Two Sigma Advisers LP grew its position in shares of Spire Inc. (NYSE:SR - Free Report) by 95.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,800 shares of the utilities provider's stock after acquiring an additional 11,600 shares during the quarter. Two Sigma Advisers LP's holdings in Spire were worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of Spire during the 4th quarter worth $27,000. Lee Danner & Bass Inc. bought a new stake in shares of Spire during the 4th quarter worth $32,000. R Squared Ltd bought a new stake in shares of Spire during the 4th quarter worth $37,000. Capital Advisors Ltd. LLC raised its stake in Spire by 431.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 627 shares of the utilities provider's stock valued at $43,000 after acquiring an additional 509 shares during the period. Finally, State of Wyoming bought a new stake in Spire in the 4th quarter valued at about $52,000. 87.36% of the stock is owned by hedge funds and other institutional investors.
Spire Price Performance
Shares of SR traded up $0.58 during midday trading on Tuesday, hitting $75.23. 536,680 shares of the company traded hands, compared to its average volume of 399,095. The stock has a 50-day moving average of $75.61 and a 200-day moving average of $72.99. Spire Inc. has a one year low of $57.77 and a one year high of $79.81. The firm has a market cap of $4.44 billion, a P/E ratio of 18.22, a PEG ratio of 2.82 and a beta of 0.65. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.50 and a quick ratio of 0.37.
Spire (NYSE:SR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $3.60 EPS for the quarter, missing the consensus estimate of $3.70 by ($0.10). Spire had a return on equity of 7.88% and a net margin of 9.70%. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the firm posted $3.45 EPS. The firm's revenue for the quarter was down 6.8% compared to the same quarter last year. As a group, sell-side analysts predict that Spire Inc. will post 4.5 EPS for the current fiscal year.
Spire Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, April 11th will be issued a dividend of $0.785 per share. This represents a $3.14 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Wednesday, June 11th. Spire's payout ratio is 77.34%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Spire from $75.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Wall Street Zen upgraded Spire from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. lowered their price objective on Spire from $85.00 to $83.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 28th. 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. Finally, LADENBURG THALM/SH SH upgraded Spire to a "strong-buy" rating in a research note on Friday, May 9th. Seven analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Spire currently has an average rating of "Hold" and an average target price of $77.20.
View Our Latest Research Report on SR
Spire Profile
(
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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