Spark Energy Inc (NASDAQ:SPKE) Director W Keith Maxwell III purchased 11,476 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average cost of $15.23 per share, with a total value of $174,779.48. Following the completion of the acquisition, the director now owns 2,371,172 shares of the company’s stock, valued at $36,112,949.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
W Keith Maxwell III also recently made the following trade(s):
- On Wednesday, May 15th, W Keith Maxwell III bought 22,366 shares of Spark Energy stock. The stock was acquired at an average cost of $9.83 per share, with a total value of $219,857.78.
Spark Energy stock traded up $0.19 during midday trading on Tuesday, reaching $10.58. The company’s stock had a trading volume of 101,400 shares, compared to its average volume of 111,585. Spark Energy Inc has a fifty-two week low of $7.20 and a fifty-two week high of $10.76. 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 company has a market cap of $369.68 million, a P/E ratio of -15.33 and a beta of -0.52.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.181 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date is Thursday, May 30th. Spark Energy’s dividend payout ratio (DPR) is currently -105.80%.
A number of equities research analysts have commented on SPKE shares. BidaskClub downgraded Spark Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. ValuEngine raised Spark Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 19th. B. Riley reduced their target price on Spark Energy from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, March 5th. Finally, Zacks Investment Research downgraded Spark Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd.
Institutional investors have recently added to or reduced their stakes in the business. Peregrine Capital Management LLC lifted its holdings in Spark Energy by 49.8% in the fourth quarter. Peregrine Capital Management LLC now owns 398,023 shares of the utilities provider’s stock valued at $2,957,000 after acquiring an additional 132,336 shares during the period. Virtu Financial LLC acquired a new stake in Spark Energy in the fourth quarter valued at $84,000. Marshall Wace LLP acquired a new stake in Spark Energy in the third quarter valued at $188,000. D. E. Shaw & Co. Inc. acquired a new stake in Spark Energy in the fourth quarter valued at $145,000. Finally, Hancock Whitney Corp acquired a new stake in Spark Energy in the fourth quarter valued at $153,000. 32.51% of the stock is owned by institutional investors.
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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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