Ontario Teachers Pension Plan Board lifted its stake in shares of Spire Inc. (NYSE:SR - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,768 shares of the utilities provider's stock after purchasing an additional 7,822 shares during the period. Ontario Teachers Pension Plan Board owned 0.12% of Spire worth $4,597,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in Spire during the fourth quarter worth approximately $27,000. GAMMA Investing LLC raised its holdings in shares of Spire by 87.2% during the 4th quarter. GAMMA Investing LLC now owns 438 shares of the utilities provider's stock worth $30,000 after acquiring an additional 204 shares during the period. Lee Danner & Bass Inc. purchased a new position in shares of Spire during the 4th quarter worth $32,000. R Squared Ltd acquired a new position in shares of Spire during the 4th quarter valued at about $37,000. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Spire by 431.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 627 shares of the utilities provider's stock valued at $43,000 after purchasing an additional 509 shares during the period. 87.36% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
SR has been the subject of several analyst reports. Mizuho increased their price target on shares of Spire from $76.00 to $82.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. 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. StockNews.com raised Spire from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Guggenheim raised 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. Finally, LADENBURG THALM/SH SH raised shares of Spire to a "strong-buy" rating in a research report on Monday, March 17th. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $76.70.
Get Our Latest Stock Report on SR
Spire Stock Down 0.1 %
Shares of SR stock traded down $0.04 during trading on Friday, reaching $77.48. The company's stock had a trading volume of 365,261 shares, compared to its average volume of 388,069. The stock's 50-day moving average price is $76.02 and its 200 day moving average price is $70.70. 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 company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 2.82 and a beta of 0.56. Spire Inc. has a 1-year low of $57.77 and a 1-year high of $79.81.
Spire (NYSE:SR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.42 by ($0.08). Spire had a return on equity of 7.88% and a net margin of 9.70%. On average, research analysts anticipate that Spire Inc. will post 4.5 EPS for the current year.
Spire Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 11th were issued a $0.785 dividend. This represents a $3.14 annualized dividend and a dividend yield of 4.05%. The ex-dividend date was Tuesday, March 11th. Spire's payout ratio is currently 76.03%.
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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