Spire Inc. $SR Shares Purchased by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its stake in Spire Inc. by 19.6%, now owning approximately 33,500 shares valued at $2,467,000.
• Spire recently reported earnings of $0.01 EPS, beating analyst estimates, and set FY 2025 guidance at 4.400-4.60 EPS.
• The company announced a quarterly dividend of $0.785 per share, representing an annualized yield of 3.8%.

KLP Kapitalforvaltning AS increased its stake in shares of Spire Inc. (NYSE:SR - Free Report) by 19.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,500 shares of the utilities provider's stock after acquiring an additional 5,500 shares during the period. KLP Kapitalforvaltning AS owned about 0.06% of Spire worth $2,467,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SR. Nuveen LLC acquired a new stake in Spire in the first quarter valued at approximately $73,254,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Spire in the first quarter valued at approximately $69,889,000. Adage Capital Partners GP L.L.C. purchased a new position in shares of Spire in the first quarter valued at approximately $30,322,000. Millennium Management LLC lifted its position in shares of Spire by 110.4% in the first quarter. Millennium Management LLC now owns 522,323 shares of the utilities provider's stock valued at $40,872,000 after acquiring an additional 274,124 shares in the last quarter. Finally, Natixis Advisors LLC purchased a new position in shares of Spire in the first quarter valued at approximately $12,354,000. 87.36% of the stock is owned by institutional investors and hedge funds.

Spire Price Performance

NYSE:SR opened at $82.12 on Friday. Spire Inc. has a 52 week low of $61.56 and a 52 week high of $83.95. The company has a quick ratio of 0.27, a current ratio of 0.37 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $4.85 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.39 and a beta of 0.69. The stock's fifty day moving average is $77.55 and its two-hundred day moving average is $75.88.

Spire (NYSE:SR - Get Free Report) last posted 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. Spire had a return on equity of 8.66% and a net margin of 11.56%.The company had revenue of $421.90 million for the quarter, compared to the consensus estimate of $417.27 million. During the same quarter in the previous year, the business earned ($0.14) earnings per share. The company's revenue for the quarter was up 1.9% on a year-over-year basis. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. Equities analysts expect that Spire Inc. will post 4.5 EPS for the current year.

Spire Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a $0.785 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.8%. Spire's payout ratio is presently 67.82%.

Analyst Upgrades and Downgrades

SR has been the topic of several research reports. Jefferies Financial Group upgraded Spire to a "strong-buy" rating in a research report on Tuesday, October 7th. Stifel Nicolaus set a $81.00 target price on Spire and gave the company a "hold" rating in a research report on Tuesday, July 15th. Weiss Ratings restated a "buy (b-)" rating on shares of Spire in a research report on Wednesday. Bank of America reiterated an "underperform" rating and set a $76.00 price objective (down previously from $81.00) on shares of Spire in a research report on Friday, August 15th. Finally, Morgan Stanley reduced their price objective on Spire from $81.00 to $76.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.00.

Spire Profile

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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