November 28, 2016 - By Louis Casey
Nathan Kroeker, an insider of Spark Energy Inc, currently President & CEO lately disclosed a new trade with the DC-based SEC. As exposed in the electronic form, Nathan Kroeker purchased 100 shares of the stock exchange listed company, priced at $26.0 per share. $2,600 U.S. Dollars was the trade’s value. The SEC document’s date was 28/11/2016. It seems he is very active lately as in the last 30 days, he silently obtained additional 150 shares of the company, worth $3,984 USD. Nathan Kroeker today has rights to 34,531 shares which are about 0.52% of the Texas-based company’s 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 stock of Spark Energy Inc (NASDAQ:SPKE) earned “Buy” rating by Wunderlich on Friday, August 12. The stock of Spark Energy Inc (NASDAQ:SPKE) has “Hold” rating given on Thursday, December 24 by Wunderlich. Ladenburg Thalmann initiated Spark Energy Inc (NASDAQ:SPKE) on Friday, August 19 with “Neutral” rating. The stock has “Neutral” rating given by Robert W. Baird on Wednesday, February 3. Wunderlich reinitiated Spark Energy Inc (NASDAQ:SPKE) rating on Thursday, April 7. Wunderlich has “Buy” rating and $22 price target. The rating was maintained by FBR Capital on Friday, May 6 with “Outperform”. The rating was upgraded by Zacks to “Hold” on Tuesday, August 18. Janney Capital initiated Spark Energy Inc (NASDAQ:SPKE) on Thursday, September 24 with “Buy” rating. Janney Capital downgraded the stock to “Neutral” rating in Friday, June 10 report. The firm earned “Outperform” rating on Tuesday, April 26 by FBR Capital.
Insitutional Activity: The institutional sentiment decreased to 1.67 in Q2 2016. Its down 1.47, from 3.14 in 2016Q1. The ratio is negative, 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.
Cornerstone Mgmt Holdings Ltd Llc accumulated 70,457 shares or 0.02% of the stock. Pnc Finance Gru Incorporated, a Pennsylvania-based fund reported 16,100 shares. Bogle Mngmt Ltd Partnership De owns 96,094 shares or 0.22% of their US portfolio. Moreover, Goldman Sachs Group Inc has 0% invested in Spark Energy Inc (NASDAQ:SPKE) for 53,976 shares. Great West Life Assurance Can last reported 21,579 shares in the company. Manufacturers Life Insurance Company The holds 4,670 shares or 0% of its portfolio. Globeflex Capital L P accumulated 56,881 shares or 0.51% of the stock. Blackrock Japan Co Ltd owns 585 shares or 0% of their US portfolio. Morgan Stanley accumulated 0% or 243,883 shares. Dimensional Fund Advisors L P accumulated 89,974 shares or 0% of the stock. Century holds 225,613 shares or 0.01% of its portfolio. Tiaa Cref Invest Mngmt Ltd Limited Liability Company holds 0% or 36,968 shares in its portfolio. Usca Ria Ltd Limited Liability Company, a Texas-based fund reported 16,200 shares. Jpmorgan Chase holds 0% of its portfolio in Spark Energy Inc (NASDAQ:SPKE) for 429,055 shares. Moreover, Blackrock Fund Advisors has 0% invested in Spark Energy Inc (NASDAQ:SPKE) for 131,572 shares.
Insider Transactions: Since May 31, 2016, the stock had 12 insider purchases, and 3 selling transactions for $8.45 million net activity. 96,684 shares were sold by Maxwell W Keith III, worth $3.28M on Wednesday, June 8. Shares for $2,634 were bought by Kroeker Nathan on Monday, November 14. The insider Hartwick Kenneth Michael bought $26,200. Garrett Jason K. bought $4,959 worth of stock. 375 Spark Energy Inc (NASDAQ:SPKE) shares with value of $10,031 were bought by LANE ROBERT LAWRENCE. $12,990 worth of Spark Energy Inc (NASDAQ:SPKE) was bought by Jones James G II. Shares for $14,922 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 $11.82M for 9.34 P/E if the $0.70 EPS becomes a reality. After $-0.04 actual EPS 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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By Louis Casey