Barclays PLC raised its position in Spire Inc (NYSE:SR) by 92.1% in the first quarter, HoldingsChannel.com reports. The fund owned 16,212 shares of the utilities provider’s stock after purchasing an additional 7,773 shares during the quarter. Barclays PLC’s holdings in Spire were worth $1,172,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Advisor Group Inc. boosted its position in shares of Spire by 62.0% during the fourth quarter. Advisor Group Inc. now owns 2,635 shares of the utilities provider’s stock valued at $198,000 after buying an additional 1,008 shares during the last quarter. Koch Industries Inc. purchased a new position in shares of Spire during the first quarter valued at approximately $202,000. Zeke Capital Advisors LLC purchased a new position in shares of Spire during the fourth quarter valued at approximately $227,000. Private Advisor Group LLC purchased a new position in shares of Spire during the first quarter valued at approximately $226,000. Finally, Signition LP purchased a new position in shares of Spire during the first quarter valued at approximately $235,000. 81.83% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on SR. ValuEngine raised Spire from a “sell” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus lifted their target price on Spire from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, June 19th. Wells Fargo & Co raised Spire from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $73.00 to $74.00 in a research report on Thursday, June 14th. Morgan Stanley cut their target price on Spire from $75.00 to $69.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 13th. Finally, Zacks Investment Research cut Spire from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $72.38.
Shares of Spire opened at $71.05 on Friday, Marketbeat Ratings reports. The firm has a market cap of $3.40 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 4.72 and a beta of 0.04. 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 0.96, a quick ratio of 0.64 and a current ratio of 0.77.
Spire (NYSE:SR) last issued its quarterly earnings results on Wednesday, May 2nd. The utilities provider reported $2.83 EPS for the quarter, topping the Zacks’ consensus estimate of $2.48 by $0.35. The business had revenue of $813.40 million for the quarter, compared to analyst estimates of $685.12 million. Spire had a return on equity of 9.99% and a net margin of 11.37%. Spire’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period last year, the company posted $2.38 earnings per share. research analysts anticipate that Spire Inc will post 3.72 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Monday, June 11th will be issued a dividend of $0.5625 per share. The ex-dividend date of this dividend is Friday, June 8th. This represents a $2.25 dividend on an annualized basis and a yield of 3.17%. Spire’s dividend payout ratio (DPR) is currently 63.20%.
Spire Inc, through its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas customers in the United States. It operates through two segments, Gas Utility and Gas Marketing. The company is also involved in marketing natural gas and provides energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.
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