W Keith Maxwell III Purchases 14,500 Shares of Spark Energy, Inc. (SPKE) Stock

Spark Energy, Inc. (NASDAQ:SPKE) Director W Keith Maxwell III acquired 14,500 shares of the stock in a transaction dated Wednesday, December 6th. The shares were acquired at an average cost of $13.42 per share, with a total value of $194,590.00. Following the completion of the transaction, the director now owns 901,897 shares in the company, valued at approximately $12,103,457.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Friday, December 1st, W Keith Maxwell III acquired 2,900 shares of Spark Energy stock. The shares were acquired at an average cost of $12.83 per share, with a total value of $37,207.00.
  • On Monday, December 4th, W Keith Maxwell III bought 9,800 shares of Spark Energy stock. The stock was purchased at an average cost of $13.31 per share, with a total value of $130,438.00.
  • On Wednesday, November 29th, W Keith Maxwell III bought 4,100 shares of Spark Energy stock. The stock was purchased at an average cost of $12.61 per share, with a total value of $51,701.00.
  • On Friday, September 15th, W Keith Maxwell III bought 47,200 shares of Spark Energy stock. The stock was purchased at an average cost of $16.72 per share, with a total value of $789,184.00.
  • On Thursday, September 14th, W Keith Maxwell III bought 11,400 shares of Spark Energy stock. The stock was purchased at an average cost of $16.37 per share, with a total value of $186,618.00.
  • On Tuesday, September 12th, W Keith Maxwell III bought 21,900 shares of Spark Energy stock. The stock was purchased at an average cost of $15.76 per share, with a total value of $345,144.00.
  • On Monday, September 11th, W Keith Maxwell III acquired 30,440 shares of Spark Energy stock. The shares were bought at an average cost of $15.52 per share, with a total value of $472,428.80.

Shares of Spark Energy, Inc. (NASDAQ SPKE) traded up $0.05 during trading on Friday, hitting $13.60. The company’s stock had a trading volume of 143,531 shares, compared to its average volume of 167,665. The company has a current ratio of 1.63, a quick ratio of 1.58 and a debt-to-equity ratio of 0.69. The stock has a market cap of $470.97, a price-to-earnings ratio of 16.79 and a beta of -1.68. Spark Energy, Inc. has a one year low of $11.30 and a one year high of $23.65.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Wednesday, November 29th will be given a $0.1813 dividend. This represents a $0.73 annualized dividend and a dividend yield of 5.33%. The ex-dividend date is Tuesday, November 28th. Spark Energy’s dividend payout ratio (DPR) is currently 90.12%.

SPKE has been the subject of several analyst reports. Janney Montgomery Scott raised Spark Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 1st. TheStreet cut Spark Energy from a “b” rating to a “c+” rating in a research report on Monday, October 23rd. ValuEngine cut Spark Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded Spark Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, B. Riley cut Spark Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $23.50 to $17.00 in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $22.21.

Institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. raised its position in Spark Energy by 37.1% in the second quarter. Alliancebernstein L.P. now owns 13,300 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 3,600 shares during the period. Bank of Montreal Can raised its position in Spark Energy by 63.0% in the second quarter. Bank of Montreal Can now owns 10,528 shares of the utilities provider’s stock valued at $198,000 after purchasing an additional 4,070 shares during the period. TIAA CREF Investment Management LLC raised its position in Spark Energy by 31.3% in the first quarter. TIAA CREF Investment Management LLC now owns 20,969 shares of the utilities provider’s stock valued at $670,000 after purchasing an additional 5,002 shares during the period. Schwab Charles Investment Management Inc. raised its position in Spark Energy by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 182,478 shares of the utilities provider’s stock valued at $3,431,000 after purchasing an additional 6,408 shares during the period. Finally, Hancock Holding Co. grew its stake in shares of Spark Energy by 100.0% during the second quarter. Hancock Holding Co. now owns 13,130 shares of the utilities provider’s stock valued at $247,000 after acquiring an additional 6,565 shares in the last quarter. 35.27% of the stock is currently owned by institutional investors and hedge funds.

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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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