1 week Ago By Defense World Staff
Prudential Financial Inc. decreased its holdings in shares of Spire Inc. (NYSE:SR – Free Report) by 70.
4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,940 shares of the utilities provider’s stock after selling 16,525 shares during the period. Prudential Financial Inc.
’s holdings in Spire were worth $471,000 at the end of the most recent reporting period. A number of other institutional investors have also added to or reduced their stakes in SR. Vanguard Group Inc.
increased its holdings in shares of Spire by 0.8% in the 4th quarter. Vanguard Group Inc.
now owns 6,168,221 shares of the utilities provider’s stock valued at $418,390,000 after acquiring an additional 46,434 shares during the period. LPL Financial LLC grew its stake in Spire by 10.4% in the fourth quarter.
LPL Financial LLC now owns 16,715 shares of the utilities provider’s stock valued at $1,134,000 after purchasing an additional 1,573 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Spire in the fourth quarter valued at about $1,979,000. Sei Investments Co.
lifted its position in shares of Spire by 7.8% during the fourth quarter. Sei Investments Co.
now owns 220,327 shares of the utilities provider’s stock valued at $14,945,000 after buying an additional 15,854 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Spire in the 4th quarter valued at about $32,000.
Hedge funds and other institutional investors own 87.36% of the company’s stock. Spire Price PerformanceSpire stock opened at $74.
49 on Thursday. The company has a fifty day simple moving average of $75.38 and a 200-day simple moving average of $70.
23. 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 firm has a market capitalization of $4.
35 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 2.82 and a beta of 0.
56. Spire Inc. has a 52-week low of $57.
27 and a 52-week high of $79.81. Spire (NYSE:SR – Get Free Report) last released its earnings results on Wednesday, February 5th.
The utilities provider reported $1.34 earnings per share 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, equities analysts anticipate that Spire Inc. will post 4.
5 EPS for the current fiscal year. Spire Cuts DividendThe business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 11th were paid a $0.
785 dividend. This represents a $3.14 dividend on an annualized basis and a dividend yield of 4.
22%. The ex-dividend date was Tuesday, March 11th. Spire’s dividend payout ratio (DPR) is presently 76.
03%. Wall Street Analysts Forecast GrowthA number of research firms have recently weighed in on SR. LADENBURG THALM/SH SH raised Spire to a “strong-buy” rating in a research report on Monday, March 17th.
Bank of America initiated coverage on shares of Spire in a research note on Friday, December 13th. They issued a “neutral” rating and a $70.00 price objective on the stock.
Mizuho lifted their price target on Spire from $76.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, March 19th.
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, Janney Montgomery Scott began coverage on Spire in a report on Tuesday, December 17th. They issued a “neutral” rating and a $73.00 price target for the company.
Eight analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $75.
64.View Our Latest Analysis on SRAbout 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.
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