Teachers Advisors LLC lifted its stake in shares of Spark Energy, Inc. (NASDAQ:SPKE) by 50.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,507 shares of the utilities provider’s stock after buying an additional 7,177 shares during the quarter. Teachers Advisors LLC owned about 0.17% of Spark Energy worth $404,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of SPKE. JPMorgan Chase & Co. lifted its position in shares of Spark Energy by 85.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,226,430 shares of the utilities provider’s stock worth $23,057,000 after buying an additional 563,480 shares during the last quarter. American Century Companies Inc. raised its position in 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 valued at $20,026,000 after purchasing an additional 554,707 shares during the last quarter. LSV Asset Management raised its position in 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 purchasing an additional 391,646 shares during the last quarter. Spark Investment Management LLC raised its position in Spark Energy by 95.3% in the 2nd quarter. Spark Investment Management LLC now owns 507,400 shares of the utilities provider’s stock valued at $9,539,000 after purchasing an additional 247,600 shares during the last quarter. Finally, Peregrine Capital Management LLC purchased a new stake in Spark Energy in the 2nd quarter valued at $4,237,000. Institutional investors and hedge funds own 36.25% of the company’s stock.
In other Spark Energy news, VP Gil Melman sold 4,000 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $15.89, for a total value of $63,560.00. Following the transaction, the vice president now directly owns 33,308 shares of the company’s stock, valued at approximately $529,264.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Keith Maxwell III acquired 30,440 shares of the company’s stock in a transaction on Monday, September 11th. The stock was purchased at an average cost of $15.52 per share, for a total transaction of $472,428.80. Following the completion of the purchase, the director now directly owns 774,399 shares in the company, valued at approximately $12,018,672.48. The disclosure for this purchase can be found here. Insiders acquired a total of 160,719 shares of company stock worth $2,550,672 over the last three months. 66.89% of the stock is currently owned by corporate insiders.
Several analysts recently commented on SPKE shares. Zacks Investment Research upgraded shares of Spark Energy from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Wednesday, August 2nd. ValuEngine upgraded shares of Spark Energy from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. B. Riley downgraded shares of Spark Energy from a “buy” rating to a “neutral” rating and reduced their price target for the company from $23.50 to $17.00 in a research report on Tuesday, November 7th. BidaskClub downgraded shares of Spark Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Janney Montgomery Scott upgraded shares of Spark Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Spark Energy presently has a consensus rating of “Hold” and a consensus target price of $22.21.
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Spark Energy, Inc. (SPKE) opened at $11.95 on Wednesday. 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 stock has a market cap of $417.29, a price-to-earnings ratio of 14.88 and a beta of -1.62. Spark Energy, Inc. has a 12 month low of $11.54 and a 12 month high of $23.65.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Wednesday, November 29th will be paid a $0.1813 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.73 annualized dividend and a yield of 6.07%. Spark Energy’s dividend payout ratio is currently 90.12%.
Spark Energy 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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