Citadel Advisors LLC acquired a new position in Spark Energy Inc (NASDAQ:SPKE) during the second quarter, according to its most recent filing with the SEC. The firm acquired 12,103 shares of the utilities provider’s stock, valued at approximately $118,000.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its position in shares of Spark Energy by 2.9% in the 2nd quarter. BlackRock Inc. now owns 967,722 shares of the utilities provider’s stock worth $9,435,000 after buying an additional 27,423 shares during the last quarter. Spark Investment Management LLC grew its position in shares of Spark Energy by 19.4% in the 2nd quarter. Spark Investment Management LLC now owns 372,900 shares of the utilities provider’s stock worth $3,635,000 after buying an additional 60,600 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Spark Energy by 8.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 392,598 shares of the utilities provider’s stock worth $3,828,000 after buying an additional 30,834 shares during the last quarter. Mizuho Securities USA LLC bought a new stake in shares of Spark Energy in the 2nd quarter worth approximately $197,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Spark Energy by 2,619.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 11,420 shares of the utilities provider’s stock worth $111,000 after buying an additional 11,000 shares during the last quarter. Hedge funds and other institutional investors own 32.49% of the company’s stock.

NASDAQ SPKE opened at $8.10 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.18 and a current ratio of 2.20. Spark Energy Inc has a twelve month low of $7.93 and a twelve month high of $15.60. The company has a market cap of $280.77 million, a P/E ratio of -16.77 and a beta of -1.95.

Spark Energy (NASDAQ:SPKE) last released its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.41 earnings per share for the quarter. Spark Energy had a return on equity of 8.44% and a net margin of 1.10%. The company had revenue of $232.25 million for the quarter, compared to analyst estimates of $200.33 million. research analysts predict that Spark Energy Inc will post -0.48 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Investors of record on Thursday, August 30th were given a dividend of $0.1813 per share. The ex-dividend date of this dividend was Wednesday, August 29th. This represents a $0.73 annualized dividend and a dividend yield of 8.95%. Spark Energy’s dividend payout ratio is presently -152.08%.

In related news, VP Gil Melman sold 15,862 shares of Spark Energy stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $8.75, for a total transaction of $138,792.50. Following the sale, the vice president now directly owns 1,100 shares in the company, valued at $9,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Keith Maxwell III purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were purchased at an average price of $8.25 per share, for a total transaction of $41,250.00. Following the completion of the transaction, the director now directly owns 996,222 shares of the company’s stock, valued at $8,218,831.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 16,000 shares of company stock worth $130,250 and have sold 68,223 shares worth $597,922. Insiders own 67.63% of the company’s stock.

Several research firms recently weighed in on SPKE. B. Riley set a $11.00 price target on Spark Energy and gave the company a “hold” rating in a research report on Monday, August 6th. BidaskClub lowered Spark Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.50.

Spark Energy Profile

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 is involved in the retail distribution of electricity and natural gas to residential, commercial, and industrial customers.

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

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