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%.
WARNING: This story was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.dispatchtribunal.com/2019/04/21/mercer-global-advisors-inc-adv-takes-position-in-spire-inc-sr.html.
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.
Featured Story: What is Cost of Debt?
Receive News & Ratings for Spire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spire and related companies with MarketBeat.com's FREE daily email newsletter.