Amundi Grows Stake in Spire Inc. $SR

Key Points

• Amundi increased its Spire stake by 142.1% in the second quarter, bringing its holdings to 25,720 shares valued at approximately $2.0 million. Institutional investors collectively own 87.36% of Spire.
• Analysts maintain a generally positive outlook, with Spire receiving a consensus rating of “Moderate Buy” and an average price target of $94.00, compared with shares recently opening at $80.33.
• Spire reported quarterly revenue of $420.2 million and adjusted EPS of ($0.26), beating estimates, while revenue rose 19.2% year over year. The company also declared a quarterly dividend of $0.825, equivalent to a 4.1% annualized yield.

Amundi increased its holdings in Spire Inc. (NYSE:SR - Free Report) by 142.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,720 shares of the utilities provider's stock after buying an additional 15,096 shares during the period. Amundi's holdings in Spire were worth $2,008,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Spire in the 2nd quarter worth approximately $667,642,000. California State Teachers Retirement System raised its position in shares of Spire by 7,941.4% in the 2nd quarter. California State Teachers Retirement System now owns 5,346,822 shares of the utilities provider's stock worth $417,533,000 after purchasing an additional 5,280,331 shares during the last quarter. State Street Corp boosted its stake in Spire by 1.9% during the 2nd quarter. State Street Corp now owns 3,351,641 shares of the utilities provider's stock valued at $247,162,000 after purchasing an additional 61,851 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Spire by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 1,579,856 shares of the utilities provider's stock worth $130,672,000 after acquiring an additional 47,106 shares during the period. Finally, Captrust Financial Advisors increased its position in shares of Spire by 1.7% during the 4th quarter. Captrust Financial Advisors now owns 1,240,395 shares of the utilities provider's stock valued at $102,581,000 after purchasing an additional 20,224 shares during the last quarter. Institutional investors own 87.36% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SR shares. Mizuho began coverage on shares of Spire in a research report on Tuesday, July 7th. They issued an "outperform" rating and a $88.00 price objective for the company. Morgan Stanley lowered their price target on Spire from $96.00 to $91.00 and set an "overweight" rating for the company in a research report on Friday, August 21st. Wolfe Research initiated coverage on Spire in a research report on Tuesday, May 26th. They set a "peer perform" rating for the company. BTIG Research set a $101.00 price objective on Spire in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $85.00 price target (up from $84.00) on shares of Spire in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Spire has a consensus rating of "Moderate Buy" and a consensus target price of $94.00.

Spire Price Performance

Shares of SR stock opened at $80.33 on Monday. The firm has a fifty day simple moving average of $81.81 and a 200-day simple moving average of $85.22. The company has a market capitalization of $4.75 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 1.79 and a beta of 0.54. Spire Inc. has a twelve month low of $74.81 and a twelve month high of $95.31. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 1.61.

Spire (NYSE:SR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.32) by $0.06. Spire had a net margin of 21.48% and a return on equity of 8.65%. The firm had revenue of $420.20 million for the quarter, compared to the consensus estimate of $394.62 million. During the same period in the prior year, the firm posted $0.01 EPS. The firm's 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. Equities research analysts anticipate that Spire Inc. will post 4.01 earnings per share for the current fiscal year.

Spire Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 11th. Spire's dividend payout ratio (DPR) is 36.79%.

Spire Profile

Spire Inc is an energy company headquartered in St. Louis, Missouri. Through its regulated utility operations, the company distributes natural gas to residential, commercial and industrial customers in Missouri and Alabama, serving communities through local natural gas infrastructure and related customer services.

Spire also operates businesses involved in natural gas marketing, storage and pipeline transportation. These operations support the company's utility activities and provide natural gas supply, logistics and infrastructure services to utilities, commercial and industrial customers, and other market participants.

The company traces its history to 1857, when it was established as Laclede Gas Company.

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