Greenland Capital Management LP Boosts Stock Position in Spire Inc. $SR

Key Points

• Greenland Capital Management increased its Spire stake by 482.5% in the second quarter, ending with 32,910 shares valued at approximately $2.57 million. Institutional investors collectively own 87.36% of Spire.
• Spire’s latest quarterly results exceeded expectations, with a loss of $0.26 per share versus the forecasted $0.32 loss and revenue of $420.2 million, up 19.2% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average $94 price target.
• Spire declared a quarterly dividend of $0.825 per share, equivalent to an annualized $3.30 dividend and a 4.0% yield. The company’s shares recently traded near $82.59, while insider ownership remains limited at 2.26%.

Greenland Capital Management LP boosted its stake in shares of Spire Inc. (NYSE:SR - Free Report) by 482.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,910 shares of the utilities provider's stock after buying an additional 27,260 shares during the period. Greenland Capital Management LP owned approximately 0.06% of Spire worth $2,570,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SR. Los Angeles Capital Management LLC purchased a new stake in shares of Spire in the fourth quarter worth $25,000. MV Capital Management Inc. bought a new position in shares of Spire during the fourth quarter valued at $33,000. SHP Wealth Management purchased a new position in shares of Spire in the 4th quarter worth about $35,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Spire in the 1st quarter worth about $43,000. Finally, Smartleaf Asset Management LLC boosted its stake in Spire by 40.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 519 shares of the utilities provider's stock worth $43,000 after purchasing an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 87.36% of the company's stock.

Insiders Place Their Bets

In other Spire news, SVP Ryan Hyman sold 3,822 shares of the firm's stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $80.51, for a total value of $307,709.22. Following the transaction, the senior vice president directly owned 14,295 shares of the company's stock, valued at approximately $1,150,890.45. This trade represents a 21.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul Koonce purchased 500 shares of the business's stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $78.46 per share, with a total value of $39,230.00. Following the completion of the purchase, the director owned 8,000 shares in the company, valued at approximately $627,680. This trade represents a 6.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SR has been the topic of several recent analyst reports. Weiss Ratings raised shares of Spire from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 24th. Wolfe Research assumed coverage on shares of Spire in a report on Tuesday, May 26th. They set a "peer perform" rating on the stock. BTIG Research set a $101.00 price target on shares of Spire in a research report on Thursday, July 23rd. Wall Street Zen raised Spire from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 8th. Finally, Morgan Stanley cut their target price on Spire from $96.00 to $91.00 and set an "overweight" rating on the stock in a research note on Friday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $94.00.

Spire Trading Down 0.1%

Shares of SR stock opened at $82.59 on Monday. Spire Inc. has a 12-month low of $74.49 and a 12-month high of $95.31. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 1.61. The firm's 50 day moving average is $81.51 and its 200 day moving average is $85.51. The stock has a market capitalization of $4.88 billion, a P/E ratio of 9.21, a P/E/G ratio of 1.84 and a beta of 0.54.

Spire (NYSE:SR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $0.06. The business had revenue of $420.20 million during the quarter, compared to analyst estimates of $394.62 million. Spire had a net margin of 21.48% and a return on equity of 8.65%. The company's quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 EPS. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. Research analysts expect that Spire Inc. will post 4.01 earnings per share for the current year.

Spire Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, September 11th. Spire's dividend payout ratio is 36.79%.

Spire News Summary

Here are the key news stories impacting Spire this week:

• Positive Sentiment: Zacks Research raised its EPS forecasts for Spire’s fourth quarter of fiscal 2026 to a loss of $0.98 from a loss of $1.00, for fiscal 2027 to $5.49 from $5.47, for the second quarter of fiscal 2027 to $4.07 from $4.06, and for the first quarter of fiscal 2028 to $2.10 from $2.06. These increases suggest modestly improved expectations for earnings and could support investor sentiment. Spire analyst estimate updates
• Positive Sentiment: Analysts also lifted their fiscal 2028 EPS forecast to $6.11 from $6.07, reinforcing expectations for continued earnings growth beyond the current year. The current consensus forecast is $4.01 per share for fiscal 2026.
• Positive Sentiment: Spire’s most recent quarterly results exceeded expectations: the company reported a loss of $0.26 per share versus the projected loss of $0.32, while revenue of $420.2 million surpassed the $394.6 million consensus estimate. Revenue increased 19.2% year over year. Why Is Spire Up Since Last Earnings Report?
• Negative Sentiment: Zacks trimmed its second-quarter fiscal 2028 EPS estimate to $4.26 from $4.27 and its third-quarter fiscal 2028 estimate to $0.18 from $0.19. The changes are small, but they indicate that some future-period expectations have softened.

Spire Profile

Spire Inc NYSE: SR, formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire's service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.

Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.

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