Spark Energy, Inc. (SPKE) Files Form 4 Insider Selling : W Keith Iii Maxwell Sells 63,720 Shares

Spark Energy, Inc. (SPKE): W Keith Iii Maxwell , director 10% owner of Spark Energy, Inc. sold 63,720 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $30.89 per share for a total value of $1,969,764.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 20, 2016, W Keith Iii Maxwell (director 10% owner) purchased 2,500 shares at $20.00 per share price.On Dec 28, 2015, Georganne Hodges (Vice President & CFO) sold 1,518 shares at $20.21 per share price.Also, On Jun 16, 2015, Nathan Kroeker (CEO) purchased 5,000 shares at $14.90 per share price.

Spark Energy Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Spark Energy Inc which led to swings in the share price. The shares opened for trading at $30.71 and hit $31.81 on the upside , eventually ending the session at $31.06, with a gain of 1.11% or 0.34 points. The heightened volatility saw the trading volume jump to 1,65,449 shares. The 52-week high of the share price is $31.12 and the company has a market cap of $431 M . The 52-week low of the share price is at $11.85.

Spark Energy Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Spark Energy Inc is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 30 from a previous price target of $22 .The Rating was issued on May 6, 2016.Spark Energy Inc is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 32 from a previous price target of $27 .The Rating was issued on May 6, 2016.Spark Energy Inc is Initiated by FBR Capital to Outperform and the brokerage firm has set the Price Target at $27. The Rating was issued on Apr 26, 2016.Spark Energy Inc is Upgraded by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 22 from a previous price target of $20 .Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Apr 7, 2016.

Spark Energy Inc. is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative choice for their natural gas and electricity. The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment. Retail Natural Gas segment purchases natural gas supply through physical and financial transactions with market counterparts and supply natural gas to residential and commercial consumers. The Retail Electricity segment purchases electricity supply through physical and financial transactions with market counterparts and independent system operators (ISOs) and supply electricity to residential and commercial consumers. As of December 31 2014 it operated in 46 utility service territories across 16 states and had approximately 303000 residential customers and 15000 commercial customers.

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