State Street Corp boosted its holdings in shares of Spark Energy, Inc. (NASDAQ:SPKE) by 126.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 209,922 shares of the utilities provider’s stock after purchasing an additional 117,139 shares during the quarter. State Street Corp owned about 1.60% of Spark Energy worth $3,951,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. lifted its position in shares of Spark Energy by 47.8% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 73,522 shares of the utilities provider’s stock worth $1,382,000 after acquiring an additional 23,761 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Spark Energy by 129.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 30,891 shares of the utilities provider’s stock worth $581,000 after acquiring an additional 17,435 shares during the period. Balyasny Asset Management LLC bought a new stake in shares of Spark Energy in the 2nd quarter worth approximately $2,512,000. Dimensional Fund Advisors LP lifted its position in shares of Spark Energy by 100.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 219,950 shares of the utilities provider’s stock worth $4,135,000 after acquiring an additional 109,975 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of Spark Energy in the 2nd quarter worth approximately $237,000. Hedge funds and other institutional investors own 35.27% of the company’s stock.

Spark Energy, Inc. (NASDAQ SPKE) opened at $13.60 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.58 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $469.25, a P/E ratio of 16.60 and a beta of -1.67. Spark Energy, Inc. has a 52-week low of $11.30 and a 52-week high of $23.65.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Wednesday, November 29th will be given a dividend of $0.1813 per share. The ex-dividend date is Tuesday, November 28th. This represents a $0.73 annualized dividend and a dividend yield of 5.33%. Spark Energy’s dividend payout ratio (DPR) is presently 90.12%.

SPKE has been the subject of a number of research reports. TheStreet downgraded Spark Energy from a “b” rating to a “c+” rating in a research report on Monday, October 23rd. Zacks Investment Research downgraded Spark Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Janney Montgomery Scott upgraded Spark Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 1st. ValuEngine downgraded Spark Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, B. Riley downgraded Spark Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $23.50 to $17.00 in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $22.21.

In related news, Director W Keith Maxwell III bought 47,200 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average price of $16.72 per share, for a total transaction of $789,184.00. Following the transaction, the director now directly owns 854,899 shares of the company’s stock, valued at $14,293,911.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gil Melman sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $15.89, for a total value of $63,560.00. Following the transaction, the vice president now owns 33,308 shares of the company’s stock, valued at approximately $529,264.12. The disclosure for this sale can be found here. Insiders have purchased a total of 143,240 shares of company stock valued at $2,219,111 in the last 90 days. 66.89% of the stock is owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Spark Energy (NASDAQ:SPKE)

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