Citadel Advisors LLC acquired a new stake in shares of Spark Energy Inc (NASDAQ:SPKE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,103 shares of the utilities provider’s stock, valued at approximately $118,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cambria Investment Management L.P. purchased a new position in shares of Spark Energy during the 1st quarter valued at about $128,000. Nisa Investment Advisors LLC raised its holdings in shares of Spark Energy by 2,619.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 11,420 shares of the utilities provider’s stock valued at $111,000 after buying an additional 11,000 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Spark Energy during the 1st quarter valued at about $135,000. Wells Fargo & Company MN raised its holdings in shares of Spark Energy by 3.4% during the 1st quarter. Wells Fargo & Company MN now owns 349,162 shares of the utilities provider’s stock valued at $4,136,000 after buying an additional 11,464 shares in the last quarter. Finally, Element Capital Management LLC purchased a new position in shares of Spark Energy during the 1st quarter valued at about $176,000. 32.49% of the stock is currently owned by institutional investors.
Shares of Spark Energy stock opened at $8.10 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.18 and a current ratio of 2.20. The company has a market capitalization of $280.77 million, a price-to-earnings ratio of -16.77 and a beta of -1.95. Spark Energy Inc has a one year low of $7.93 and a one year high of $15.60.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were paid a $0.1813 dividend. The ex-dividend date was Wednesday, August 29th. This represents a $0.73 dividend on an annualized basis and a yield of 8.95%. Spark Energy’s dividend payout ratio (DPR) is currently -152.08%.
A number of equities analysts recently weighed in on the company. BidaskClub cut Spark Energy from a “sell” rating to a “strong sell” rating in a report on Friday, July 20th. B. Riley set a $11.00 price target on Spark Energy and gave the stock a “hold” rating in a research note on Monday, August 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $14.50.
In other Spark Energy news, VP Gil Melman sold 32,361 shares of Spark Energy stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $8.78, for a total value of $284,129.58. Following the transaction, the vice president now directly owns 16,962 shares of the company’s stock, valued at approximately $148,926.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jason K. Garrett sold 20,000 shares of Spark Energy stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $8.75, for a total value of $175,000.00. Following the completion of the transaction, the vice president now directly owns 26,147 shares in the company, valued at $228,786.25. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 16,000 shares of company stock worth $130,250 and sold 68,223 shares worth $597,922. 67.63% of the stock is owned by insiders.
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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