Spire Inc (SR) Stake Boosted by Rhumbline Advisers

Rhumbline Advisers grew its position in Spire Inc (NYSE:SR) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,118 shares of the utilities provider’s stock after purchasing an additional 2,422 shares during the quarter. Rhumbline Advisers owned approximately 0.24% of Spire worth $8,395,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. AMP Capital Investors Ltd raised its position in shares of Spire by 3.6% in the fourth quarter. AMP Capital Investors Ltd now owns 23,045 shares of the utilities provider’s stock valued at $1,732,000 after purchasing an additional 800 shares during the period. BlackRock Inc. raised its position in shares of Spire by 3.3% in the fourth quarter. BlackRock Inc. now owns 6,273,333 shares of the utilities provider’s stock valued at $471,441,000 after purchasing an additional 200,037 shares during the period. Dean Capital Investments Management LLC bought a new position in shares of Spire in the fourth quarter valued at approximately $743,000. Robeco Institutional Asset Management B.V. raised its position in shares of Spire by 64.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 718,674 shares of the utilities provider’s stock valued at $54,051,000 after purchasing an additional 282,725 shares during the period. Finally, Swiss National Bank raised its position in shares of Spire by 1.9% in the fourth quarter. Swiss National Bank now owns 82,250 shares of the utilities provider’s stock valued at $6,181,000 after purchasing an additional 1,500 shares during the period. 82.90% of the stock is currently owned by institutional investors.

Shares of Spire opened at $69.50 on Friday, Marketbeat reports. Spire Inc has a 1 year low of $69.70 and a 1 year high of $70.60. The firm has a market cap of $3.41 billion, a P/E ratio of 19.52, a P/E/G ratio of 5.13 and a beta of 0.05. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.64 and a current ratio of 0.77.

Spire (NYSE:SR) last announced its earnings results on Wednesday, May 2nd. The utilities provider reported $2.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.48 by $0.35. Spire had a net margin of 11.37% and a return on equity of 9.99%. The business had revenue of $813.40 million for the quarter, compared to analyst estimates of $685.12 million. During the same quarter in the previous year, the firm posted $2.38 earnings per share. Spire’s revenue was up 22.6% compared to the same quarter last year. analysts predict that Spire Inc will post 3.73 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Monday, June 11th will be paid a dividend of $0.5625 per share. The ex-dividend date of this dividend is Friday, June 8th. This represents a $2.25 dividend on an annualized basis and a yield of 3.24%. Spire’s dividend payout ratio is currently 63.20%.

A number of research firms have recently commented on SR. ValuEngine lowered shares of Spire from a “buy” rating to a “hold” rating in a research report on Friday, April 13th. JPMorgan Chase dropped their target price on shares of Spire from $77.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday, January 25th. Bank of America reaffirmed a “buy” rating and set a $75.00 target price on shares of Spire in a research report on Monday, March 26th. Stifel Nicolaus boosted their target price on shares of Spire from $65.00 to $71.00 and gave the stock a “hold” rating in a research report on Thursday, May 3rd. Finally, Morgan Stanley boosted their target price on shares of Spire from $66.00 to $68.00 and gave the stock an “underweight” rating in a research report on Thursday, March 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $72.29.

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 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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