Spark Energy, Inc. (SPKE) Director W Keith Maxwell III Purchases 7,200 Shares

Spark Energy, Inc. (NASDAQ:SPKE) Director W Keith Maxwell III purchased 7,200 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was purchased at an average cost of $11.88 per share, for a total transaction of $85,536.00. Following the acquisition, the director now owns 952,122 shares of the company’s stock, valued at approximately $11,311,209.36. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, December 13th, W Keith Maxwell III purchased 22,850 shares of Spark Energy stock. The stock was purchased at an average cost of $13.34 per share, for a total transaction of $304,819.00.
  • On Friday, December 8th, W Keith Maxwell III purchased 2,300 shares of Spark Energy stock. The stock was purchased at an average cost of $13.55 per share, for a total transaction of $31,165.00.
  • On Wednesday, December 6th, W Keith Maxwell III bought 14,500 shares of Spark Energy stock. The stock was purchased at an average cost of $13.42 per share, for a total transaction of $194,590.00.
  • On Friday, December 1st, W Keith Maxwell III bought 2,900 shares of Spark Energy stock. The stock was purchased at an average cost of $12.83 per share, for a total transaction of $37,207.00.
  • On Monday, December 4th, W Keith Maxwell III bought 9,800 shares of Spark Energy stock. The stock was 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 stock was purchased at an average cost of $12.61 per share, for a total transaction of $51,701.00.

Shares of Spark Energy, Inc. (NASDAQ:SPKE) traded down $0.55 on Friday, reaching $11.15. 347,267 shares of the company’s stock traded hands, compared to its average volume of 225,629. The company has a quick ratio of 1.58, a current ratio of 1.63 and a debt-to-equity ratio of 0.69. Spark Energy, Inc. has a twelve month low of $11.05 and a twelve month high of $23.65. The stock has a market capitalization of $422.49, a price-to-earnings ratio of 13.77 and a beta of -1.68.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Wednesday, November 29th were issued a $0.1813 dividend. The ex-dividend date was Tuesday, November 28th. This represents a $0.73 annualized dividend and a yield of 6.50%. Spark Energy’s dividend payout ratio (DPR) is presently 90.12%.

A number of research analysts recently commented on SPKE shares. Janney Montgomery Scott raised Spark Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 1st. TheStreet cut Spark Energy from a “b” rating to a “c+” rating in a research note on Monday, October 23rd. ValuEngine cut Spark Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research raised Spark Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, B. Riley cut Spark Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $23.50 to $17.00 in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $22.21.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Alliancebernstein L.P. increased its stake in shares of Spark Energy by 37.1% during the second quarter. Alliancebernstein L.P. now owns 13,300 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 3,600 shares in the last quarter. Bank of Montreal Can increased its position in shares of Spark Energy by 63.0% during the second quarter. Bank of Montreal Can now owns 10,528 shares of the utilities provider’s stock valued at $198,000 after acquiring an additional 4,070 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Spark Energy by 31.3% during the first quarter. TIAA CREF Investment Management LLC now owns 20,969 shares of the utilities provider’s stock valued at $670,000 after acquiring an additional 5,002 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Spark Energy by 3.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 182,478 shares of the utilities provider’s stock valued at $3,431,000 after acquiring an additional 6,408 shares in the last quarter. Finally, Hancock Holding Co. increased its position in shares of Spark Energy by 100.0% during the second quarter. Hancock Holding Co. now owns 13,130 shares of the utilities provider’s stock valued at $247,000 after acquiring an additional 6,565 shares in the last quarter. 35.28% of the stock is owned by institutional investors and hedge funds.

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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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