James G. Jones II Buys 1,500 Shares of Spark Energy, Inc. (SPKE) Stock
Spark Energy, Inc. (NASDAQ:SPKE) Director James G. Jones II bought 1,500 shares of the business’s stock in a transaction on Friday, December 15th. The stock was purchased at an average price of $12.04 per share, for a total transaction of $18,060.00. Following the purchase, the director now directly owns 42,640 shares in the company, valued at approximately $513,385.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Spark Energy, Inc. (NASDAQ SPKE) opened at $11.85 on Wednesday. The firm has a market capitalization of $422.49, a P/E ratio of 15.06 and a beta of -1.68. Spark Energy, Inc. has a 1 year low of $11.30 and a 1 year high of $23.65. 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 business also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Wednesday, November 29th were given a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a dividend yield of 6.12%. The ex-dividend date was Tuesday, November 28th. Spark Energy’s dividend payout ratio (DPR) is 90.12%.
Several large investors have recently bought and sold shares of SPKE. Public Employees Retirement System of Ohio increased its holdings in shares of Spark Energy by 131.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,582 shares of the utilities provider’s stock worth $339,000 after acquiring an additional 12,824 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Spark Energy by 29.7% during the 3rd quarter. GSA Capital Partners LLP now owns 129,300 shares of the utilities provider’s stock worth $1,940,000 after acquiring an additional 29,600 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in shares of Spark Energy by 29.7% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 95,322 shares of the utilities provider’s stock worth $1,429,000 after acquiring an additional 21,800 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Spark Energy during the 3rd quarter worth approximately $243,000. Finally, Stifel Financial Corp acquired a new position in shares of Spark Energy during the 3rd quarter worth approximately $432,000. 35.28% of the stock is currently owned by hedge funds and other institutional investors.
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About Spark Energy
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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