Deutsche Bank AG Boosts Position in Spire Inc. $SR

Key Points

• Deutsche Bank AG increased its stake in Spire Inc. by 3.9%, holding 92,865 shares valued at approximately $7.27 million as of the latest SEC filing.
• Spire Inc. announced a quarterly dividend of $0.785 per share, reflecting a 4.1% yield, with the payment scheduled for October 2nd to shareholders on record as of September 11th.
• Analyst ratings for Spire are mixed, with a current consensus rating of "Hold" and a target price averaging $79.20, highlighting differing perspectives among investment firms.

Deutsche Bank AG increased its holdings in shares of Spire Inc. (NYSE:SR - Free Report) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,865 shares of the utilities provider's stock after buying an additional 3,510 shares during the period. Deutsche Bank AG owned about 0.16% of Spire worth $7,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SR. State of Wyoming purchased a new position in shares of Spire during the 4th quarter valued at approximately $52,000. Bayforest Capital Ltd lifted its position in shares of Spire by 2,648.0% during the 1st quarter. Bayforest Capital Ltd now owns 687 shares of the utilities provider's stock valued at $54,000 after buying an additional 662 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Spire by 66.0% during the 1st quarter. GAMMA Investing LLC now owns 727 shares of the utilities provider's stock valued at $57,000 after buying an additional 289 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Spire by 103.8% during 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 in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Spire by 21.7% during the 1st quarter. Signaturefd LLC now owns 914 shares of the utilities provider's stock valued at $72,000 after buying an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 87.36% of the company's stock.

Spire Trading Up 0.2%

Shares of NYSE:SR traded up $0.16 during midday trading on Tuesday, reaching $75.36. 219,189 shares of the company's stock were exchanged, compared to its average volume of 456,678. The firm's 50 day simple moving average is $74.66 and its two-hundred day simple moving average is $75.08. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.37 and a quick ratio of 0.27. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 2.36 and a beta of 0.66. Spire Inc. has a fifty-two week low of $61.56 and a fifty-two week high of $79.81.

Spire (NYSE:SR - Get Free Report) last released its earnings results on Tuesday, August 5th. The utilities provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.10. The company had revenue of $421.90 million during the quarter, compared to the consensus estimate of $417.27 million. Spire had a return on equity of 8.66% and a net margin of 11.56%.Spire's revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.14) EPS. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. As a group, sell-side analysts forecast that Spire Inc. will post 4.5 EPS for the current fiscal year.

Spire Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.785 dividend. The ex-dividend date is Thursday, September 11th. This represents a $3.14 dividend on an annualized basis and a yield of 4.2%. Spire's payout ratio is currently 67.82%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SR. Morgan Stanley reissued 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. Stifel Nicolaus set a $81.00 price objective on Spire and gave the company a "hold" rating in a research note on Tuesday, July 15th. Wells Fargo & Company raised their target price on Spire from $75.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Finally, Bank of America reaffirmed an "underperform" rating and issued a $76.00 target price (down from $81.00) on shares of Spire in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $79.20.

Spire 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.