Moloney Securities Asset Management LLC acquired a new stake in shares of Spire Inc. (NYSE:SR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,062 shares of the utilities provider's stock, valued at approximately $318,000.
A number of other institutional investors also recently added to or reduced their stakes in SR. Lee Danner & Bass Inc. purchased a new stake in Spire in the fourth quarter valued at about $32,000. State of Wyoming purchased a new stake in Spire in the fourth quarter valued at about $52,000. GAMMA Investing LLC raised its stake in Spire by 66.0% in the first quarter. GAMMA Investing LLC now owns 727 shares of the utilities provider's stock valued at $57,000 after buying an additional 289 shares during the last quarter. Golden State Wealth Management LLC raised its stake in Spire by 103.8% in the first quarter. Golden State Wealth Management LLC now owns 803 shares of the utilities provider's stock valued at $63,000 after buying an additional 409 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in Spire in the fourth quarter valued at about $68,000. Institutional investors own 87.36% of the company's stock.
Spire Stock Performance
SR stock traded down $0.13 during trading on Friday, hitting $74.43. 502,377 shares of the company traded hands, compared to its average volume of 409,318. The stock's 50-day simple moving average is $73.84 and its 200 day simple moving average is $73.69. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.43 and a quick ratio of 0.34. The company has a market cap of $4.39 billion, a PE ratio of 18.33, a P/E/G ratio of 2.53 and a beta of 0.62. Spire Inc. has a 1 year low of $61.56 and a 1 year high of $79.81.
Spire (NYSE:SR - Get Free Report) last announced its quarterly 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). Spire had a net margin of 10.22% and a return on equity of 8.49%. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the business posted $3.45 earnings per share. The firm's revenue was down 6.8% compared to the same quarter last year. On average, equities analysts expect that Spire Inc. will post 4.5 earnings per share for the current fiscal year.
Spire Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Friday, April 11th were issued a $0.785 dividend. This represents a $3.14 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend was Wednesday, June 11th. Spire's payout ratio is currently 77.34%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on SR. Morgan Stanley reiterated an "underperform" rating on shares of Spire in a research note on Wednesday, June 18th. JPMorgan Chase & Co. reduced their price objective on Spire from $85.00 to $83.00 and set an "overweight" rating for the company in a research note on Wednesday, May 28th. Guggenheim raised their price objective on Spire from $67.00 to $72.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. LADENBURG THALM/SH SH upgraded Spire to a "strong-buy" rating in a research note on Friday, May 9th. Finally, Wells Fargo & Company raised their price objective on Spire from $75.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $77.40.
Get Our Latest Stock Report on Spire
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.
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