Spark Energy Inc Announces Quarterly Dividend of $0.36 (SPKE)
Spark Energy Inc (NASDAQ:SPKE) declared a quarterly dividend on Thursday, April 20th. Stockholders of record on Tuesday, May 30th will be given a dividend of 0.3625 per share by the utilities provider on Wednesday, June 14th. This represents a $1.45 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Thursday, May 25th.
Spark Energy (NASDAQ:SPKE) traded down 0.28% on Thursday, hitting $35.65. 78,030 shares of the stock traded hands. Spark Energy has a 12-month low of $22.19 and a 12-month high of $38.70. The stock has a 50-day moving average price of $30.67 and a 200 day moving average price of $27.99. The stock has a market cap of $231.58 million, a P/E ratio of 16.00 and a beta of -1.76.
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In other news, Director James G. Jones II acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The stock was purchased at an average price of $26.96 per share, for a total transaction of $26,960.00. Following the completion of the acquisition, the director now owns 13,677 shares in the company, valued at $368,731.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 57.88% of the stock is currently owned by insiders.
SPKE has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Spark Energy from a “hold” rating to a “strong-buy” rating and set a $33.00 price target for the company in a research note on Wednesday, January 11th. FBR & Co reissued a “buy” rating and set a $33.00 price target on shares of Spark Energy in a research note on Thursday, January 12th. Guggenheim initiated coverage on shares of Spark Energy in a research note on Wednesday, February 1st. They set a “buy” rating and a $30.00 price target for the company. Finally, Janney Montgomery Scott set a $35.00 price objective on shares of Spark Energy and gave the company a “buy” rating in a report on Monday, February 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $32.17.
About Spark Energy
Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers in 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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