The New Spark Energy, Inc Holding in Spark Energy, Inc
Spark Energy, Inc filed with the SEC SC 13D/A form for Spark Energy, Inc. The form can be accessed here: 000160626816000375. As reported in Spark Energy, Inc’s form, the filler as of late owns 65.1% or 10,891,508 shares of the -company.
Spark Energy, Inc stake is a new one for the and it was filed because of activity on November 14, 2016. We feel this shows Spark Energy, Inc’s positive view for the stock.
Reasons Why Spark Energy, Inc Bought – Spark Energy, Inc Stock
Purpose of Transaction
Item 4 of the Schedule 13D is hereby amended and restated in its entirety as follows:
The acquisitions of Class B Common Stock by the Reporting Persons were undertaken for investment purposes. The Reporting Persons also intend to participate in and influence the affairs of the Issuer through their voting rights with respect to their shares of Class A Common Stock and Class B Common Stock.
As described in Item6 below, subject to the terms of the Spark HoldCo LLC Agreement, the Spark HoldCo Units (together with a corresponding number of shares of Class B Common Stock) may be exchanged, at any time and from time to time, for ClassA Common Stock (or cash at the Issuer or Spark HoldCo’s election) at an exchange ratio of one share of ClassA Common Stock for each Spark HoldCo Unit (and corresponding share of Class B Common Stock).
The Reporting Persons intend to review their investment in the Issuer on a continuing basis and, depending upon the price of and other market conditions relating to the ClassA Common Stock or other securities of the Issuer, subsequent developments affecting the Issuer, the Issuer’s business and prospects, other investment and business opportunities available to the Reporting Persons, general stock market and economic conditions, tax considerations, and other factors deemed relevant, may decide to increase or decrease the size of their investment in the Issuer or seek exchange of the Class B Common Stock and Spark HoldCo Units into ClassA Common Stock.
On October 7, 2016, the Issuer filed a registration statement with respect to the offer and sale from time to time, by the Issuer of up to $200,000,000 of Class A Common Stock, preferred stock, depositary shares and warrants, and by NuDevco Retail, Retailco and RAC of up to 11,339,563 shares of Class A Common Stock. The registration statement was declared effective on October 20, 2016. NuDevco Retail, Retailco and RAC may sell shares of Class A Common Stock in the future under the registration statement, depending upon general stock market conditions, economic conditions and other factors.
As part of the Issuer’s growth strategy, it may engage in transactions with the Reporting Entities and other entities affiliated with the Individual Filer. Such transactions may involve the issuance of Class A Common Stock, Class B Common Stock or securities convertible or exchangeable into Class A Common Stock or Class B Common Stock to the Reporting Entities or other entities affiliated with the Individual Filer.
Except as set forth in this Item4, the Reporting Persons do not have any specific plans or proposals that relate to or would result in any of the actions specified in clauses (a)through (j)of Item4 of Schedule 13D.
Interest in Securities of the Issuer
Spark Energy, Inc Institutional Sentiment
Latest Security and Exchange filings show 41 investors own Spark Energy, Inc. The institutional ownership in Q3 2015 is low, at 20.02% of the outstanding shares. This is increased by 62746 the total institutional shares. 1301037 were the shares owned by these institutional investors. In total 6 funds opened new Spark Energy, Inc stakes, 14 increased stakes. There were 2 that closed positions and 15 reduced them.
Gsa Capital Partners Llp is an institutional investor bullish on Spark Energy, Inc, owning 40372 shares as of Q3 2015 for 0.03% of its portfolio. Advisors Asset Management Inc owns 53093 shares or 0.01% of its portfolio. MA Numeric Investors Llc have 0.03% of their stock portfolio for 162086 shares. Further, Acadian Asset Management Llc reported stake worth less than 0.01% of its US stock portfolio. The IL Bard Associates Inc owns 111967 shares. Spark Energy, Inc is 1.07% of the manager’s US portfolio.
Spark Energy, Inc. is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative for their natural gas and electricity. The Company operates in two segments: 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 customers and over 19,000 commercial customers, which translates to approximately 415,000 renewable energy credits (RCEs). The Company serves natural gas customers 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 customers in over nine states, including Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York, Ohio, Pennsylvania and Texas.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment decreased to 3.14 in 2016 Q2. Its down 1.11, from 4.25 in 2016Q1. The ratio dropped, 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.
