XTX Topco Ltd bought a new stake in shares of Spire Inc. (NYSE:SR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,778 shares of the utilities provider's stock, valued at approximately $324,000.
A number of other large investors have also recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new position in shares of Spire in the 4th quarter valued at about $27,000. GAMMA Investing LLC increased its stake in shares of Spire by 87.2% during the fourth quarter. GAMMA Investing LLC now owns 438 shares of the utilities provider's stock valued at $30,000 after buying an additional 204 shares during the period. Lee Danner & Bass Inc. bought a new position in shares of Spire during the fourth quarter valued at approximately $32,000. R Squared Ltd bought a new stake in Spire during the fourth quarter valued at about $37,000. Finally, Capital Advisors Ltd. LLC increased its position in shares of Spire by 431.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 627 shares of the utilities provider's stock worth $43,000 after purchasing an additional 509 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors.
Spire Stock Performance
SR traded down $0.16 during trading on Tuesday, reaching $77.23. 21,550 shares of the company's stock were exchanged, compared to its average volume of 388,107. The company has a market capitalization of $4.51 billion, a P/E ratio of 18.67, a PEG ratio of 2.82 and a beta of 0.56. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 1.21. The business has a 50 day moving average price of $76.44 and a 200 day moving average price of $71.28. Spire Inc. has a fifty-two week low of $57.77 and a fifty-two week high of $79.81.
Spire (NYSE:SR - Get Free Report) last posted its 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 net margin of 9.70% and a return on equity of 7.88%. As a group, analysts predict that Spire Inc. will post 4.5 earnings per share for the current fiscal year.
Spire Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, April 11th will be given a dividend of $0.785 per share. This represents a $3.14 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Wednesday, June 11th. Spire's payout ratio is 76.03%.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Spire from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $72.00 to $85.00 in a research note on Thursday, March 20th. LADENBURG THALM/SH SH raised shares of Spire to a "strong-buy" rating in a research report on Monday, March 17th. StockNews.com raised shares of Spire from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Guggenheim lifted their price objective on shares of Spire from $67.00 to $72.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Finally, 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 report on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Spire has an average rating of "Hold" and an average target price of $76.70.
View Our Latest Stock Report on Spire
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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