Cambridge Investment Research Advisors Inc. acquired a new position in Spark Energy, Inc. (NASDAQ:SPKE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,609 shares of the utilities provider’s stock, valued at approximately $444,000. Cambridge Investment Research Advisors Inc. owned approximately 0.09% of Spark Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Wedbush Securities Inc. purchased a new position in shares of Spark Energy in the third quarter valued at $203,000. Victory Capital Management Inc. purchased a new position in shares of Spark Energy in the third quarter valued at $357,000. Peregrine Capital Management LLC increased its position in shares of Spark Energy by 54.3% in the third quarter. Peregrine Capital Management LLC now owns 347,795 shares of the utilities provider’s stock valued at $5,217,000 after buying an additional 122,423 shares in the last quarter. Heartland Advisors Inc. increased its position in shares of Spark Energy by 144.1% in the third quarter. Heartland Advisors Inc. now owns 244,100 shares of the utilities provider’s stock valued at $3,662,000 after buying an additional 144,100 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Spark Energy by 14.7% in the third quarter. Nationwide Fund Advisors now owns 75,729 shares of the utilities provider’s stock valued at $1,136,000 after buying an additional 9,700 shares in the last quarter. Hedge funds and other institutional investors own 35.79% of the company’s stock.

Shares of Spark Energy, Inc. (SPKE) opened at $12.20 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.58 and a current ratio of 1.63. The company has a market capitalization of $422.49, a price-to-earnings ratio of 15.06 and a beta of -1.62. Spark Energy, Inc. has a 52 week low of $11.30 and a 52 week high of $23.65.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Wednesday, November 29th will be paid a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date of this dividend is Tuesday, November 28th. Spark Energy’s payout ratio is currently 90.12%.

SPKE has been the subject of a number of research analyst reports. ValuEngine upgraded Spark Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded Spark Energy from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Wednesday, August 2nd. BidaskClub cut Spark Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. TheStreet cut Spark Energy from a “b” rating to a “c+” rating in a research report on Monday, October 23rd. Finally, Janney Montgomery Scott upgraded Spark Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $22.21.

In related news, VP Gil Melman sold 4,000 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $15.89, for a total transaction of $63,560.00. Following the sale, the vice president now owns 33,308 shares of the company’s stock, valued at $529,264.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director W Keith Maxwell III acquired 47,779 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were bought at an average cost of $15.26 per share, for a total transaction of $729,107.54. Following the purchase, the director now owns 743,959 shares of the company’s stock, valued at $11,352,814.34. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 160,719 shares of company stock worth $2,550,672. Corporate insiders own 66.89% of the company’s stock.

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Spark Energy Profile

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.

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Institutional Ownership by Quarter for Spark Energy (NASDAQ:SPKE)

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