SG Americas Securities LLC Has $4.12 Million Stake in Spire Inc. $SR

Key Points

• SG Americas Securities LLC increased its stake in Spire by 292.1% in Q4 to 49,796 shares, worth about $4.12 million at quarter-end.
• Spire beat Q4 EPS ($1.77 vs. $1.62 consensus) with revenue up 13.9% year-over-year but slightly below expectations, and issued FY2026 guidance of 5.25–5.45 EPS and FY2027 guidance of 5.65–5.85 EPS.
• Spire paid a quarterly dividend of $0.825 (annualized $3.30) for a ~3.6% yield; institutional investors own ~87.4% of the stock and analysts' consensus rating is a "Moderate Buy" with a $92.78 target.

SG Americas Securities LLC increased its stake in shares of Spire Inc. (NYSE:SR - Free Report) by 292.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,796 shares of the utilities provider's stock after purchasing an additional 37,096 shares during the quarter. SG Americas Securities LLC owned about 0.08% of Spire worth $4,118,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SR. Community Bank N.A. acquired a new position in Spire during the 3rd quarter worth $25,000. Smartleaf Asset Management LLC increased its stake in shares of Spire by 186.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 370 shares of the utilities provider's stock valued at $30,000 after buying an additional 241 shares during the period. Financial Consulate Inc. acquired a new stake in shares of Spire in the 3rd quarter valued at $36,000. Headlands Technologies LLC bought a new stake in shares of Spire during the second quarter worth $38,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Spire during the third quarter valued at $40,000. Institutional investors and hedge funds own 87.36% of the company's stock.

Spire Stock Performance

Shares of Spire stock opened at $92.68 on Friday. The stock's fifty day simple moving average is $89.36 and its 200 day simple moving average is $85.82. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $5.48 billion, a PE ratio of 20.15, a PEG ratio of 1.47 and a beta of 0.60. Spire Inc. has a 12 month low of $69.94 and a 12 month high of $94.27.

Spire (NYSE:SR - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The utilities provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.15. The firm had revenue of $762.20 million during the quarter, compared to analysts' expectations of $785.54 million. Spire had a return on equity of 9.43% and a net margin of 10.95%.The company's revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 earnings per share. Spire has set its FY 2027 guidance at 5.650-5.850 EPS and its FY 2026 guidance at 5.250-5.450 EPS. On average, research analysts predict that Spire Inc. will post 4.5 EPS for the current year.

Spire Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 11th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 3.6%. The ex-dividend date was Wednesday, March 11th. Spire's dividend payout ratio (DPR) is 71.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SR. Weiss Ratings upgraded Spire from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, February 5th. Stifel Nicolaus lifted their price target on shares of Spire from $81.00 to $87.00 and gave the stock a "hold" rating in a research report on Wednesday, January 28th. Morgan Stanley reaffirmed an "overweight" rating and issued a $100.00 price objective on shares of Spire in a research note on Friday, February 20th. Jefferies Financial Group reaffirmed a "buy" rating and set a $99.00 target price on shares of Spire in a report on Wednesday, January 21st. Finally, UBS Group upped their target price on shares of Spire from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Spire has an average rating of "Moderate Buy" and a consensus target price of $92.78.

Spire Company Profile

Spire Inc NYSE: SR, formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire's service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.

Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.

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