Spark Energy, Inc. (NASDAQ:SPKE) CEO Nathan Kroeker bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were acquired at an average cost of $26.41 per share, for a total transaction of $26,410.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,000 shares in the company, valued at approximately $26,410. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nathan Kroeker also recently made the following trade(s):

  • On Friday, August 11th, Nathan Kroeker bought 1,775 shares of Spark Energy stock. The shares were acquired at an average cost of $26.30 per share, for a total transaction of $46,682.50.
  • On Thursday, August 10th, Nathan Kroeker bought 1,000 shares of Spark Energy stock. The shares were acquired at an average cost of $26.30 per share, for a total transaction of $26,300.00.
  • On Thursday, May 25th, Nathan Kroeker sold 21,244 shares of Spark Energy stock. The stock was sold at an average price of $43.13, for a total value of $916,253.72.

Shares of Spark Energy, Inc. (SPKE) traded up 3.71% on Friday, reaching $18.15. The company’s stock had a trading volume of 133,827 shares. The firm’s 50 day moving average is $20.11 and its 200-day moving average is $17.53. The stock has a market cap of $238.58 million, a P/E ratio of 25.00 and a beta of -1.62. Spark Energy, Inc. has a 52-week low of $11.52 and a 52-week high of $23.65.

Spark Energy (NASDAQ:SPKE) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.15. The company had revenue of $151.44 million during the quarter, compared to analysts’ expectations of $135.72 million. Spark Energy had a net margin of 1.68% and a return on equity of 9.13%. On average, equities research analysts forecast that Spark Energy, Inc. will post $0.68 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Tuesday, August 29th will be given a $0.1813 dividend. This represents a $0.73 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Friday, August 25th. Spark Energy’s dividend payout ratio (DPR) is presently 107.35%.

Spark Energy declared that its Board of Directors has authorized a stock buyback plan on Wednesday, May 24th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the utilities provider to repurchase up to 19.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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A number of research analysts recently weighed in on SPKE shares. Zacks Investment Research lowered Spark Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. FBR & Co reissued an “outperform” rating and set a $18.50 target price (up from $16.50) on shares of Spark Energy in a report on Tuesday, May 9th. Ladenburg Thalmann Financial Services boosted their target price on Spark Energy from $16.50 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, May 9th. TheStreet raised Spark Energy from a “c” rating to a “b-” rating in a report on Monday, May 8th. Finally, Wunderlich boosted their target price on Spark Energy from $22.00 to $27.50 and gave the stock a “buy” rating in a report on Monday, June 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $23.08.

Institutional investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC boosted its position in shares of Spark Energy by 134.3% in the second quarter. Parametric Portfolio Associates LLC now owns 117,545 shares of the utilities provider’s stock valued at $2,210,000 after buying an additional 67,382 shares during the period. Globeflex Capital L P boosted its position in shares of 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 buying an additional 51,181 shares during the period. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 661,547 shares during the period. Northern Trust Corp boosted its position in shares of 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 buying an additional 113,243 shares during the period. Finally, Ativo Capital Management LLC boosted its position in shares of 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 buying an additional 35,511 shares during the period. Institutional investors own 22.95% of the company’s stock.

Spark Energy Company 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.

Insider Buying and Selling by Quarter for Spark Energy (NASDAQ:SPKE)

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