Dupont Capital Management Corp bought a new position in shares of Spark Energy Inc (NASDAQ:SPKE) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,767 shares of the utilities provider’s stock, valued at approximately $123,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPKE. Virtu Financial LLC bought a new stake in Spark Energy during the fourth quarter worth about $84,000. Rhumbline Advisers raised its holdings in Spark Energy by 44.1% during the fourth quarter. Rhumbline Advisers now owns 15,169 shares of the utilities provider’s stock worth $113,000 after acquiring an additional 4,640 shares in the last quarter. Bank of America Corp DE raised its holdings in Spark Energy by 13.5% during the fourth quarter. Bank of America Corp DE now owns 15,446 shares of the utilities provider’s stock worth $114,000 after acquiring an additional 1,840 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in Spark Energy during the fourth quarter worth about $145,000. Finally, Hancock Whitney Corp bought a new stake in Spark Energy during the fourth quarter worth about $153,000. Institutional investors and hedge funds own 32.51% of the company’s stock.
SPKE opened at $9.76 on Thursday. Spark Energy Inc has a 52-week low of $7.20 and a 52-week high of $10.65. The stock has a market cap of $342.76 million, a P/E ratio of -14.14 and a beta of -0.52. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.97.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.181 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.72 annualized dividend and a yield of 7.42%. Spark Energy’s dividend payout ratio is -105.80%.
Several analysts recently issued reports on SPKE shares. BidaskClub lowered Spark Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. ValuEngine upgraded Spark Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 19th. B. Riley dropped their target price on Spark Energy from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, March 5th. Finally, Zacks Investment Research lowered Spark Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd.
In other Spark Energy news, CEO Nathan Kroeker sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $9.90, for a total value of $49,500.00. Following the sale, the chief executive officer now owns 95,449 shares in the company, valued at $944,945.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 66.98% of the stock is owned by corporate insiders.
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Spark Energy 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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