Burney Co. Acquires Shares of 3,441 Spire Inc. (NYSE:SR)

Key Points

• Burney Co. acquired 3,441 shares of Spire Inc., valued at approximately $269,000, in its first-quarter filing with the SEC.
• Spire's recent earnings report showed earnings per share of $3.60, which missed the analyst consensus estimate of $3.70, and a 6.8% decrease in revenue year-over-year.
• Analysts have set a consensus price target of $78.60 for Spire, with a mix of ratings including one strong buy, three buys, six holds, and one sell.

Burney Co. bought a new position in shares of Spire Inc. (NYSE:SR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,441 shares of the utilities provider's stock, valued at approximately $269,000.

Several other hedge funds have also made changes to their positions in the business. State of Wyoming acquired a new stake in Spire during the 4th quarter worth approximately $52,000. GAMMA Investing LLC lifted its holdings in shares of Spire by 66.0% during the first quarter. GAMMA Investing LLC now owns 727 shares of the utilities provider's stock worth $57,000 after purchasing an additional 289 shares during the period. Golden State Wealth Management LLC grew its position in Spire by 103.8% in the 1st 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. Physician Wealth Advisors Inc. purchased a new position in Spire during the 4th quarter worth $68,000. Finally, Signaturefd LLC raised its position in Spire by 21.7% during the 1st quarter. Signaturefd LLC now owns 914 shares of the utilities provider's stock worth $72,000 after buying an additional 163 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company's stock.

Spire Stock Performance

SR opened at $76.42 on Friday. Spire Inc. has a 1-year low of $61.56 and a 1-year high of $79.81. The stock has a market cap of $4.51 billion, a P/E ratio of 18.82, a P/E/G ratio of 2.60 and a beta of 0.62. The stock's 50 day simple moving average is $74.30 and its 200 day simple moving average is $74.35. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.43 and a quick ratio of 0.34.

Spire (NYSE:SR - Get Free Report) last posted 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). Spire had a net margin of 10.22% and a return on equity of 8.49%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company posted $3.45 EPS. The firm's revenue for the quarter was down 6.8% on a year-over-year basis. As a group, equities analysts anticipate that Spire Inc. will post 4.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Spire from $85.00 to $83.00 and set an "overweight" rating on the stock in a report on Wednesday, May 28th. Stifel Nicolaus set a $81.00 price objective on Spire and gave the company a "hold" rating in a report on Tuesday, July 15th. Guggenheim boosted their target price on Spire from $67.00 to $72.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Wells Fargo & Company raised their price target on Spire from $75.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Finally, LADENBURG THALM/SH SH upgraded Spire to a "strong-buy" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $78.60.

Spire Company 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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