Hsbc Holdings PLC lifted its position in Spire Inc. (NYSE:SR - Free Report) by 94.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,899 shares of the utilities provider's stock after purchasing an additional 3,841 shares during the period. Hsbc Holdings PLC's holdings in Spire were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Spire in the 4th quarter valued at about $42,432,000. Wellington Management Group LLP boosted its stake in shares of Spire by 29.0% in the fourth quarter. Wellington Management Group LLP now owns 1,022,870 shares of the utilities provider's stock worth $69,381,000 after acquiring an additional 229,662 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Spire by 48.0% during the fourth quarter. JPMorgan Chase & Co. now owns 428,701 shares of the utilities provider's stock worth $29,079,000 after purchasing an additional 138,971 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Spire in the 4th quarter valued at $8,277,000. Finally, Bank of New York Mellon Corp lifted its holdings in Spire by 15.8% in the 4th quarter. Bank of New York Mellon Corp now owns 778,442 shares of the utilities provider's stock valued at $52,802,000 after purchasing an additional 106,386 shares in the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.
Spire Trading Down 0.5 %
Shares of NYSE:SR traded down $0.41 during mid-day trading on Friday, reaching $74.61. 336,715 shares of the company were exchanged, compared to its average volume of 389,405. Spire Inc. has a 1 year low of $57.77 and a 1 year high of $79.81. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.50 and a quick ratio of 0.37. The firm's 50-day simple moving average is $76.45 and its 200 day simple moving average is $71.86. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 2.82 and a beta of 0.65.
Spire (NYSE:SR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $3.60 earnings per share for the quarter, missing analysts' consensus estimates of $3.70 by ($0.10). Spire had a net margin of 9.70% and a return on equity of 7.88%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the firm posted $3.45 earnings per share. The company's quarterly revenue was down 6.8% compared to the same quarter last year. Equities research analysts forecast that Spire Inc. will post 4.5 EPS for the current year.
Spire Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, April 11th will be issued a $0.785 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $3.14 dividend on an annualized basis and a yield of 4.21%. Spire's dividend payout ratio (DPR) is presently 77.34%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on SR. LADENBURG THALM/SH SH upgraded shares of Spire to a "strong-buy" rating in a research report on Monday, March 17th. Guggenheim increased their price target on Spire from $67.00 to $72.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Morgan Stanley boosted their price objective on Spire from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised Spire from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $72.00 to $85.00 in a research note on Thursday, March 20th. Finally, Mizuho boosted their price target on shares of Spire from $76.00 to $82.00 and gave the company an "outperform" rating in a research report on Wednesday, March 19th. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Spire has a consensus rating of "Hold" and a consensus price target of $77.40.
Check Out Our Latest Stock Analysis on SR
About Spire
(
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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