Spark Energy, Inc. (SPKE) Director Buys $345,144.00 in Stock

Spark Energy, Inc. (NASDAQ:SPKE) Director W Keith Maxwell III acquired 21,900 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was bought at an average price of $15.76 per share, for a total transaction of $345,144.00. Following the completion of the transaction, the director now owns 796,299 shares of the company’s stock, valued at approximately $12,549,672.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, September 11th, W Keith Maxwell III acquired 30,440 shares of Spark Energy stock. The stock was bought at an average price of $15.52 per share, for a total transaction of $472,428.80.
  • On Friday, September 8th, W Keith Maxwell III acquired 47,779 shares of Spark Energy stock. The stock was bought at an average price of $15.26 per share, for a total transaction of $729,107.54.
  • On Thursday, July 27th, W Keith Maxwell III sold 8,100 shares of Spark Energy stock. The stock was sold at an average price of $21.11, for a total transaction of $170,991.00.
  • On Wednesday, July 26th, W Keith Maxwell III sold 10,524 shares of Spark Energy stock. The stock was sold at an average price of $21.11, for a total transaction of $222,161.64.
  • On Friday, July 28th, W Keith Maxwell III sold 22,218 shares of Spark Energy stock. The stock was sold at an average price of $21.12, for a total transaction of $469,244.16.
  • 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 Tuesday, July 18th, W Keith Maxwell III sold 6,800 shares of Spark Energy stock. The stock was 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 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 bought 250 shares of Spark Energy stock. The stock was purchased at an average cost of $17.70 per share, with a total value of $4,425.00.

Shares of Spark Energy, Inc. (NASDAQ SPKE) opened at 16.50 on Friday. The firm has a 50-day moving average price of $17.40 and a 200 day moving average price of $18.11. Spark Energy, Inc. has a 52 week low of $11.52 and a 52 week high of $23.65. The stock has a market cap of $216.89 million, a price-to-earnings ratio of 22.73 and a beta of -1.57.

Spark Energy (NASDAQ:SPKE) last released its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.15). Spark Energy had a return on equity of 9.13% and a net margin of 1.68%. The firm had revenue of $151.44 million during the quarter, compared to the consensus estimate of $135.72 million. On average, analysts forecast that Spark Energy, Inc. will post $0.89 EPS for the current fiscal year.

Spark Energy announced that its board has initiated a share buyback program on Wednesday, May 24th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the utilities provider to buy up to 19.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Tuesday, August 29th were paid a $0.1813 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date was Friday, August 25th. Spark Energy’s payout ratio is 107.35%.

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A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in Spark Energy by 85.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,226,430 shares of the utilities provider’s stock worth $23,057,000 after acquiring an additional 563,480 shares during the last quarter. Vanguard Group Inc. increased its stake in Spark Energy by 118.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,220,209 shares of the utilities provider’s stock worth $22,941,000 after acquiring an additional 661,547 shares during the last quarter. American Century Companies Inc. increased its stake in Spark Energy by 108.7% in the 2nd quarter. American Century Companies Inc. now owns 1,065,211 shares of the utilities provider’s stock worth $20,026,000 after acquiring an additional 554,707 shares during the last quarter. Crow Point Partners LLC increased its stake in Spark Energy by 68.1% in the 2nd quarter. Crow Point Partners LLC now owns 1,022,954 shares of the utilities provider’s stock worth $20,203,000 after acquiring an additional 414,395 shares during the last quarter. Finally, LSV Asset Management increased its stake in Spark Energy by 90.6% in the 2nd quarter. LSV Asset Management now owns 823,992 shares of the utilities provider’s stock worth $15,491,000 after acquiring an additional 391,646 shares during the last quarter. 35.98% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on SPKE shares. Zacks Investment Research raised Spark Energy from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Wednesday, August 2nd. Wunderlich upped their target price on Spark Energy from $22.00 to $27.50 and gave the stock a “buy” rating in a research note on Monday, June 12th. ValuEngine lowered Spark Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Janney Montgomery Scott set a $22.00 target price on Spark Energy and gave the stock a “buy” rating in a research note on Tuesday, May 23rd. Finally, BidaskClub lowered Spark Energy from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Spark Energy has a consensus rating of “Hold” and an average price target of $23.08.

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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