32,910 Shares in Spire Inc. $SR Bought by Greenland Capital Management LP

Greenland Capital Management LP bought a new stake in shares of Spire Inc. (NYSE:SR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 32,910 shares of the utilities provider's stock, valued at approximately $2,570,000. Greenland Capital Management LP owned about 0.06% of Spire as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Los Angeles Capital Management LLC purchased a new position in Spire in the 4th quarter worth about $25,000. MV Capital Management Inc. purchased a new stake in Spire during the fourth quarter valued at about $33,000. SHP Wealth Management purchased a new stake in Spire during the fourth quarter valued at about $35,000. Headlands Technologies LLC acquired a new position in shares of Spire in the second quarter worth about $38,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Spire in the fourth quarter worth about $43,000. 87.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Paul D. Koonce acquired 500 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average price of $78.46 per share, for a total transaction of $39,230.00. Following the completion of the acquisition, the director owned 8,000 shares of the company's stock, valued at approximately $627,680. This represents a 6.67% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ryan L. Hyman sold 3,822 shares of the firm's stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $80.51, for a total transaction of $307,709.22. Following the transaction, the senior vice president directly owned 14,295 shares in the company, valued at approximately $1,150,890.45. The trade was a 21.10% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.26% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SR. Wall Street Zen raised shares of Spire from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $85.00 price objective (up from $84.00) on shares of Spire in a research note on Friday, June 26th. UBS Group lowered their price objective on shares of Spire from $106.00 to $103.00 and set a "buy" rating on the stock in a research report on Friday, May 8th. Morgan Stanley cut their target price on shares of Spire from $96.00 to $91.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, BTIG Research set a $101.00 target price on shares of Spire in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.00.

Spire Trading Down 2.8%

Spire stock opened at $80.97 on Friday. Spire Inc. has a 12 month low of $73.91 and a 12 month high of $95.31. The company has a quick ratio of 0.27, a current ratio of 0.37 and a debt-to-equity ratio of 1.61. The stock has a market cap of $4.79 billion, a P/E ratio of 9.03, a P/E/G ratio of 1.80 and a beta of 0.52. The company's fifty day simple moving average is $80.59 and its 200-day simple moving average is $85.83.

Spire (NYSE:SR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.06. Spire had a return on equity of 8.65% and a net margin of 21.48%.The business had revenue of $420.20 million during the quarter, compared to analyst estimates of $394.62 million. During the same period last year, the company earned $0.01 earnings per share. Spire's quarterly revenue was up 19.2% compared to the same quarter last year. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. As a group, sell-side analysts forecast that Spire Inc. will post 4.01 EPS for the current fiscal year.

Spire Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, September 11th. Spire's payout ratio is currently 36.79%.

Spire Company Profile

Spire Inc NYSE: SR, formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire's service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.

Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.

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