Hancock Holding Co. Has $247,000 Stake in Spark Energy, Inc. (SPKE)
Hancock Holding Co. increased its holdings in shares of Spark Energy, Inc. (NASDAQ:SPKE) by 100.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,130 shares of the utilities provider’s stock after buying an additional 6,565 shares during the period. Hancock Holding Co. owned 0.10% of Spark Energy worth $247,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Parametric Portfolio Associates LLC raised its stake in shares of Spark Energy by 134.3% during the second quarter. Parametric Portfolio Associates LLC now owns 117,545 shares of the utilities provider’s stock worth $2,210,000 after buying an additional 67,382 shares during the last quarter. Globeflex Capital L P boosted its stake in Spark Energy by 92.4% in the second quarter. Globeflex Capital L P now owns 106,562 shares of the utilities provider’s stock valued at $2,003,000 after acquiring an additional 51,181 shares during the last quarter. Vanguard Group Inc. boosted its stake in Spark Energy by 118.4% in the second quarter. Vanguard Group Inc. now owns 1,220,209 shares of the utilities provider’s stock valued at $22,941,000 after acquiring an additional 661,547 shares during the last quarter. Northern Trust Corp boosted its stake in Spark Energy by 180.7% in the second quarter. Northern Trust Corp now owns 175,906 shares of the utilities provider’s stock valued at $3,307,000 after acquiring an additional 113,243 shares during the last quarter. Finally, Ativo Capital Management LLC boosted its stake in Spark Energy by 87.7% in the second quarter. Ativo Capital Management LLC now owns 76,021 shares of the utilities provider’s stock valued at $1,429,000 after acquiring an additional 35,511 shares during the last quarter. 35.98% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Nathan Kroeker acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was bought at an average cost of $26.41 per share, for a total transaction of $26,410.00. Following the completion of the transaction, the chief executive officer now directly owns 1,000 shares in the company, valued at approximately $26,410. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Keith Maxwell III sold 6,800 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $21.01, for a total transaction of $142,868.00. Following the sale, the director now owns 689,380 shares of the company’s stock, valued at $14,483,873.80. The disclosure for this sale can be found here. In the last 90 days, insiders bought 163,744 shares of company stock worth $2,642,690 and sold 158,342 shares worth $3,322,922. 66.89% of the stock is currently owned by insiders.
Spark Energy, Inc. (SPKE) opened at 15.00 on Monday. The company has a market cap of $197.18 million, a price-to-earnings ratio of 20.66 and a beta of -1.59. The company’s 50-day moving average is $17.17 and its 200 day moving average is $18.21. Spark Energy, Inc. has a 1-year low of $11.52 and a 1-year high of $23.65.
Spark Energy (NASDAQ:SPKE) last released its earnings results on Friday, August 4th. The utilities provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.15). The firm had revenue of $151.44 million for the quarter, compared to analyst estimates of $135.72 million. Spark Energy had a net margin of 1.68% and a return on equity of 9.13%. On average, equities analysts predict that Spark Energy, Inc. will post $0.89 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Tuesday, August 29th were issued a dividend of $0.1813 per share. The ex-dividend date of this dividend was Friday, August 25th. This represents a $0.73 annualized dividend and a yield of 4.83%. Spark Energy’s payout ratio is 107.35%.
SPKE has been the subject of a number of analyst reports. Wunderlich lifted their target price on shares of Spark Energy from $22.00 to $27.50 and gave the stock a “buy” rating in a report on Monday, June 12th. Janney Montgomery Scott downgraded Spark Energy from a “buy” rating to a “neutral” rating and increased their price target for the company from $22.95 to $24.00 in a research note on Thursday, June 22nd. Guggenheim raised Spark Energy from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Friday, July 7th. FBR & Co set a $24.00 price target on Spark Energy and gave the stock a “buy” rating in a research report on Monday, July 10th. Finally, BidaskClub lowered Spark Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Spark Energy currently has a consensus rating of “Hold” and an average price target of $23.08.
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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