Mercer Global Advisors Inc. ADV Takes Position in Spire Inc (SR)

Mercer Global Advisors Inc. ADV purchased a new stake in shares of Spire Inc (NYSE:SR) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,797 shares of the utilities provider’s stock, valued at approximately $355,000.

Several other large investors have also recently bought and sold shares of the company. JOYN Advisors Inc. boosted its holdings in Spire by 115.3% in the fourth quarter. JOYN Advisors Inc. now owns 407 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 218 shares during the last quarter. Resources Investment Advisors Inc. purchased a new stake in Spire in the fourth quarter worth approximately $37,000. Parkside Financial Bank & Trust boosted its holdings in Spire by 90.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 593 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 281 shares during the last quarter. Clarus Wealth Advisors purchased a new stake in Spire in the fourth quarter worth approximately $44,000. Finally, Lindbrook Capital LLC purchased a new stake in Spire in the fourth quarter worth approximately $65,000. Hedge funds and other institutional investors own 82.31% of the company’s stock.

Several equities research analysts recently issued reports on SR shares. Zacks Investment Research upgraded shares of Spire from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Tuesday, January 1st. Guggenheim cut shares of Spire from a “buy” rating to a “neutral” rating in a report on Monday, January 7th. They noted that the move was a valuation call. Finally, Credit Suisse Group cut shares of Spire from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $74.00 to $72.00 in a report on Wednesday, January 23rd. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $76.88.

Shares of Spire stock opened at $81.49 on Friday. The firm has a market cap of $4.13 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 6.49 and a beta of 0.23. Spire Inc has a 1-year low of $64.95 and a 1-year high of $83.28. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.44 and a current ratio of 0.58.

Spire (NYSE:SR) last issued its quarterly earnings results on Wednesday, February 6th. The utilities provider reported $1.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.04). The business had revenue of $602.00 million for the quarter, compared to analysts’ expectations of $602.54 million. Spire had a return on equity of 8.52% and a net margin of 8.25%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.19 EPS. As a group, equities analysts expect that Spire Inc will post 3.74 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 11th were paid a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Friday, March 8th. Spire’s dividend payout ratio is presently 63.71%.

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Spire Profile

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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