Bank of Montreal Can reduced its holdings in shares of Spire Inc (NYSE:SR) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,363 shares of the utilities provider’s stock after selling 1,940 shares during the period. Bank of Montreal Can owned about 0.05% of Spire worth $1,831,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. State Street Corp boosted its position in shares of Spire by 5.7% during the 2nd quarter. State Street Corp now owns 1,236,031 shares of the utilities provider’s stock valued at $86,214,000 after acquiring an additional 67,106 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Spire by 11.6% during the 3rd quarter. Pacer Advisors Inc. now owns 6,967 shares of the utilities provider’s stock valued at $520,000 after acquiring an additional 725 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Spire by 13.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 31,580 shares of the utilities provider’s stock valued at $2,358,000 after acquiring an additional 3,655 shares in the last quarter. CAPROCK Group Inc. acquired a new stake in shares of Spire during the 3rd quarter valued at about $201,000. Finally, Wells Fargo & Company MN boosted its position in shares of Spire by 7.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,059,918 shares of the utilities provider’s stock valued at $79,123,000 after acquiring an additional 73,219 shares in the last quarter. Institutional investors and hedge funds own 80.18% of the company’s stock.
A number of equities analysts have commented on the stock. Hilliard Lyons upgraded shares of Spire to a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus restated a “hold” rating and issued a $65.00 price target on shares of Spire in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Spire from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Wednesday, January 10th. JPMorgan Chase & Co. reduced their price target on shares of Spire from $77.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday, January 25th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $73.00 price target on shares of Spire in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $72.00.
Spire Inc (NYSE:SR) opened at $65.80 on Tuesday. The company has a market cap of $3,176.21, a PE ratio of 13.37, a price-to-earnings-growth ratio of 3.93 and a beta of 0.15. Spire Inc has a 12-month low of $60.08 and a 12-month high of $82.85. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.70 and a quick ratio of 0.53.
Spire (NYSE:SR) last released its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.13. The firm had revenue of $561.80 million for the quarter, compared to analyst estimates of $516.16 million. Spire had a net margin of 12.86% and a return on equity of 8.91%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 earnings per share. equities research analysts predict that Spire Inc will post 3.72 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Monday, March 12th will be given a dividend of $0.563 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 3.42%. This is a positive change from Spire’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Friday, March 9th. Spire’s dividend payout ratio is presently 45.73%.
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Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.
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