Spark Energy Inc (NASDAQ:SPKE) Director Acquires $143,560.80 in Stock

Spark Energy Inc (NASDAQ:SPKE) Director W Keith Maxwell III bought 14,130 shares of the stock in a transaction dated Thursday, June 6th. The stock was purchased at an average price of $10.16 per share, with a total value of $143,560.80. Following the purchase, the director now owns 2,498,156 shares in the company, valued at $25,381,264.96. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Friday, June 21st, W Keith Maxwell III bought 3,000 shares of Spark Energy stock. The stock was purchased at an average price of $11.23 per share, with a total value of $33,690.00.
  • On Tuesday, June 25th, W Keith Maxwell III bought 15,700 shares of Spark Energy stock. The stock was purchased at an average price of $10.86 per share, with a total value of $170,502.00.
  • On Wednesday, June 19th, W Keith Maxwell III bought 2,850 shares of Spark Energy stock. The stock was purchased at an average price of $11.13 per share, with a total value of $31,720.50.
  • On Wednesday, June 12th, W Keith Maxwell III acquired 6,950 shares of Spark Energy stock. The shares were bought at an average price of $11.00 per share, with a total value of $76,450.00.
  • On Monday, June 10th, W Keith Maxwell III acquired 2,200 shares of Spark Energy stock. The shares were bought at an average price of $10.28 per share, with a total value of $22,616.00.
  • On Tuesday, June 4th, W Keith Maxwell III acquired 7,348 shares of Spark Energy stock. The shares were bought at an average price of $9.93 per share, with a total value of $72,965.64.
  • On Thursday, May 30th, W Keith Maxwell III acquired 15,701 shares of Spark Energy stock. The shares were bought at an average price of $9.99 per share, with a total value of $156,852.99.
  • On Tuesday, May 28th, W Keith Maxwell III acquired 10,700 shares of Spark Energy stock. The shares were bought at an average price of $10.51 per share, with a total value of $112,457.00.
  • On Thursday, May 23rd, W Keith Maxwell III acquired 5,698 shares of Spark Energy stock. The shares were bought at an average price of $10.59 per share, with a total value of $60,341.82.
  • On Tuesday, May 21st, W Keith Maxwell III acquired 9,512 shares of Spark Energy stock. The shares were bought at an average price of $10.58 per share, with a total value of $100,636.96.

NASDAQ SPKE traded up $0.04 on Monday, hitting $11.23. 104,100 shares of the company traded hands, compared to its average volume of 123,310. The firm has a market cap of $390.99 million, a P/E ratio of -16.28 and a beta of -0.39. The company has a quick ratio of 1.96, a current ratio of 1.97 and a debt-to-equity ratio of 1.29. The business has a 50 day simple moving average of $10.57. Spark Energy Inc has a 52-week low of $7.20 and a 52-week high of $11.71.

Spark Energy (NASDAQ:SPKE) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported ($0.09) EPS for the quarter. Spark Energy had a net margin of 1.24% and a return on equity of 11.69%. The business had revenue of $242.71 million during the quarter, compared to analysts’ expectations of $253.80 million. As a group, analysts anticipate that Spark Energy Inc will post -0.05 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.181 dividend. The ex-dividend date was Thursday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 6.45%. Spark Energy’s payout ratio is -105.80%.

A number of analysts have commented on the company. Zacks Investment Research raised Spark Energy from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Tuesday, April 16th. ValuEngine upgraded Spark Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Finally, BidaskClub downgraded Spark Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th.

Large investors have recently bought and sold shares of the stock. Rhumbline Advisers lifted its position in shares of Spark Energy by 44.1% in the fourth quarter. Rhumbline Advisers now owns 15,169 shares of the utilities provider’s stock worth $113,000 after buying an additional 4,640 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Spark Energy by 13.5% in the fourth quarter. Bank of America Corp DE now owns 15,446 shares of the utilities provider’s stock worth $114,000 after buying an additional 1,840 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Spark Energy in the first quarter worth about $123,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Spark Energy in the fourth quarter worth about $145,000. Finally, Hancock Whitney Corp purchased a new stake in shares of Spark Energy in the fourth quarter worth about $153,000. Institutional investors own 30.76% of the company’s stock.

About Spark Energy

Spark Energy, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The company engages in the retail distribution of electricity and natural gas to residential and commercial customers.

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