MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Spire Inc. (NYSE:SR - Free Report) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,680 shares of the utilities provider's stock after acquiring an additional 14,593 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.56% of Spire worth $22,159,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Spire during the fourth quarter worth about $1,030,000. KBC Group NV increased its stake in shares of Spire by 48.2% during the 4th quarter. KBC Group NV now owns 2,307 shares of the utilities provider's stock worth $156,000 after purchasing an additional 750 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Spire by 15.8% during the 4th quarter. Bank of New York Mellon Corp now owns 778,442 shares of the utilities provider's stock worth $52,802,000 after purchasing an additional 106,386 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Spire by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 834,647 shares of the utilities provider's stock worth $56,614,000 after purchasing an additional 28,715 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Spire by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 173,374 shares of the utilities provider's stock valued at $11,760,000 after buying an additional 3,163 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company's stock.
Spire Trading Up 0.9%
Shares of NYSE SR traded up $0.67 on Friday, reaching $73.26. 285,736 shares of the company traded hands, compared to its average volume of 391,155. The stock has a market capitalization of $4.32 billion, a PE ratio of 17.74, a P/E/G ratio of 2.82 and a beta of 0.65. Spire Inc. has a fifty-two week low of $57.77 and a fifty-two week high of $79.81. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 1.21. The company has a 50 day moving average of $76.05 and a 200 day moving average of $72.15.
Spire (NYSE:SR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $3.60 EPS for the quarter, missing the consensus estimate of $3.70 by ($0.10). The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.15 billion. Spire had a return on equity of 7.88% and a net margin of 9.70%. The business's revenue for the quarter was down 6.8% on a year-over-year basis. During the same period last year, the company posted $3.45 EPS. On average, equities research analysts forecast that Spire Inc. will post 4.5 earnings per share for the current fiscal year.
Spire Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, April 11th will be given a $0.785 dividend. This represents a $3.14 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Wednesday, June 11th. Spire's dividend payout ratio (DPR) is currently 77.34%.
Wall Street Analyst Weigh In
SR has been the subject of several recent research reports. Wells Fargo & Company raised their price target on Spire from $75.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Guggenheim lifted their price objective on Spire from $67.00 to $72.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Morgan Stanley upped their target price on shares of Spire from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. StockNews.com raised shares of Spire from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Mizuho boosted their price objective 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 equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $77.40.
Get Our Latest Report on SR
Spire Company 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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