Spire Inc (SR) Position Increased by Advisor Group Inc.

Advisor Group Inc. increased its position in shares of Spire Inc (NYSE:SR) by 62.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,635 shares of the utilities provider’s stock after buying an additional 1,008 shares during the period. Advisor Group Inc.’s holdings in Spire were worth $198,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SR. Chicago Partners Investment Group LLC bought a new stake in shares of Spire during the 3rd quarter worth $209,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Spire by 52.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,780 shares of the utilities provider’s stock worth $209,000 after buying an additional 955 shares during the period. Neuberger Berman Group LLC bought a new stake in shares of Spire during the 3rd quarter worth $219,000. Parametrica Management Ltd bought a new stake in shares of Spire during the 4th quarter worth $222,000. Finally, Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of Spire during the 4th quarter worth $413,000. 82.87% of the stock is owned by institutional investors and hedge funds.

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Several research firms recently issued reports on SR. Zacks Investment Research raised shares of Spire from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Wednesday, January 10th. ValuEngine upgraded shares of Spire from a “hold” rating to a “buy” rating in a research note on Saturday. Morgan Stanley upped their target price on shares of Spire from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Thursday, March 8th. Hilliard Lyons upgraded shares of Spire to a “buy” rating in a research note on Friday, February 2nd. Finally, JPMorgan Chase cut their target price on shares of Spire from $77.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Spire presently has an average rating of “Hold” and an average price target of $70.86.

NYSE:SR opened at $73.65 on Friday. The firm has a market cap of $3,562.96, a P/E ratio of 20.69, a P/E/G ratio of 4.89 and a beta of 0.06. Spire Inc has a one year low of $60.08 and a one year high of $82.85. The company has a quick ratio of 0.53, a current ratio of 0.70 and a debt-to-equity ratio of 0.97.

Spire (NYSE:SR) last released its earnings results on Thursday, February 1st. The utilities provider reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.13. The firm had revenue of $561.80 million during the quarter, compared to analysts’ expectations of $516.16 million. Spire had a net margin of 12.86% and a return on equity of 8.91%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 EPS. analysts forecast that Spire Inc will post 3.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Monday, March 12th were paid a dividend of $0.563 per share. This is a boost from Spire’s previous quarterly dividend of $0.56. This represents a $2.25 annualized dividend and a yield of 3.06%. The ex-dividend date was Friday, March 9th. Spire’s dividend payout ratio is presently 63.20%.

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Spire Company 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 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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Institutional Ownership by Quarter for Spire (NYSE:SR)

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