Spark Energy Inc (SPKE) Plans $0.18 Quarterly Dividend
Spark Energy Inc (NASDAQ:SPKE) declared a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Friday, March 2nd will be given a dividend of 0.1813 per share by the utilities provider on Friday, March 16th. This represents a $0.73 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date is Thursday, March 1st.
Spark Energy (NASDAQ:SPKE) traded up $0.30 during mid-day trading on Friday, reaching $11.40. The company’s stock had a trading volume of 67,184 shares, compared to its average volume of 208,500. The company has a market cap of $394.79, a PE ratio of 14.07 and a beta of -1.67. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.58 and a current ratio of 1.63. Spark Energy has a 52-week low of $10.70 and a 52-week high of $23.65.
Spark Energy (NASDAQ:SPKE) last released its earnings results on Friday, November 3rd. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.17). Spark Energy had a return on equity of 10.49% and a net margin of 1.84%. equities analysts expect that Spark Energy will post 0.58 earnings per share for the current year.
In related news, VP Gil Melman sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $12.24, for a total value of $48,960.00. Following the completion of the sale, the vice president now directly owns 29,308 shares in the company, valued at approximately $358,729.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Keith Maxwell III bought 9,800 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average price of $13.31 per share, with a total value of $130,438.00. Following the completion of the purchase, the director now directly owns 867,713 shares in the company, valued at approximately $11,549,260.03. The disclosure for this purchase can be found here. Insiders bought a total of 102,750 shares of company stock valued at $1,304,516 in the last 90 days. 66.89% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: This report was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://theolympiareport.com/2018/01/19/spark-energy-inc-spke-plans-0-18-quarterly-dividend.html.
Spark Energy Company 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.
Receive News & Ratings for Spark Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spark Energy and related companies with MarketBeat.com's FREE daily email newsletter.