2 weeks Ago By ABMN Staff
Xponance Inc. raised its stake in shares of Spire Inc. ( NYSE:SR – Free Report ) by 4.
6% in the 4th quarter, Holdings Channel reports. The firm owned 8,115 shares of the utilities provider’s stock after acquiring an additional 355 shares during the period. Xponance Inc.
’s holdings in Spire were worth $550,000 at the end of the most recent reporting period. Several other large investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in Spire by 1.
4% during the third quarter. State Street Corp now owns 3,154,230 shares of the utilities provider’s stock valued at $214,535,000 after buying an additional 44,969 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Spire by 5.
5% in the third quarter. Geode Capital Management LLC now owns 1,385,452 shares of the utilities provider’s stock valued at $93,244,000 after purchasing an additional 71,798 shares in the last quarter. Charles Schwab Investment Management Inc.
increased its position in Spire by 3.6% in the fourth 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. Bank of New York Mellon Corp raised its stake in Spire by 15.8% during the fourth 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. Finally, Thrivent Financial for Lutherans lifted its position in Spire by 13.2% during the fourth quarter.
Thrivent Financial for Lutherans now owns 731,682 shares of the utilities provider’s stock valued at $49,630,000 after purchasing an additional 85,476 shares during the last quarter. 87.36% of the stock is owned by institutional investors.
Analysts Set New Price Targets SR has been the topic of several recent research reports. Janney Montgomery Scott began coverage on shares of Spire in a research report on Tuesday, December 17th. They set a “neutral” rating and a $73.
00 target price on the stock. StockNews.com downgraded Spire from a “hold” rating to a “sell” rating in a research report on Wednesday.
JPMorgan Chase & Co. upgraded Spire from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $72.00 to $85.
00 in a report on Thursday, March 20th. Morgan Stanley boosted their target price on Spire from $75.00 to $78.
00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Finally, Mizuho raised their price target on Spire from $76.00 to $82.
00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $76.
00. Spire Price Performance SR opened at $76.83 on Wednesday.
The business has a fifty day moving average of $73.70 and a 200 day moving average of $69.36.
The stock has a market cap of $4.48 billion, a P/E ratio of 18.60, a PEG ratio of 2.
82 and a beta of 0.53. The company has a quick ratio of 0.
37, a current ratio of 0.50 and a debt-to-equity ratio of 1.21.
Spire Inc. has a 52-week low of $57.27 and a 52-week high of $78.
83. Spire ( NYSE:SR – Get Free Report ) last issued 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, sell-side analysts anticipate that Spire Inc. will post 4.5 EPS for the current year.
Spire Cuts Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 11th will be given a $0.785 dividend.
The ex-dividend date is Tuesday, March 11th. This represents a $3.14 annualized dividend and a yield of 4.
09%. Spire’s dividend payout ratio (DPR) is 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.
Read More Want to see what other hedge funds are holding SR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spire Inc. ( NYSE:SR – Free Report ).
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