Macquarie Group Ltd. lifted its position in Spark Energy (NASDAQ:SPKE) by 1,492.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 33,431 shares of the utilities provider’s stock after acquiring an additional 31,331 shares during the period. Macquarie Group Ltd.’s holdings in Spark Energy were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPKE. First Trust Advisors LP acquired a new position in shares of Spark Energy in the 4th quarter valued at $136,000. Allianz Asset Management GmbH acquired a new position in shares of Spark Energy in the 3rd quarter valued at $243,000. Stone Ridge Asset Management LLC acquired a new position in shares of Spark Energy in the 4th quarter valued at $243,000. Nisa Investment Advisors LLC increased its position in shares of Spark Energy by 42.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 20,020 shares of the utilities provider’s stock valued at $248,000 after acquiring an additional 6,000 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in shares of Spark Energy by 131.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,582 shares of the utilities provider’s stock valued at $339,000 after acquiring an additional 12,824 shares during the period. 33.33% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on SPKE shares. B. Riley set a $14.00 target price on Spark Energy and gave the company a “neutral” rating in a research report on Wednesday, March 7th. BidaskClub raised Spark Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 14th. Zacks Investment Research downgraded Spark Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, January 5th. Finally, ValuEngine downgraded Spark Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, April 3rd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Spark Energy presently has an average rating of “Hold” and a consensus target price of $21.79.
The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 2nd were given a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a yield of 6.28%. The ex-dividend date of this dividend was Thursday, March 1st. Spark Energy’s dividend payout ratio is currently -152.08%.
Spark Energy Company Profile
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 is involved in the retail distribution of electricity and natural gas to residential, commercial, and industrial customers.
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