Dynamic Technology Lab Private Ltd Takes $533,000 Position in 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 bought a new stake in Spire Inc. (NYSE:SR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,810 shares of the utilities provider's stock, valued at approximately $533,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Spire in the first quarter valued at about $50,000. Bayforest Capital Ltd lifted its stake in shares of Spire by 2,648.0% in 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 period. GAMMA Investing LLC lifted its stake in shares of Spire by 66.0% in 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 period. State of Wyoming acquired a new stake in shares of Spire in the fourth quarter valued at about $52,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of Spire by 103.8% in 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 period. Institutional investors and hedge funds own 87.36% of the company's stock.

Spire Price Performance

SR traded down $1.18 during midday trading on Tuesday, reaching $75.01. 403,962 shares of the company's stock were exchanged, compared to its average volume of 391,940. 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 capitalization of $4.43 billion, a PE ratio of 16.20, a P/E/G ratio of 2.48 and a beta of 0.70. The business's 50-day moving average price is $75.81 and its 200 day moving average price is $75.41. Spire Inc. has a 1-year low of $61.56 and a 1-year high of $79.81.

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

Spire Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently commented on SR shares. Morgan Stanley reiterated an "underperform" rating on shares of Spire in a research note on Wednesday, June 18th. JPMorgan Chase & Co. reduced their price objective 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. Bank of America reiterated an "underperform" rating and issued a $76.00 price objective (down previously from $81.00) on shares of Spire in a research note on Friday, August 15th. Finally, Stifel Nicolaus set a $81.00 target price on shares of Spire and gave the stock a "hold" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Spire currently has a consensus rating of "Hold" and a consensus 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.