Deutsche Bank AG Acquires 3,510 Shares of 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 lifted its stake in Spire Inc. (NYSE:SR - Free Report) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,865 shares of the utilities provider's stock after acquiring an additional 3,510 shares during the period. Deutsche Bank AG owned 0.16% of Spire worth $7,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. State of Wyoming acquired a new stake in Spire during the fourth quarter valued at approximately $52,000. Bayforest Capital Ltd lifted its stake in Spire by 2,648.0% during the first quarter. Bayforest Capital Ltd now owns 687 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 662 shares during the last quarter. GAMMA Investing LLC lifted its stake in Spire by 66.0% during the first quarter. GAMMA Investing LLC now owns 727 shares of the utilities provider's stock valued at $57,000 after purchasing an additional 289 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in Spire by 103.8% during the first quarter. Golden State Wealth Management LLC now owns 803 shares of the utilities provider's stock valued at $63,000 after purchasing an additional 409 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Spire by 21.7% during the first quarter. Signaturefd LLC now owns 914 shares of the utilities provider's stock valued at $72,000 after purchasing an additional 163 shares during the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Spire Stock Up 0.6%

Spire stock traded up $0.43 during trading hours on Wednesday, hitting $76.06. The company had a trading volume of 347,909 shares, compared to its average volume of 572,475. The firm has a market capitalization of $4.49 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 2.47 and a beta of 0.66. 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 firm's fifty day moving average is $74.74 and its 200-day moving average is $75.09. 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 quarterly earnings data 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 firm had revenue of $421.90 million for the quarter, compared to analyst estimates of $417.27 million. Spire had a net margin of 11.56% and a return on equity of 8.66%. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) EPS. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. On average, research analysts forecast that Spire Inc. will post 4.5 earnings per share for the current year.

Spire Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.785 dividend. This represents a $3.14 annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, September 11th. Spire's dividend payout ratio is currently 67.82%.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of 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 target price on shares of Spire and gave the company a "hold" rating in a research note on Tuesday, July 15th. Morgan Stanley reissued an "underperform" rating on shares of Spire in a research note on Wednesday, June 18th. Bank of America reissued an "underperform" rating and set a $76.00 target price (down from $81.00) on shares of Spire in a research note on Friday, August 15th. Finally, LADENBURG THALM/SH SH upgraded shares of Spire to a "strong-buy" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $79.20.

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.