Natixis Advisors LLC purchased a new position in Spire Inc. (NYSE:SR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 157,881 shares of the utilities provider's stock, valued at approximately $12,354,000. Natixis Advisors LLC owned about 0.27% of Spire at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cornerstone Wealth Management LLC raised its holdings in Spire by 1.7% during the 1st quarter. Cornerstone Wealth Management LLC now owns 7,870 shares of the utilities provider's stock worth $616,000 after buying an additional 133 shares during the period. UMB Bank n.a. increased its position in shares of Spire by 3.2% in the first quarter. UMB Bank n.a. now owns 4,915 shares of the utilities provider's stock worth $385,000 after acquiring an additional 151 shares in the last quarter. Signaturefd LLC raised its holdings in shares of 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 acquiring an additional 163 shares during the period. Mackenzie Financial Corp lifted its position in shares of Spire by 5.5% in the 1st quarter. Mackenzie Financial Corp now owns 3,672 shares of the utilities provider's stock valued at $287,000 after acquiring an additional 193 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of Spire by 2.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 9,050 shares of the utilities provider's stock valued at $614,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company's stock.
Spire Stock Performance
SR traded down $0.86 during midday trading on Tuesday, reaching $75.05. The company's stock had a trading volume of 856,551 shares, compared to its average volume of 570,166. The company has a current ratio of 0.43, a quick ratio of 0.34 and a debt-to-equity ratio of 1.03. The stock has a market cap of $4.43 billion, a P/E ratio of 18.49, a PEG ratio of 2.37 and a beta of 0.66. The company has a fifty day simple moving average of $74.31 and a 200 day simple moving average of $74.70. Spire Inc. has a twelve month low of $61.56 and a twelve month high of $79.81.
Spire (NYSE:SR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.10. The business had revenue of $421.90 million during the quarter, compared to analyst estimates of $417.27 million. Spire had a return on equity of 8.49% and a net margin of 10.22%. Spire's revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.14) earnings per share. Research analysts expect that Spire Inc. will post 4.5 earnings per share for the current year.
Spire Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a dividend of $0.785 per share. 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 77.34%.
Wall Street Analyst Weigh In
SR has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of Spire from $75.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Morgan Stanley reiterated an "underperform" rating on shares of Spire in a report on Wednesday, June 18th. Stifel Nicolaus set a $81.00 price objective on Spire and gave the stock a "hold" rating in a research note on Tuesday, July 15th. LADENBURG THALM/SH SH raised Spire to a "strong-buy" rating in a research note on Friday, May 9th. Finally, Wall Street Zen upgraded shares of Spire from a "sell" rating to a "hold" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Spire has an average rating of "Hold" and a consensus target price of $78.60.
Read Our Latest Research Report on Spire
About Spire
(
Free Report)
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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