Nisa Investment Advisors LLC reduced its position in Spire Inc. (NYSE:SR - Free Report) by 30.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,875 shares of the utilities provider's stock after selling 3,507 shares during the period. Nisa Investment Advisors LLC's holdings in Spire were worth $622,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Lee Danner & Bass Inc. bought a new stake in shares of Spire during the fourth quarter valued at about $32,000. State of Wyoming bought a new stake in shares of Spire during the fourth quarter valued at about $52,000. GAMMA Investing LLC increased its position in shares of 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. Golden State Wealth Management LLC increased its position in shares of 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, Physician Wealth Advisors Inc. bought a new stake in shares of Spire during the fourth quarter valued at about $68,000. 87.36% of the stock is currently owned by institutional investors.
Spire Stock Down 0.1%
Shares of SR stock traded down $0.10 during mid-day trading on Friday, hitting $75.31. The stock had a trading volume of 347,382 shares, compared to its average volume of 412,653. Spire Inc. has a 12-month low of $61.56 and a 12-month high of $79.81. The firm's 50-day moving average is $73.83 and its two-hundred day moving average is $73.98. The firm has a market capitalization of $4.44 billion, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 2.56 and a beta of 0.62. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.43 and a quick ratio of 0.34.
Spire (NYSE:SR - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $3.60 EPS for the quarter, missing analysts' consensus estimates of $3.70 by ($0.10). Spire had a net margin of 10.22% and a return on equity of 8.49%. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter last year, the business posted $3.45 earnings per share. The company's quarterly revenue was down 6.8% compared to the same quarter last year. On average, analysts predict that Spire Inc. will post 4.5 earnings per share for the current fiscal year.
Spire Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, April 11th were paid a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Wednesday, June 11th. Spire's dividend payout ratio is presently 77.34%.
Wall Street Analysts Forecast Growth
SR has been the subject of several analyst reports. LADENBURG THALM/SH SH upgraded Spire to a "strong-buy" rating in a report on Friday, May 9th. Wells Fargo & Company boosted their price target on 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 research note on Wednesday, June 18th. JPMorgan Chase & Co. cut their price objective on Spire from $85.00 to $83.00 and set an "overweight" rating for the company in a research note on Wednesday, May 28th. Finally, Guggenheim boosted their price objective on Spire from $67.00 to $72.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Spire has an average rating of "Hold" and a consensus price target of $78.60.
View Our Latest Stock Analysis on SR
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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