November 28, 2016 - By Winifred Garcia
Keith Maxwell is the director of Spark Energy Inc. He not a long ago paid for 10,800 shares in the Pinksheet-listed company with the transaction value amounting to approx. $273,564 US Dollars . That is according to the filing revealed price of $25.3 of a share. In the last 30 days, he also obtained 60,396 shares worth approximately $1.58 million USD. The probability that the acquisition stays unseen is very low owing to the big amount of cash involved. At the moment, Keith Maxwell owns 561,046 shares which make up roughly 10%+ of the company’s total market capitalization.
Out of 5 analysts covering Spark Energy (NASDAQ:SPKE), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $35 is the highest target while $19 is the lowest. The $26.50 average target is 1.34% above today’s ($26.15) stock price. Spark Energy has been the topic of 11 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Ladenburg Thalmann given on Friday, August 19. On Tuesday, August 18 the stock rating was upgraded by Zacks to “Hold”. The stock has “Buy” rating given by Wunderlich on Friday, May 6. The firm has “Outperform” rating given on Tuesday, April 26 by FBR Capital. Janney Capital downgraded the stock to “Neutral” rating in Friday, June 10 report. Wunderlich maintained Spark Energy Inc (NASDAQ:SPKE) rating on Friday, August 12. Wunderlich has “Buy” rating and $35 price target. The stock of Spark Energy Inc (NASDAQ:SPKE) earned “Neutral” rating by Robert W. Baird on Wednesday, February 3. The stock of Spark Energy Inc (NASDAQ:SPKE) has “Hold” rating given on Thursday, December 24 by Wunderlich. The stock has “Outperform” rating given by FBR Capital on Friday, May 6. Wunderlich reinitiated it with “Buy” rating and $22 target price in Thursday, April 7 report.
Insitutional Activity: The institutional sentiment decreased to 1.67 in Q2 2016. Its down 1.47, from 3.14 in 2016Q1. The ratio fall, as 5 funds sold all Spark Energy Inc shares owned while 17 reduced positions. 34 funds bought stakes while 35 increased positions. They now own 8.94 million shares or 44.01% more from 6.21 million shares in 2016Q1.
Asset Mngmt has 0.05% invested in the company for 97,241 shares. Usca Ria Limited Liability Com last reported 16,200 shares in the company. Blackrock Invest Limited Liability last reported 0% of its portfolio in the stock. Pnc Financial Services Gru Inc holds 16,100 shares or 0% of its portfolio. Blackrock has 0% invested in the company for 10,762 shares. Globeflex L P last reported 0.51% of its portfolio in the stock. Alliancebernstein Limited Partnership holds 8,100 shares or 0% of its portfolio. Ny State Common Retirement Fund reported 2,700 shares or 0% of all its holdings. Natl Bank Of America De accumulated 0% or 18,269 shares. Teachers Advsrs Inc last reported 0% of its portfolio in the stock. Highland Cap Mngmt Lc holds 0.03% of its portfolio in Spark Energy Inc (NASDAQ:SPKE) for 11,744 shares. James Investment Research Incorporated holds 0.06% of its portfolio in Spark Energy Inc (NASDAQ:SPKE) for 69,067 shares. Moreover, Eagle Advsr Ltd Limited Liability Company has 0.01% invested in Spark Energy Inc (NASDAQ:SPKE) for 6,970 shares. Deutsche Financial Bank Ag accumulated 71,655 shares or 0% of the stock. Barclays Public Limited Co accumulated 400 shares or 0% of the stock.
Insider Transactions: Since May 31, 2016, the stock had 12 insider buys, and 3 insider sales for $8.45 million net activity. On Wednesday, June 8 the insider Maxwell W Keith III sold $3.28 million. Jones James G II also bought $12,990 worth of Spark Energy Inc (NASDAQ:SPKE) shares. On Monday, November 14 the insider Garrett Jason K. bought $4,939. On Tuesday, November 15 Kroeker Nathan bought $1,350 worth of the stock or 50 shares. Hartwick Kenneth Michael had bought 1,000 shares worth $26,200 on Monday, November 14. LANE ROBERT LAWRENCE bought $10,031 worth of Spark Energy Inc (NASDAQ:SPKE) on Monday, November 14. $14,922 worth of shares were bought by Melman Gil on Monday, November 21.
The stock increased 2.35% or $0.6 during the last trading session, hitting $26.15. About 87,525 shares traded hands. Spark Energy Inc (NASDAQ:SPKE) has risen 14.06% since April 25, 2016 and is uptrending. It has outperformed by 8.05% the S&P500.
Spark Energy, Inc. is an independent retail energy services company. The company has a market cap of $441.58 million. The Firm provides residential and commercial clients in United States with an alternative for their natural gas and electricity. It has a 25.37 P/E ratio. The Firm operates in two divisions: Retail Natural Gas Segment and Retail Electricity Segment.
According to Zacks Investment Research, “Spark Energy, Inc. is an independent retail energy services company. It provides residential and commercial customers across the United States with an alternative choice for their natural gas and electricity. The company is involved in the retail distribution of natural gas and electricity. It also offers renewable and carbon neutral products. Spark Energy, Inc. is headquartered in Houston, Texas.”
Analysts await Spark Energy Inc (NASDAQ:SPKE) to report earnings on March, 22. SPKE’s profit will be $11.82 million for 9.34 P/E if the $0.70 EPS becomes a reality. After $-0.04 actual earnings per share reported by Spark Energy Inc for the previous quarter, Wall Street now forecasts -1,850.00% EPS growth.
Another recent and important Spark Energy Inc (NASDAQ:SPKE) news was published by Nasdaq.com which published an article titled: “Spark Energy, Inc. Announces Closing of Major Energy Acquisition” on August 23, 2016.
Spark Energy, Inc., incorporated on April 22, 2014, is an independent retail energy services company. The Firm provides residential and commercial clients in the United States with an alternative for their natural gas and electricity. The Firm operates in two divisions: Retail Natural Gas Segment and Retail Electricity Segment. It operates in approximately 50 utility service territories across over 20 states and has approximately 328,000 residential clients and over 19,000 commercial customers, which translates to approximately 415,000 renewable energy credits (RCEs). The Firm serves natural gas clients in over 10 states, including Arizona, California, Colorado, Connecticut, Florida, Illinois, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, Ohio and Pennsylvania, and electricity clients in over nine states, including Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York, Ohio, Pennsylvania and Texas.
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