Regent Peak Wealth Advisors LLC Trims Position in Spire Inc. (NYSE:SR)

Regent Peak Wealth Advisors LLC decreased its position in shares of Spire Inc. (NYSE:SR - Free Report) by 35.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 90,243 shares of the utilities provider's stock after selling 49,482 shares during the period. Spire accounts for approximately 1.6% of Regent Peak Wealth Advisors LLC's portfolio, making the stock its 19th largest holding. Regent Peak Wealth Advisors LLC owned approximately 0.15% of Spire worth $7,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blair William & Co. IL increased its position in Spire by 2.6% during the fourth quarter. Blair William & Co. IL now owns 6,027 shares of the utilities provider's stock worth $409,000 after purchasing an additional 152 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Spire by 2.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 9,050 shares of the utilities provider's stock worth $614,000 after purchasing an additional 200 shares during the last quarter. iSAM Funds UK Ltd increased its position in Spire by 2.5% during the fourth quarter. iSAM Funds UK Ltd now owns 9,798 shares of the utilities provider's stock worth $665,000 after purchasing an additional 239 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Spire by 11.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,308 shares of the utilities provider's stock worth $157,000 after purchasing an additional 241 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Spire by 26.5% during the fourth quarter. Blue Trust Inc. now owns 1,337 shares of the utilities provider's stock worth $90,000 after purchasing an additional 280 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company's stock.

Spire Price Performance

Shares of SR stock opened at $73.60 on Friday. The company has a market capitalization of $4.34 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 2.82 and a beta of 0.63. The firm has a fifty day simple moving average of $75.32 and a 200-day simple moving average of $73.06. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 1.21. Spire Inc. has a twelve month low of $57.77 and a twelve month high of $79.81.

Spire (NYSE:SR - Get Free Report) last announced its earnings results on Wednesday, April 30th. The utilities provider reported $3.60 earnings per share for the quarter, missing the consensus estimate of $3.70 by ($0.10). The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.15 billion. Spire had a net margin of 9.70% and a return on equity of 7.88%. Spire's revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.45 earnings per share. Equities research analysts anticipate that Spire Inc. will post 4.5 earnings per share for the current fiscal year.

Spire Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, April 11th will be paid a dividend of $0.785 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $3.14 dividend on an annualized basis and a yield of 4.27%. Spire's dividend payout ratio (DPR) is 77.34%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SR. Wall Street Zen raised shares of Spire from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Morgan Stanley upped their price target on shares of Spire from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. LADENBURG THALM/SH SH raised shares of Spire to a "strong-buy" rating in a research report on Friday, May 9th. Wells Fargo & Company increased their price objective 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Spire from $85.00 to $83.00 and set an "overweight" rating for the company in a research report on Wednesday, May 28th. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $77.20.

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.

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