Trade Report: Today, DUPONT CAPITAL MANAGEMENT Corp Takes Position in Spark Energy Inc. (SPKE)

Today, DUPONT CAPITAL MANAGEMENT Corp Takes Position in Spark Energy Inc. (SPKE)

DUPONT CAPITAL MANAGEMENT Corp purchased a new position in Spark Energy Inc. (NASDAQ:SPKE) during the third quarter, Holdings Channel reports. The firm purchased 12,790 shares of the company’s stock, valued at approximately $373,000. DUPONT CAPITAL MANAGEMENT Corp owned approximately 0.20% of Spark Energy as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SPKE. Wells Fargo & Company MN raised its stake in shares of Spark Energy by 3.2% in the third quarter. Wells Fargo & Company MN now owns 200,473 shares of the company’s stock worth $5,840,000 after buying an additional 6,207 shares in the last quarter. James Investment Research Inc. raised its stake in shares of Spark Energy by 16.3% in the third quarter. James Investment Research Inc. now owns 80,317 shares of the company’s stock worth $2,340,000 after buying an additional 11,250 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Spark Energy by 74.2% in the third quarter. Great West Life Assurance Co. Can now owns 194,321 shares of the company’s stock worth $5,671,000 after buying an additional 82,755 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Spark Energy by 85.7% in the third quarter. Acadian Asset Management LLC now owns 50,145 shares of the company’s stock worth $1,460,000 after buying an additional 23,148 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Spark Energy by 86.8% in the third quarter. Bank of Montreal Can now owns 9,853 shares of the company’s stock worth $287,000 after buying an additional 4,579 shares in the last quarter. 33.24% of the stock is currently owned by hedge funds and other institutional investors.

Spark Energy Inc. (NASDAQ:SPKE) opened at 25.55 on Friday. Spark Energy Inc. has a 1-year low of $17.05 and a 1-year high of $35.63. The firm’s 50-day moving average price is $25.65 and its 200-day moving average price is $28.36. The firm’s market cap is $165.97 million.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.3625 per share. The ex-dividend date is Tuesday, November 29th. This represents a $1.45 dividend on an annualized basis and a yield of 5.68%.

A number of brokerages have recently issued reports on SPKE. TheStreet raised Spark Energy from a “hold” rating to a “buy” rating in a research note on Friday, October 28th. Zacks Investment Research lowered Spark Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 12th. Ladenburg Thalmann began coverage on Spark Energy in a research note on Friday, August 19th. They issued a “neutral” rating and a $27.00 price target on the stock. Wunderlich lifted their price target on Spark Energy from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Finally, FBR & Co reissued a “buy” rating and set a $33.00 price objective (up previously from $32.00) on shares of Spark Energy in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $30.50.

In other Spark Energy news, Director W Keith Maxwell III bought 42,185 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was acquired at an average cost of $25.82 per share, with a total value of $1,089,216.70. Following the purchase, the director now owns 135,035 shares in the company, valued at approximately $3,486,603.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 57.88% of the company’s stock.

About Spark Energy

Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative for their natural gas and electricity. The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment. It operates in approximately 50 utility service territories across over 20 states and has approximately 328,000 residential customers and over 19,000 commercial customers, which translates to approximately 415,000 renewable energy credits (RCEs).

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