Schwab Charles Investment Management Inc. grew its position in Spark Energy Inc (NASDAQ:SPKE) by 50.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,964 shares of the utilities provider’s stock after acquiring an additional 92,486 shares during the period. Schwab Charles Investment Management Inc. owned about 0.79% of Spark Energy worth $4,125,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Spark Energy by 7.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,312,194 shares of the utilities provider’s stock valued at $19,813,000 after purchasing an additional 85,764 shares during the period. Vanguard Group Inc. raised 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 valued at $22,941,000 after buying an additional 661,547 shares in the last quarter. LSV Asset Management raised 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 valued at $15,491,000 after buying an additional 391,646 shares in the last quarter. Wells Fargo & Company MN raised 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 valued at $6,628,000 after buying an additional 159,894 shares in the last quarter. Finally, Peregrine Capital Management LLC raised its position in shares of Spark Energy by 54.3% in the 3rd quarter. Peregrine Capital Management LLC now owns 347,795 shares of the utilities provider’s stock valued at $5,217,000 after buying an additional 122,423 shares in the last quarter. 35.42% of the stock is owned by institutional investors.
In other news, Director W Keith Maxwell III bought 9,800 shares of the stock in a transaction dated Monday, December 4th. The stock was bought at an average price of $13.31 per share, for a total transaction of $130,438.00. Following the completion of the acquisition, the director now directly owns 867,713 shares in the company, valued at approximately $11,549,260.03. The purchase was disclosed in a document filed 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 dated Tuesday, January 2nd. The stock was sold at an average price of $12.24, for a total transaction of $48,960.00. Following the sale, the vice president now owns 29,308 shares of the company’s stock, valued at approximately $358,729.92. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 102,750 shares of company stock worth $1,304,516. Corporate insiders own 66.89% of the company’s stock.
Shares of Spark Energy Inc (SPKE) traded down $0.40 during midday trading on Friday, reaching $9.30. 297,597 shares of the company traded hands, compared to its average volume of 219,144. The company has a market capitalization of $335.91, a price-to-earnings ratio of 11.48 and a beta of -1.88. Spark Energy Inc has a fifty-two week low of $9.20 and a fifty-two week high of $23.65. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.58 and a current ratio of 1.63.
Spark Energy (NASDAQ:SPKE) last issued its earnings results on Friday, November 3rd. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.17). Spark Energy had a return on equity of 10.49% and a net margin of 1.84%. equities analysts anticipate that Spark Energy Inc will post 0.58 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.1813 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.73 annualized dividend and a yield of 7.80%. Spark Energy’s payout ratio is 90.12%.
Several equities analysts have recently commented on the stock. TheStreet cut shares of Spark Energy from a “b” rating to a “c+” rating in a research report on Monday, October 23rd. Janney Montgomery Scott upgraded shares of Spark Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Spark Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 24th. B. Riley cut shares of Spark Energy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $23.50 to $17.00 in a research report on Tuesday, November 7th. Finally, ValuEngine cut shares of Spark Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.21.
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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.
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