GSA Capital Partners LLP raised its position in Spark Energy, Inc. (NASDAQ:SPKE) by 29.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 129,300 shares of the utilities provider’s stock after acquiring an additional 29,600 shares during the period. GSA Capital Partners LLP owned approximately 0.37% of Spark Energy worth $1,940,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Federated Investors Inc. PA acquired a new stake in Spark Energy in the second quarter valued at approximately $194,000. Bank of Montreal Can boosted its position in shares of Spark Energy by 63.0% during the second quarter. Bank of Montreal Can now owns 10,528 shares of the utilities provider’s stock valued at $198,000 after buying an additional 4,070 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Spark Energy by 159.5% during the second quarter. The Manufacturers Life Insurance Company now owns 10,716 shares of the utilities provider’s stock valued at $201,000 after buying an additional 6,586 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Spark Energy during the second quarter valued at approximately $237,000. Finally, Rhumbline Advisers purchased a new position in shares of Spark Energy during the second quarter valued at approximately $243,000. 35.28% of the stock is owned by hedge funds and other institutional investors.

SPKE has been the topic of several analyst reports. Janney Montgomery Scott raised Spark Energy from a “neutral” rating to a “buy” rating in a research report 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 raised 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 cut their target price for the company 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 assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.21.

In related news, VP Gil Melman sold 4,000 shares of Spark Energy 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 directly owns 33,308 shares in the company, valued at $529,264.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Keith Maxwell III purchased 2,300 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average price of $13.55 per share, for a total transaction of $31,165.00. Following the completion of the acquisition, the director now directly owns 907,872 shares of the company’s stock, valued at approximately $12,301,665.60. The disclosure for this purchase can be found here. Insiders have purchased 57,450 shares of company stock worth $761,720 over the last quarter. 66.89% of the stock is currently owned by corporate insiders.

Shares of Spark Energy, Inc. (SPKE) opened at $11.90 on Friday. The company has a market capitalization of $424.22, a price-to-earnings ratio of 15.12 and a beta of -1.68. Spark Energy, Inc. has a fifty-two week low of $11.30 and a fifty-two week high of $23.65. 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 firm also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Wednesday, November 29th were issued a dividend of $0.1813 per share. The ex-dividend date was Tuesday, November 28th. This represents a $0.73 dividend on an annualized basis and a yield of 6.09%. Spark Energy’s dividend payout ratio (DPR) is currently 90.12%.

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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.

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

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