21,139 Shares in Spire Inc. $SR Purchased by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC acquired 21,139 shares of Spire Inc., valued at approximately $1.65 million, marking a new position in the company during the first quarter.
• Spire reported $0.01 earnings per share for the most recent quarter, exceeding expectations and showing a 1.9% increase in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.785 per share with a dividend yield of 4.1%, set to be paid on October 2nd.

Campbell & CO Investment Adviser LLC purchased a new position in Spire Inc. (NYSE:SR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,139 shares of the utilities provider's stock, valued at approximately $1,654,000.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Wealth Management LLC increased its stake in shares of Spire by 1.7% during the first quarter. Cornerstone Wealth Management LLC now owns 7,870 shares of the utilities provider's stock valued at $616,000 after purchasing an additional 133 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Spire by 3.2% during the first quarter. UMB Bank n.a. now owns 4,915 shares of the utilities provider's stock valued at $385,000 after purchasing an additional 151 shares in the last quarter. Signaturefd LLC increased its stake in shares of Spire by 21.7% during the first quarter. Signaturefd LLC now owns 914 shares of the utilities provider's stock valued at $72,000 after purchasing an additional 163 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Spire by 5.5% during the first quarter. Mackenzie Financial Corp now owns 3,672 shares of the utilities provider's stock valued at $287,000 after acquiring an additional 193 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Spire by 4.3% during the first quarter. Envestnet Asset Management Inc. now owns 5,210 shares of the utilities provider's stock valued at $408,000 after acquiring an additional 214 shares in the last quarter. 87.36% of the stock is owned by institutional investors.

Spire Trading Down 1.7%

Shares of SR stock opened at $76.5390 on Tuesday. Spire Inc. has a 12-month low of $61.56 and a 12-month high of $79.81. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 1.08. The firm's 50 day moving average is $75.00 and its 200 day moving average is $75.25. The stock has a market capitalization of $4.52 billion, a P/E ratio of 16.53, a P/E/G ratio of 2.54 and a beta of 0.66.

Spire (NYSE:SR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.10. The business had revenue of $421.90 million for the quarter, compared to analysts' expectations of $417.27 million. Spire had a net margin of 11.56% and a return on equity of 8.66%. The company's revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.14) EPS. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. Research analysts expect that Spire Inc. will post 4.5 earnings per share for the current year.

Spire Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a $0.785 dividend. The ex-dividend date is Thursday, September 11th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 4.1%. Spire's payout ratio is 67.82%.

Analysts Set New Price Targets

SR has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Spire from $75.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Morgan Stanley reissued an "underperform" rating on shares of Spire in a research report on Wednesday, June 18th. Wall Street Zen raised shares of Spire from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Bank of America reissued an "underperform" rating and set a $76.00 price target (down previously from $81.00) on shares of Spire in a research report on Friday, August 15th. Finally, LADENBURG THALM/SH SH raised shares of Spire to a "strong-buy" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Spire currently has an average rating of "Hold" and a consensus target price of $79.20.

Spire Profile

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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