Van Lanschot Kempen Investment Management N.V. bought a new position in Spire Inc. (NYSE:SR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 45,700 shares of the utilities provider's stock, valued at approximately $3,100,000. Van Lanschot Kempen Investment Management N.V. owned approximately 0.08% of Spire as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Blair William & Co. IL increased its holdings in shares of Spire by 2.6% in the 4th quarter. Blair William & Co. IL now owns 6,027 shares of the utilities provider's stock worth $409,000 after purchasing an additional 152 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Spire by 2.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 9,050 shares of the utilities provider's stock worth $614,000 after buying an additional 200 shares during the last quarter. GAMMA Investing LLC lifted its stake in Spire by 87.2% during the 4th quarter. GAMMA Investing LLC now owns 438 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 204 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Spire by 11.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,308 shares of the utilities provider's stock worth $157,000 after acquiring an additional 241 shares during the period. Finally, Chicago Partners Investment Group LLC grew its stake in shares of Spire by 8.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 3,406 shares of the utilities provider's stock worth $230,000 after acquiring an additional 271 shares during the period. Hedge funds and other institutional investors own 87.36% of the company's stock.
Analyst Ratings Changes
SR has been the topic of several research reports. Guggenheim raised their target price on shares of Spire from $67.00 to $72.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Morgan Stanley boosted their price target on Spire from $75.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Mizuho boosted their target price on shares of Spire from $76.00 to $82.00 and gave the company an "outperform" rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. raised shares of Spire from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $72.00 to $85.00 in a research report on Thursday, March 20th. Finally, StockNews.com upgraded Spire from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $76.70.
Check Out Our Latest Research Report on Spire
Spire Price Performance
Spire stock traded down $0.95 during midday trading on Friday, reaching $77.01. 472,442 shares of the stock traded hands, compared to its average volume of 389,352. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 1.21. Spire Inc. has a 12 month low of $57.77 and a 12 month high of $79.81. The stock's fifty day moving average is $76.38 and its 200-day moving average is $71.20. The stock has a market cap of $4.49 billion, a P/E ratio of 18.65, a PEG ratio of 2.82 and a beta of 0.56.
Spire (NYSE:SR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.08). Spire had a net margin of 9.70% and a return on equity of 7.88%. As a group, equities research analysts anticipate that Spire Inc. will post 4.5 EPS for the current year.
Spire Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, April 11th will be given a dividend of $0.785 per share. The ex-dividend date is Wednesday, June 11th. This represents a $3.14 annualized dividend and a dividend yield of 4.08%. Spire's dividend payout ratio (DPR) is presently 76.03%.
Spire Company Profile
(
Free Report)
Spire Inc, together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates through three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.
Recommended Stories
Before you consider Spire, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spire wasn't on the list.
While Spire currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
