Dynamic Technology Lab Private Ltd Purchases Shares of 6,810 Spire Inc. $SR

Key Points

• Dynamic Technology Lab Private Ltd acquired 6,810 shares of Spire Inc., valued at approximately $533,000, marking a new investment in the utilities provider.
• Multiple institutional investors, including Cetera Investment Advisers and EP Wealth Advisors LLC, have recently increased their stakes in Spire, indicating growing institutional confidence.
• Spire announced a quarterly dividend of $0.785, representing a 4.1% yield, to be paid on October 2nd to investors of record on September 11th.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Spire Inc. (NYSE:SR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,810 shares of the utilities provider's stock, valued at approximately $533,000.

Several other institutional investors also recently modified their holdings of the stock. Cetera Investment Advisers lifted its position in Spire by 8.7% during the fourth quarter. Cetera Investment Advisers now owns 8,151 shares of the utilities provider's stock valued at $553,000 after purchasing an additional 655 shares during the last quarter. EP Wealth Advisors LLC raised its position in shares of Spire by 21.4% during the 4th quarter. EP Wealth Advisors LLC now owns 3,970 shares of the utilities provider's stock valued at $269,000 after buying an additional 701 shares in the last quarter. Deutsche Bank AG raised its position in shares of Spire by 21.4% during the 4th quarter. Deutsche Bank AG now owns 89,355 shares of the utilities provider's stock valued at $6,061,000 after buying an additional 15,769 shares in the last quarter. Ethic Inc. lifted its holdings in shares of Spire by 55.9% during the 4th quarter. Ethic Inc. now owns 9,622 shares of the utilities provider's stock worth $653,000 after acquiring an additional 3,449 shares during the last quarter. Finally, Gotham Asset Management LLC grew its position in Spire by 45.3% in the fourth quarter. Gotham Asset Management LLC now owns 4,558 shares of the utilities provider's stock worth $309,000 after acquiring an additional 1,422 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley restated an "underperform" rating on shares of Spire in a research report on Wednesday, June 18th. Bank of America reissued an "underperform" rating and set a $76.00 price objective (down from $81.00) on shares of Spire in a report on Friday, August 15th. Stifel Nicolaus set a $81.00 target price on Spire and gave the stock a "hold" rating in a research report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. cut their target price on Spire from $85.00 to $83.00 and set an "overweight" rating for the company in a research note on Wednesday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Spire presently has an average rating of "Hold" and a consensus price target of $79.20.

Spire Stock Up 0.6%

SR opened at $76.28 on Thursday. Spire Inc. has a 12 month low of $61.56 and a 12 month high of $79.81. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 1.08. The business's 50-day moving average price is $75.66 and its 200-day moving average price is $75.42. The company has a market cap of $4.50 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.47 and a beta of 0.70.

Spire (NYSE:SR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.10. The business had revenue of $421.90 million for the quarter, compared to analyst estimates of $417.27 million. Spire had a return on equity of 8.66% and a net margin of 11.56%.Spire's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company earned ($0.14) EPS. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. On average, equities analysts expect that Spire Inc. will post 4.5 EPS for the current year.

Spire Dividend Announcement

The company also recently announced 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. This represents a $3.14 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, September 11th. Spire's payout ratio is presently 67.82%.

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.

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