Spark Energy Inc (NASDAQ:SPKE) CEO Nathan Kroeker purchased 1,000 shares of the stock in a transaction on Tuesday, December 18th. The stock was acquired at an average cost of $18.54 per share, with a total value of $18,540.00. Following the acquisition, the chief executive officer now owns 4,775 shares of the company’s stock, valued at approximately $88,528.50. 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 Thursday, December 20th, Nathan Kroeker purchased 1,000 shares of Spark Energy stock. The stock was acquired at an average cost of $17.98 per share, with a total value of $17,980.00.
Shares of Spark Energy stock traded up $0.01 on Thursday, reaching $8.08. The company’s stock had a trading volume of 109,500 shares, compared to its average volume of 172,171. The stock has a market capitalization of $274.84 million, a PE ratio of -16.83 and a beta of -0.81. Spark Energy Inc has a 52-week low of $7.20 and a 52-week high of $13.35. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.36 and a quick ratio of 2.33.
Spark Energy (NASDAQ:SPKE) last issued its quarterly earnings results on Friday, November 2nd. The utilities provider reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.31. Spark Energy had a return on equity of 11.17% and a net margin of 1.38%. The firm had revenue of $258.48 million during the quarter, compared to analysts’ expectations of $240.69 million. On average, equities research analysts anticipate that Spark Energy Inc will post -0.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 30th were paid a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a yield of 8.97%. The ex-dividend date of this dividend was Thursday, November 29th. Spark Energy’s dividend payout ratio (DPR) is currently -152.08%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Trexquant Investment LP acquired a new position in Spark Energy during the third quarter worth $110,000. Citadel Advisors LLC acquired a new position in shares of Spark Energy in the 2nd quarter valued at $118,000. Jefferies Group LLC acquired a new position in shares of Spark Energy in the 3rd quarter valued at $131,000. Baird Financial Group Inc. acquired a new position in shares of Spark Energy in the 2nd quarter valued at $138,000. Finally, Marshall Wace LLP acquired a new position in shares of Spark Energy in the 3rd quarter valued at $188,000. 31.64% of the stock is currently owned by institutional investors.
SPKE has been the subject of a number of research reports. BidaskClub downgraded Spark Energy from a “hold” rating to a “sell” rating in a report on Tuesday, October 30th. B. Riley reiterated a “hold” rating on shares of Spark Energy in a research report on Wednesday, November 7th. Finally, Zacks Investment Research cut Spark Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $12.58.
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Spark Energy Company Profile
Spark Energy, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The company is involved in the retail distribution of electricity and natural gas to residential, commercial, and industrial customers.
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