Corient Private Wealth LP Sells 20,718 Shares of Spire Inc. $SR

Key Points

• Corient Private Wealth sharply reduced its Spire stake by selling 20,718 shares, an 87.6% decrease, leaving it with 2,922 shares valued at approximately $228,000.
• Institutional ownership remains high at 87.36%, with several major investors—including BlackRock, Bank of New York Mellon, and Norges Bank—initiating or increasing positions.
• Analysts maintain a generally positive outlook, with Spire carrying a consensus “Moderate Buy” rating and a $92.50 target price versus a recent share price of $77.46. The company also pays a quarterly dividend of $0.825, representing a 4.3% annualized yield.

Corient Private Wealth LP lessened its stake in shares of Spire Inc. (NYSE:SR - Free Report) by 87.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,922 shares of the utilities provider's stock after selling 20,718 shares during the period. Corient Private Wealth LP's holdings in Spire were worth $228,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Spire during the 2nd quarter worth approximately $667,642,000. Captrust Financial Advisors increased its holdings in shares of Spire by 1.7% in the fourth 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. Wellington Management Group LLP raised its position in shares of Spire by 1.4% in the second quarter. Wellington Management Group LLP now owns 667,616 shares of the utilities provider's stock valued at $52,134,000 after purchasing an additional 8,927 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Spire in the second quarter valued at about $45,993,000. Finally, Norges Bank acquired a new stake in shares of Spire during the 4th quarter worth about $46,226,000. Institutional investors and hedge funds own 87.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SR. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $85.00 target price (up from $84.00) on shares of Spire in a research note on Friday, June 26th. Weiss Ratings lowered Spire from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 25th. Morgan Stanley decreased their price objective on Spire from $91.00 to $88.00 and set an "overweight" rating on the stock in a report on Friday, September 18th. BTIG Research reiterated a "buy" rating and set a $102.00 price objective on shares of Spire in a research report on Monday, September 21st. Finally, Mizuho began coverage on shares of Spire in a research report on Tuesday, July 7th. They issued an "outperform" rating and a $88.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.50.

Spire Price Performance

Shares of NYSE SR opened at $77.46 on Tuesday. The firm has a market capitalization of $4.58 billion, a P/E ratio of 8.64, a P/E/G ratio of 1.26 and a beta of 0.52. The firm's 50-day moving average price is $80.86 and its 200-day moving average price is $83.74. 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 Inc. has a 1-year low of $74.84 and a 1-year high of $95.31.

Spire (NYSE:SR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($0.26) EPS for the quarter, topping analysts' consensus estimates of ($0.32) by $0.06. The firm had revenue of $420.20 million during the quarter, compared to analyst estimates of $394.62 million. Spire had a return on equity of 8.65% and a net margin of 21.48%.The company's revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 EPS. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. Equities research analysts anticipate that Spire Inc. will post 4 earnings per share for the current fiscal year.

Spire Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were given a $0.8250 dividend. The ex-dividend date was Friday, September 11th. This represents a $3.30 annualized dividend and a dividend yield of 4.3%. Spire's payout ratio is 36.79%.

Spire Company Profile

Spire Inc is a diversified natural gas 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.

Spire's business includes natural gas distribution, gas storage and transportation, and related energy services. Its operations also include natural gas marketing and midstream activities, which support the delivery and management of natural gas for utility and other customers.

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

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