Vanguard Group Inc. Has $22.94 Million Holdings in Spark Energy, Inc. (SPKE)

Vanguard Group Inc. lifted its stake in shares of Spark Energy, Inc. (NASDAQ:SPKE) by 118.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,220,209 shares of the utilities provider’s stock after buying an additional 661,547 shares during the quarter. Vanguard Group Inc. owned about 9.39% of Spark Energy worth $22,941,000 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. lifted its position in shares of Spark Energy by 108.7% during the 2nd quarter. American Century Companies Inc. now owns 1,065,211 shares of the utilities provider’s stock worth $20,026,000 after buying an additional 554,707 shares during the last quarter. Crow Point Partners LLC lifted its position in shares of Spark Energy by 68.1% during the 2nd quarter. Crow Point Partners LLC now owns 1,022,954 shares of the utilities provider’s stock worth $20,203,000 after buying an additional 414,395 shares during the last quarter. LSV Asset Management lifted its position in shares of Spark Energy by 90.6% during the 2nd quarter. LSV Asset Management now owns 823,992 shares of the utilities provider’s stock worth $15,491,000 after buying an additional 391,646 shares during the last quarter. Finally, Spark Investment Management LLC lifted its position in shares of Spark Energy by 95.3% during the 2nd quarter. Spark Investment Management LLC now owns 507,400 shares of the utilities provider’s stock worth $9,539,000 after buying an additional 247,600 shares during the last quarter. Institutional investors and hedge funds own 36.25% of the company’s stock.

In related news, VP Gil Melman sold 4,000 shares of the company’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 completion of the sale, the vice president now owns 33,308 shares in the company, valued at approximately $529,264.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director W Keith Maxwell III purchased 30,440 shares of Spark Energy stock in a transaction that occurred on Monday, September 11th. The stock was acquired at an average price of $15.52 per share, with a total value of $472,428.80. Following the transaction, the director now owns 774,399 shares in the company, valued at $12,018,672.48. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 160,719 shares of company stock valued at $2,550,672. 66.89% of the stock is owned by insiders.

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Shares of Spark Energy, Inc. (SPKE) opened at $12.05 on Tuesday. Spark Energy, Inc. has a 12-month low of $11.54 and a 12-month high of $23.65. The company has a market cap of $417.29, a price-to-earnings ratio of 14.88 and a beta of -1.62. 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 also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Wednesday, November 29th will be given 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 6.02%. Spark Energy’s dividend payout ratio (DPR) is 90.12%.

Several brokerages have recently weighed in on SPKE. ValuEngine downgraded shares of Spark Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. BidaskClub downgraded shares of Spark Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. B. Riley downgraded shares of 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. Zacks Investment Research upgraded shares of Spark Energy from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Wednesday, August 2nd. Finally, TheStreet downgraded shares of Spark Energy from a “b” rating to a “c+” rating in a research report on Monday, October 23rd. 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. The company has a consensus rating of “Hold” and an average target price of $22.21.

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.

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

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