Trading Report: Today, Spark Energy Inc. (SPKE) Director Buys $273,564.00 in Stock

Today, Spark Energy Inc. (SPKE) Director Buys $273,564.00 in Stock

Spark Energy Inc. (NASDAQ:SPKE) Director W Keith Maxwell III acquired 10,800 shares of the stock in a transaction on Wednesday, November 23rd. The stock was bought at an average price of $25.33 per share, with a total value of $273,564.00. Following the completion of the acquisition, the director now directly owns 164,046 shares of the company’s stock, valued at $4,155,285.18. The purchase was disclosed in a filing with the SEC, which is available at this link.

W Keith Maxwell III also recently made the following trade(s): On Friday, November 18th, W Keith Maxwell III acquired 15,311 shares of Spark Energy stock. The stock was bought at an average price of $26.69 per share, with a total value of $408,650.59. On Tuesday, November 15th, W Keith Maxwell III acquired 2,900 shares of Spark Energy stock. The stock was bought at an average price of $26.99 per share, with a total value of $78,271.00. On Monday, November 14th, W Keith Maxwell III acquired 42,185 shares of Spark Energy stock. The stock was bought at an average price of $25.82 per share, with a total value of $1,089,216.70.

Shares of Spark Energy Inc. (NASDAQ:SPKE) traded up 2.35% during midday trading on Monday, hitting $26.15. 87,525 shares of the company traded hands. Spark Energy Inc. has a 52 week low of $17.05 and a 52 week high of $35.63. The stock’s market capitalization is $169.87 million. The company has a 50-day moving average price of $25.65 and a 200-day moving average price of $28.36.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Thursday, December 1st will be issued a dividend of $0.3625 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.45 annualized dividend and a yield of 5.68%.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Spark Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 12th. FBR & Co reiterated a “buy” rating and set a $33.00 target price (up from $32.00) on shares of Spark Energy in a report on Thursday, August 11th. TheStreet upgraded shares of Spark Energy from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Wunderlich lifted their target price on shares of Spark Energy from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, August 12th. Finally, Ladenburg Thalmann assumed coverage on shares of Spark Energy in a report on Friday, August 19th. They set a “neutral” rating and a $27.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Spark Energy currently has a consensus rating of “Hold” and an average target price of $30.50.

A number of institutional investors have recently modified their holdings of SPKE. PNC Financial Services Group Inc. increased its position in shares of Spark Energy by 8.1% in the second quarter. PNC Financial Services Group Inc. now owns 16,100 shares of the company’s stock valued at $532,000 after buying an additional 1,200 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Spark Energy by 7.7% in the second quarter. GSA Capital Partners LLP now owns 44,872 shares of the company’s stock worth $1,483,000 after buying an additional 3,200 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Spark Energy during the second quarter worth approximately $1,326,000. California State Teachers Retirement System increased its position in shares of Spark Energy by 56.4% in the second quarter. California State Teachers Retirement System now owns 10,252 shares of the company’s stock worth $339,000 after buying an additional 3,698 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Spark Energy by 14.2% in the second quarter. Bank of New York Mellon Corp now owns 26,285 shares of the company’s stock worth $868,000 after buying an additional 3,261 shares in the last quarter. Institutional investors own 36.35% of the company’s stock.

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