Spire Inc. $SR Shares Bought by Jump Financial LLC

Key Points

• Jump Financial LLC increased its holdings in Spire Inc. by 71.7% during the 1st quarter, now owning 36,288 shares valued at approximately $2.84 million.
• Spire reported $0.01 EPS for the last quarter, surpassing analysts' expectations, with a revenue of $421.9 million, reflecting a 1.9% increase year-over-year.
• The company declared a quarterly dividend of $0.785 per share, with an annualized yield of 4.1%, payable on October 2nd to shareholders of record.

Jump Financial LLC boosted its holdings in shares of Spire Inc. (NYSE:SR - Free Report) by 71.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,288 shares of the utilities provider's stock after buying an additional 15,153 shares during the quarter. Jump Financial LLC owned approximately 0.06% of Spire worth $2,840,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bayforest Capital Ltd increased its holdings 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 buying an additional 662 shares during the period. GAMMA Investing LLC increased its holdings 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 buying an additional 289 shares during the period. State of Wyoming purchased a new position in Spire during the fourth quarter valued at approximately $52,000. Golden State Wealth Management LLC increased its holdings 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 buying an additional 409 shares during the period. Finally, Signaturefd LLC increased its holdings 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 buying an additional 163 shares during the period. 87.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SR. 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. JPMorgan Chase & Co. cut their price target on shares of Spire from $85.00 to $83.00 and set an "overweight" rating on the stock in a report on Wednesday, May 28th. Stifel Nicolaus set a $81.00 price target on shares of Spire and gave the stock a "hold" rating in a report on Tuesday, July 15th. Wall Street Zen raised shares of Spire from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Finally, LADENBURG THALM/SH SH raised shares of Spire to a "strong-buy" rating in a report on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $79.20.

Spire Stock Performance

Shares of NYSE:SR traded up $0.33 on Friday, hitting $76.65. 317,580 shares of the company were exchanged, compared to its average volume of 471,800. Spire Inc. has a 1-year low of $61.56 and a 1-year high of $79.81. The stock's 50 day moving average price is $75.33 and its 200 day moving average price is $75.35. 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 firm has a market capitalization of $4.52 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 2.50 and a beta of 0.66.

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

Spire Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.785 per share. The ex-dividend date is Thursday, September 11th. This represents a $3.14 dividend on an annualized basis and a yield of 4.1%. Spire's payout ratio is currently 67.82%.

About Spire

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.