Centiva Capital LP bought a new stake in Spire Inc. (NYSE:SR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,557 shares of the utilities provider's stock, valued at approximately $309,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of SR. Brevan Howard Capital Management LP lifted its holdings in shares of Spire by 133.2% in the fourth quarter. Brevan Howard Capital Management LP now owns 7,551 shares of the utilities provider's stock worth $512,000 after acquiring an additional 4,313 shares during the last quarter. Bridgefront Capital LLC bought a new position in Spire during the 4th quarter worth approximately $254,000. Capstone Investment Advisors LLC bought a new position in Spire during the 4th quarter worth approximately $258,000. Captrust Financial Advisors lifted its position in shares of Spire by 24.0% in the 4th quarter. Captrust Financial Advisors now owns 722,782 shares of the utilities provider's stock worth $49,026,000 after purchasing an additional 139,815 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in shares of Spire by 4.0% in the 4th quarter. Baird Financial Group Inc. now owns 118,120 shares of the utilities provider's stock valued at $8,012,000 after purchasing an additional 4,562 shares during the last quarter. Institutional investors own 87.36% of the company's stock.
Analysts Set New Price Targets
SR has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on Spire from $75.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Guggenheim increased their target price on shares of Spire from $67.00 to $72.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Morgan Stanley upped their price objective on Spire from $75.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised shares of Spire from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $72.00 to $85.00 in a report on Thursday, March 20th. Finally, StockNews.com raised shares of Spire from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $77.40.
Check Out Our Latest Research Report on SR
Spire Stock Up 0.9%
Shares of NYSE SR traded up $0.67 during midday trading on Friday, reaching $73.26. 285,736 shares of the company's stock traded hands, compared to its average volume of 390,182. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 1.21. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 2.82 and a beta of 0.65. The stock's 50 day simple moving average is $76.10 and its 200-day simple moving average is $72.04. Spire Inc. has a one year low of $57.77 and a one year high of $79.81.
Spire (NYSE:SR - Get Free Report) last announced its earnings results on Wednesday, April 30th. The utilities provider reported $3.60 earnings per share for the quarter, missing the consensus estimate of $3.70 by ($0.10). The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.15 billion. Spire had a net margin of 9.70% and a return on equity of 7.88%. Spire's revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the business earned $3.45 earnings per share. On average, analysts predict that Spire Inc. will post 4.5 EPS for the current fiscal year.
Spire Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, April 11th will be issued a $0.785 dividend. This represents a $3.14 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Wednesday, June 11th. Spire's payout ratio is currently 77.34%.
About Spire
(
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.
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