Spark Energy, Inc. (NASDAQ:SPKE) Director W Keith Maxwell III acquired 22,850 shares of the stock in a transaction on Wednesday, December 13th. The stock was bought at an average cost of $13.34 per share, with a total value of $304,819.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

W Keith Maxwell III also recently made the following trade(s):

  • On Friday, December 8th, W Keith Maxwell III acquired 2,300 shares of Spark Energy stock. The stock was bought at an average cost of $13.55 per share, with a total value of $31,165.00.
  • On Wednesday, December 6th, W Keith Maxwell III acquired 14,500 shares of Spark Energy stock. The stock was bought at an average cost of $13.42 per share, with a total value of $194,590.00.
  • On Friday, December 1st, W Keith Maxwell III acquired 2,900 shares of Spark Energy stock. The stock was bought at an average cost of $12.83 per share, with a total value of $37,207.00.
  • On Monday, December 4th, W Keith Maxwell III acquired 9,800 shares of Spark Energy stock. The stock was bought at an average cost of $13.31 per share, with a total value of $130,438.00.
  • On Wednesday, November 29th, W Keith Maxwell III acquired 4,100 shares of Spark Energy stock. The stock was bought at an average cost of $12.61 per share, with a total value of $51,701.00.

Shares of Spark Energy, Inc. (NASDAQ:SPKE) traded down $0.35 on Friday, hitting $12.25. 347,100 shares of the stock traded hands, compared to its average volume of 224,635. Spark Energy, Inc. has a 52-week low of $11.30 and a 52-week high of $23.65. The stock has a market cap of $436.34, a PE ratio of 15.56 and a beta of -1.68. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.63 and a quick ratio of 1.58.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Wednesday, November 29th were given a $0.1813 dividend. The ex-dividend date was Tuesday, November 28th. This represents a $0.73 annualized dividend and a dividend yield of 5.92%. Spark Energy’s payout ratio is presently 90.12%.

Several institutional investors and hedge funds have recently made changes to their positions in SPKE. Vanguard Group Inc. lifted its position in shares of Spark Energy by 118.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,220,209 shares of the utilities provider’s stock worth $22,941,000 after purchasing an additional 661,547 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Spark Energy by 85.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,226,430 shares of the utilities provider’s stock worth $23,057,000 after purchasing an additional 563,480 shares during the period. American Century Companies Inc. lifted its position in shares of Spark Energy by 108.7% in the 2nd quarter. American Century Companies Inc. now owns 1,065,211 shares of the utilities provider’s stock worth $20,026,000 after purchasing an additional 554,707 shares during the period. LSV Asset Management lifted its position in shares of Spark Energy by 90.6% in the 2nd quarter. LSV Asset Management now owns 823,992 shares of the utilities provider’s stock worth $15,491,000 after purchasing an additional 391,646 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Spark Energy by 83.0% in the 2nd quarter. Wells Fargo & Company MN now owns 352,564 shares of the utilities provider’s stock worth $6,628,000 after purchasing an additional 159,894 shares during the period. 35.28% of the stock is owned by hedge funds and other institutional investors.

SPKE has been the subject of several research reports. Janney Montgomery Scott raised shares of Spark Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 1st. TheStreet cut shares of Spark Energy from a “b” rating to a “c+” rating in a research report on Monday, October 23rd. ValuEngine cut shares of Spark Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Spark Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, B. Riley cut shares of Spark Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $23.50 to $17.00 in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $22.21.

WARNING: This article was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.watchlistnews.com/spark-energy-inc-spke-director-w-keith-maxwell-iii-buys-22850-shares/1766483.html.

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.

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

Receive News & Ratings for Spark Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spark Energy and related companies with MarketBeat.com's FREE daily email newsletter.