares were purchased at an average cost of $13.31 per share, for a total transaction of $130,438.00.
  • On Wednesday, November 29th, W Keith Maxwell III bought 4,100 shares of Spark Energy stock. The shares were purchased at an average cost of $12.61 per share, for a total transaction of $51,701.00.
  • On Friday, September 15th, W Keith Maxwell III bought 47,200 shares of Spark Energy stock. The shares were purchased at an average cost of $16.72 per share, for a total transaction of $789,184.00.
  • On Thursday, September 14th, W Keith Maxwell III bought 11,400 shares of Spark Energy stock. The shares were purchased at an average cost of $16.37 per share, for a total transaction of $186,618.00.
  • On Tuesday, September 12th, W Keith Maxwell III bought 21,900 shares of Spark Energy stock. The shares were purchased at an average cost of $15.76 per share, for a total transaction of $345,144.00.
  • On Monday, September 11th, W Keith Maxwell III bought 30,440 shares of Spark Energy stock. The shares were purchased at an average cost of $15.52 per share, for a total transaction of $472,428.80.
  • On Friday, September 8th, W Keith Maxwell III bought 47,779 shares of Spark Energy stock. The shares were purchased at an average cost of $15.26 per share, for a total transaction of $729,107.54.

Shares of Spark Energy, Inc. (SPKE) traded down $0.45 during trading on Wednesday, reaching $13.10. 263,900 shares of the company were exchanged, compared to its average volume of 225,591. The stock has a market cap of $469.24, a price-to-earnings ratio of 16.73 and a beta of -1.68. Spark Energy, Inc. has a 1 year low of $11.30 and a 1 year high of $23.65. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.63 and a quick ratio of 1.58.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Wednesday, November 29th will be paid a $0.1813 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date is Tuesday, November 28th. Spark Energy’s dividend payout ratio is presently 90.12%.

A number of institutional investors have recently modified their holdings of SPKE. Cornerstone Capital Management Holdings LLC. lifted its stake in Spark Energy by 47.8% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 73,522 shares of the utilities provider’s stock worth $1,382,000 after purchasing an additional 23,761 shares in the last quarter. Swiss National Bank purchased a new position in Spark Energy in the 2nd quarter worth approximately $365,000. Russell Investments Group Ltd. lifted its stake in Spark Energy by 892.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 14,561 shares of the utilities provider’s stock worth $274,000 after purchasing an additional 13,094 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Spark Energy by 129.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 30,891 shares of the utilities provider’s stock worth $581,000 after purchasing an additional 17,435 shares in the last quarter. Finally, Bard Associates Inc. lifted its stake in Spark Energy by 98.8% in the 2nd quarter. Bard Associates Inc. now owns 182,330 shares of the utilities provider’s stock worth $3,428,000 after purchasing an additional 90,615 shares in the last quarter. 35.27% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on SPKE. Zacks Investment Research lowered shares of Spark Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. TheStreet lowered shares of Spark Energy from a “b” rating to a “c+” rating in a research note on Monday, October 23rd. Janney Montgomery Scott raised shares of Spark Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 1st. B. Riley lowered shares of Spark Energy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $23.50 to $17.00 in a research note on Tuesday, November 7th. Finally, ValuEngine lowered shares of Spark Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Spark Energy presently has a consensus rating of “Hold” and an average price target of $22.21.

COPYRIGHT VIOLATION NOTICE: “Spark Energy, Inc. (SPKE) Director Purchases $37,207.00 in Stock” was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/06/spark-energy-inc-spke-director-purchases-37207-00-in-stock.html.

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)

Receive News & Ratings for Spark Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spark Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.