Spire Inc. $SR Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in Spire Inc. (NYSE:SR) by 3.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 212,162 shares of the utilities provider’s stock after purchasing an additional 7,993 shares during the period. Rhumbline Advisers’ holdings in Spire were worth $15,486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SR. State of New Jersey Common Pension Fund D raised its position in shares of Spire by 0.6% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 25,636 shares of the utilities provider’s stock valued at $1,871,000 after purchasing an additional 152 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Spire by 5.5% in the first quarter. Mackenzie Financial Corp now owns 3,672 shares of the utilities provider’s stock valued at $287,000 after acquiring an additional 193 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Spire by 4.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,210 shares of the utilities provider’s stock valued at $408,000 after acquiring an additional 214 shares in the last quarter. Walleye Capital LLC boosted its stake in Spire by 5.2% during the 1st quarter. Walleye Capital LLC now owns 4,352 shares of the utilities provider’s stock valued at $341,000 after acquiring an additional 214 shares during the last quarter. Finally, State of Michigan Retirement System grew its holdings in Spire by 2.2% during the 2nd quarter. State of Michigan Retirement System now owns 14,236 shares of the utilities provider’s stock worth $1,039,000 after acquiring an additional 300 shares in the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SR has been the topic of several research analyst reports. Jefferies Financial Group raised shares of Spire to a “strong-buy” rating in a research report on Tuesday, October 7th. BTIG Research raised Spire to a “strong-buy” rating in a report on Wednesday, October 22nd. Bank of America upgraded Spire from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $76.00 to $89.00 in a research report on Wednesday, October 29th. UBS Group upped their price target on Spire from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Morgan Stanley set a $97.00 price objective on Spire in a research note on Thursday, November 20th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.83.

Spire Trading Up 0.5%

Shares of NYSE SR opened at $88.62 on Friday. Spire Inc. has a 12-month low of $64.44 and a 12-month high of $91.11. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 1.08. The stock’s 50 day simple moving average is $85.39 and its 200 day simple moving average is $78.57.

Spire (NYSE:SR) last issued its earnings results on Friday, November 14th. The utilities provider reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($0.01). Spire had a return on equity of 8.66% and a net margin of 11.56%.The company had revenue of $334.10 million during the quarter, compared to analyst estimates of $439.56 million. During the same period in the prior year, the business earned ($0.54) earnings per share. Spire’s quarterly revenue was up 13.7% on a year-over-year basis. Spire has set its FY 2027 guidance at 5.650-5.850 EPS. FY 2026 guidance at 5.250-5.450 EPS. Equities research analysts expect that Spire Inc. will post 4.5 EPS for the current year.

Spire Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Thursday, December 11th will be given a $0.825 dividend. The ex-dividend date is Thursday, December 11th. This represents a $3.30 annualized dividend and a yield of 3.7%. This is an increase from Spire’s previous quarterly dividend of $0.79. Spire’s payout ratio is 75.00%.

About Spire

Spire Inc, together with 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 three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.