Icon Advisers Inc. Co. Has $3.84 Million Stock Position in Spire Inc. $SR

Icon Advisers Inc. Co. lowered its holdings in shares of Spire Inc. (NYSE:SR) by 15.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 47,100 shares of the utilities provider’s stock after selling 8,900 shares during the period. Icon Advisers Inc. Co. owned 0.08% of Spire worth $3,840,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SR. Norges Bank acquired a new stake in shares of Spire in the second quarter valued at approximately $45,155,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of Spire by 158.1% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,000,000 shares of the utilities provider’s stock worth $72,990,000 after acquiring an additional 612,500 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Spire during the 3rd quarter worth approximately $43,756,000. Duff & Phelps Investment Management Co. increased its holdings in shares of Spire by 32.8% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,030,625 shares of the utilities provider’s stock worth $75,225,000 after acquiring an additional 254,285 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its stake in Spire by 212.2% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 360,466 shares of the utilities provider’s stock valued at $26,310,000 after acquiring an additional 244,998 shares during the period. Institutional investors and hedge funds own 87.36% of the company’s stock.

Spire Stock Performance

NYSE:SR opened at $91.69 on Friday. The stock has a 50 day simple moving average of $86.25 and a 200 day simple moving average of $83.85. The stock has a market cap of $5.42 billion, a P/E ratio of 19.93, a PEG ratio of 1.48 and a beta of 0.64. Spire Inc. has a 1-year low of $69.94 and a 1-year high of $92.95. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 1.39.

Spire (NYSE:SR) last posted its quarterly earnings data on Tuesday, February 3rd. The utilities provider reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.15. Spire had a return on equity of 9.43% and a net margin of 10.95%.The firm had revenue of $762.20 million for the quarter, compared to analysts’ expectations of $785.54 million. During the same quarter last year, the business earned $1.34 EPS. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. Spire has set its FY 2027 guidance at 5.650-5.850 EPS and its FY 2026 guidance at 5.250-5.450 EPS. Research analysts anticipate that Spire Inc. will post 4.5 earnings per share for the current year.

Spire Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, March 11th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, March 11th. Spire’s dividend payout ratio (DPR) is currently 71.74%.

Analyst Ratings Changes

A number of research firms have commented on SR. Mizuho lifted their price objective on shares of Spire from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. UBS Group increased their price objective on shares of Spire from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Weiss Ratings upgraded shares of Spire from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $100.00 target price on shares of Spire in a report on Friday, February 20th. Finally, Stifel Nicolaus upped their price target on shares of Spire from $81.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Spire currently has a consensus rating of “Moderate Buy” and an average target price of $90.70.

Spire Company Profile

Spire Inc (NYSE: SR), formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire’s service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.

Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.