Eqis Management reported 7,124 shares or 0.02% of all its holdings. Hightower Ltd Com holds 40,259 shares or 0.02% of its portfolio. Wealthtrust holds 0% or 10 shares in its portfolio. Morgan Stanley has invested 0% of its portfolio in Spark Energy Inc (NASDAQ:SPKE). Zacks Inv Management reported 12,465 shares or 0.01% of all its holdings. Advsr Asset Mngmt has invested 0.05% of its portfolio in Spark Energy Inc (NASDAQ:SPKE). Lucus Advisors Limited Company has invested 0.29% of its portfolio in Spark Energy Inc (NASDAQ:SPKE). Moreover, Great West Life Assurance Comm Can has 0% invested in Spark Energy Inc (NASDAQ:SPKE) for 21,579 shares. Manufacturers Life Co The, a Ontario – Canada-based fund reported 4,670 shares. Aqr Cap Mngmt Ltd Liability has 0.01% invested in the company for 139,846 shares. Legal General Group Public Ltd Liability Corp holds 0% of its portfolio in Spark Energy Inc (NASDAQ:SPKE) for 1,010 shares. Vanguard Gp last reported 300,339 shares in the company. Jpmorgan Chase And Company accumulated 429,055 shares or 0% of the stock. Susquehanna Intll Llp, a Pennsylvania-based fund reported 10,000 shares. Parametric Assocs Ltd Liability Co owns 67,724 shares or 0% of their US portfolio.
Insider Transactions: Since May 18, 2016, the stock had 10 insider buys, and 6 selling transactions for $14.37 million net activity. On Monday, November 14 the insider Hartwick Kenneth Michael bought $26,200. 187 Spark Energy Inc (NASDAQ:SPKE) shares with value of $4,939 were bought by Garrett Jason K.. Maxwell W Keith III sold $943,105 worth of stock or 31,147 shares. Kroeker Nathan bought $1,350 worth of Spark Energy Inc (NASDAQ:SPKE) on Tuesday, November 15. The insider LANE ROBERT LAWRENCE bought $10,031. Jones James G II had bought 1,000 shares worth $26,510 on Monday, November 14.
The stock closed at $26.7 during the last session. It is down 25.23% since April 15, 2016 and is uptrending. It has outperformed by 20.61% the S&P500.
Spark Energy, Inc. is an independent retail energy services company. The company has a market cap of $460.25 million. The Firm provides residential and commercial clients in United States with an alternative for their natural gas and electricity. It has a 25.91 P/E ratio. The Firm operates in two divisions: Retail Natural Gas Segment and Retail Electricity Segment.
Spark Energy Inc (NASDAQ:SPKE) Ratings Coverage
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 -0.75% below today’s ($26.7) stock price. Spark Energy has been the topic of 11 analyst reports since August 18, 2015 according to StockzIntelligence Inc. FBR Capital initiated Spark Energy Inc (NASDAQ:SPKE) on Tuesday, April 26 with “Outperform” rating. Ladenburg Thalmann initiated the stock with “Neutral” rating in Friday, August 19 report. The rating was maintained by Wunderlich with “Buy” on Friday, August 12. The rating was initiated by Janney Capital on Thursday, September 24 with “Buy”. The rating was reinitiated by Wunderlich with “Buy” on Thursday, April 7. FBR Capital maintained the shares of SPKE in a report on Friday, May 6 with “Outperform” rating. The rating was downgraded by Robert W. Baird on Wednesday, February 3 to “Neutral”. The stock of Spark Energy Inc (NASDAQ:SPKE) earned “Hold” rating by Wunderlich on Thursday, December 24. Zacks upgraded it to “Hold” rating and $19 target price in Tuesday, August 18 report. The stock of Spark Energy Inc (NASDAQ:SPKE) earned “Neutral” rating by Janney Capital on Friday, June 10.
More news for Spark Energy Inc (NASDAQ:SPKE) were recently published by: Streetinsider.com, which released: “Form 4 Spark Energy, Inc. For: Nov 15 Filed by: Garrett Jason K.” on November 15, 2016. Nasdaq.com‘s article titled: “Spark Energy, Inc. (SPKE) Ex-Dividend Date Scheduled for August 25, 2016” and published on August 24, 2016 is yet another important article.
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.”
SPKE Company Profile
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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