Spire Inc (SR) Shares Sold by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lessened its stake in Spire Inc (NYSE:SR) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,157 shares of the utilities provider’s stock after selling 8,963 shares during the period. TIAA CREF Investment Management LLC’s holdings in Spire were worth $10,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. American International Group Inc. boosted its stake in Spire by 2.0% in the third quarter. American International Group Inc. now owns 38,876 shares of the utilities provider’s stock valued at $2,859,000 after acquiring an additional 772 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Spire by 5.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 15,839 shares of the utilities provider’s stock valued at $1,119,000 after acquiring an additional 795 shares in the last quarter. MetLife Investment Advisors LLC boosted its stake in Spire by 3.9% in the second quarter. MetLife Investment Advisors LLC now owns 22,428 shares of the utilities provider’s stock valued at $1,585,000 after acquiring an additional 849 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in Spire by 86.9% in the second quarter. Moneta Group Investment Advisors LLC now owns 2,200 shares of the utilities provider’s stock valued at $155,000 after acquiring an additional 1,023 shares in the last quarter. Finally, Reilly Herbert Faulkner III boosted its stake in Spire by 1.7% in the third quarter. Reilly Herbert Faulkner III now owns 62,995 shares of the utilities provider’s stock valued at $4,633,000 after acquiring an additional 1,051 shares in the last quarter. Institutional investors own 82.18% of the company’s stock.

SR has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Spire from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Tuesday, January 1st. ValuEngine upgraded shares of Spire from a “hold” rating to a “buy” rating in a research note on Monday, November 12th. Wells Fargo & Co set a $82.00 target price on shares of Spire and gave the stock a “buy” rating in a research note on Monday, September 17th. Guggenheim downgraded shares of Spire from a “buy” rating to a “neutral” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. Finally, Credit Suisse Group increased their target price on shares of Spire from $71.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, November 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $76.00.

Shares of SR opened at $74.25 on Friday. Spire Inc has a fifty-two week low of $60.08 and a fifty-two week high of $81.13. The stock has a market cap of $3.73 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 4.96 and a beta of 0.16. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.50 and a quick ratio of 0.34.

Spire (NYSE:SR) last posted its quarterly earnings results on Thursday, November 15th. The utilities provider reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.07. The firm had revenue of $239.20 million during the quarter, compared to analysts’ expectations of $237.31 million. Spire had a net margin of 10.90% and a return on equity of 8.35%. On average, sell-side analysts anticipate that Spire Inc will post 3.75 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 3rd. Investors of record on Tuesday, December 11th were issued a dividend of $0.5925 per share. This is a boost from Spire’s previous quarterly dividend of $0.56. This represents a $2.37 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Monday, December 10th. Spire’s dividend payout ratio is currently 63.71%.

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About Spire

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 in the United States. The company operates through two segments, Gas Utility and Gas Marketing. It is also involved in marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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