Vaughan Nelson Investment Management L.P. lifted its holdings in Spire Inc. (NYSE:SR - Free Report) by 9.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 974,127 shares of the utilities provider's stock after buying an additional 80,965 shares during the period. Vaughan Nelson Investment Management L.P. owned about 1.65% of Spire worth $71,102,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in SR. Quarry LP bought a new stake in shares of Spire in the 1st quarter worth about $50,000. Bayforest Capital Ltd raised its position in Spire by 2,648.0% in the 1st quarter. Bayforest Capital Ltd now owns 687 shares of the utilities provider's stock worth $54,000 after purchasing an additional 662 shares during the period. GAMMA Investing LLC raised its position in Spire by 66.0% in the 1st quarter. GAMMA Investing LLC now owns 727 shares of the utilities provider's stock worth $57,000 after purchasing an additional 289 shares during the period. Parallel Advisors LLC raised its position in Spire by 75.2% in the 2nd quarter. Parallel Advisors LLC now owns 785 shares of the utilities provider's stock worth $57,000 after purchasing an additional 337 shares during the period. Finally, Golden State Wealth Management LLC raised its position in Spire by 103.8% in the 1st quarter. Golden State Wealth Management LLC now owns 803 shares of the utilities provider's stock worth $63,000 after purchasing an additional 409 shares during the period. 87.36% of the stock is currently owned by institutional investors.
Spire Price Performance
Shares of SR stock opened at $82.28 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.37 and a quick ratio of 0.27. The company has a market capitalization of $4.86 billion, a P/E ratio of 17.77, a P/E/G ratio of 2.38 and a beta of 0.69. The company's 50-day simple moving average is $76.71 and its two-hundred day simple moving average is $75.69. Spire Inc. has a one year low of $61.56 and a one year high of $83.10.
Spire (NYSE:SR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.10. The business had revenue of $421.90 million for the quarter, compared to the consensus estimate of $417.27 million. Spire had a net margin of 11.56% and a return on equity of 8.66%. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.14) EPS. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. As a group, equities analysts anticipate that Spire Inc. will post 4.5 EPS for the current year.
Spire Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a dividend of $0.785 per share. The ex-dividend date was Thursday, September 11th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.8%. Spire's dividend payout ratio (DPR) is currently 67.82%.
Analyst Ratings Changes
A number of analysts recently weighed in on SR shares. Bank of America reissued an "underperform" rating and issued a $76.00 price objective (down from $81.00) on shares of Spire in a research report on Friday, August 15th. Morgan Stanley reduced their price objective on shares of Spire from $81.00 to $76.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Weiss Ratings reissued a "buy (b-)" rating on shares of Spire in a research report on Saturday, September 27th. Finally, Stifel Nicolaus set a $81.00 price objective on shares of Spire and gave the stock a "hold" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Spire has an average rating of "Hold" and a consensus target price of $78.80.
Check Out Our Latest Stock Analysis on Spire
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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