Spark Energy Inc (NASDAQ:SPKE)’s share price was up 0.4% during trading on Monday . The stock traded as high as $11.30 and last traded at $11.25. Approximately 246,929 shares traded hands during trading, an increase of 5% from the average daily volume of 235,308 shares. The stock had previously closed at $11.20.
Several equities analysts have recently commented on SPKE shares. TheStreet raised Spark Energy from a “c+” rating to a “b-” rating in a report on Monday, December 11th. B. Riley reaffirmed a “hold” rating on shares of Spark Energy in a report on Monday. ValuEngine lowered Spark Energy from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Investment Research raised Spark Energy from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $21.79.
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 has a market cap of $428.69, a PE ratio of 14.63 and a beta of -1.65.
In other Spark Energy news, Director W Keith Maxwell III acquired 36,600 shares of Spark Energy stock in a transaction dated Thursday, December 21st. The stock was acquired at an average cost of $12.00 per share, for a total transaction of $439,200.00. Following the completion of the transaction, the director now owns 966,372 shares in the company, valued at approximately $11,596,464. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Gil Melman sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $12.24, for a total value of $48,960.00. Following the transaction, the vice president now owns 29,308 shares of the company’s stock, valued at $358,729.92. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 45,300 shares of company stock valued at $542,796. Insiders own 66.89% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its position in shares of Spark Energy by 159.5% during the second quarter. The Manufacturers Life Insurance Company now owns 10,716 shares of the utilities provider’s stock worth $201,000 after buying an additional 6,586 shares during the period. First Trust Advisors LP acquired a new position in shares of Spark Energy during the fourth quarter worth approximately $136,000. Allianz Asset Management GmbH acquired a new position in shares of Spark Energy during the third quarter worth approximately $243,000. Stone Ridge Asset Management LLC acquired a new stake in Spark Energy in the fourth quarter worth approximately $243,000. Finally, Nisa Investment Advisors LLC lifted its position in Spark Energy by 42.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 20,020 shares of the utilities provider’s stock worth $248,000 after purchasing an additional 6,000 shares during the period. Institutional investors and hedge funds own 33.42% of the company’s stock.
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.
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