Principal Financial Group Inc. raised its holdings in shares of Spire Inc. (NYSE:SR - Free Report) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,950 shares of the utilities provider's stock after acquiring an additional 4,576 shares during the quarter. Principal Financial Group Inc. owned about 0.30% of Spire worth $13,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Wealth Management LLC grew 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 valued at $616,000 after buying an additional 133 shares in the last quarter. UMB Bank n.a. grew its holdings in Spire by 3.2% during the 1st quarter. UMB Bank n.a. now owns 4,915 shares of the utilities provider's stock valued at $385,000 after buying an additional 151 shares in the last quarter. Blair William & Co. IL grew its holdings in Spire by 2.6% during the 4th quarter. Blair William & Co. IL now owns 6,027 shares of the utilities provider's stock valued at $409,000 after buying an additional 152 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in Spire by 2.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 9,050 shares of the utilities provider's stock valued at $614,000 after buying an additional 200 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Spire by 20.5% during the 1st quarter. Blue Trust Inc. now owns 1,305 shares of the utilities provider's stock valued at $102,000 after buying an additional 222 shares in the last quarter. Institutional investors own 87.36% of the company's stock.
Spire Trading Up 1.7%
Shares of Spire stock traded up $1.30 during trading on Monday, reaching $75.74. 66,849 shares of the stock were exchanged, compared to its average volume of 408,224. The company has a quick ratio of 0.34, a current ratio of 0.43 and a debt-to-equity ratio of 1.03. The stock's fifty day moving average is $73.84 and its 200 day moving average is $73.78. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 2.53 and a beta of 0.62. 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 posted its earnings results on Wednesday, April 30th. The utilities provider reported $3.60 earnings per share for the quarter, missing analysts' consensus estimates of $3.70 by ($0.10). The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.15 billion. Spire had a return on equity of 8.49% and a net margin of 10.22%. The business's revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.45 earnings per share. As a group, equities research analysts expect that Spire Inc. will post 4.5 earnings per share for the current fiscal year.
Spire Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, April 11th were issued a dividend of $0.785 per share. The ex-dividend date was Wednesday, June 11th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 4.15%. Spire's dividend payout ratio is presently 77.34%.
Analyst Ratings Changes
A number of research firms have weighed in on SR. Wall Street Zen raised Spire from a "sell" rating to a "hold" rating in a report on Friday, May 9th. 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 report on Wednesday, May 28th. Wells Fargo & Company upped their target price on shares of Spire from $75.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Morgan Stanley reaffirmed an "underperform" rating on shares of Spire in a research note on Wednesday, June 18th. Finally, LADENBURG THALM/SH SH raised Spire to a "strong-buy" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $77.40.
Read Our Latest Stock Report 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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