TD Asset Management Inc. lifted its holdings in Spire Inc (NYSE:SR) by 67.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188,670 shares of the utilities provider’s stock after acquiring an additional 76,220 shares during the period. TD Asset Management Inc. owned approximately 0.37% of Spire worth $13,977,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its position in Spire by 4.2% in the 3rd quarter. BlackRock Inc. now owns 7,332,115 shares of the utilities provider’s stock valued at $539,277,000 after buying an additional 295,292 shares in the last quarter. Vanguard Group Inc. increased its position in Spire by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,130,613 shares of the utilities provider’s stock valued at $377,356,000 after buying an additional 119,269 shares in the last quarter. Vanguard Group Inc increased its position in Spire by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 5,130,613 shares of the utilities provider’s stock valued at $377,356,000 after buying an additional 119,269 shares in the last quarter. Macquarie Group Ltd. increased its holdings in Spire by 22.6% during the 3rd quarter. Macquarie Group Ltd. now owns 1,043,788 shares of the utilities provider’s stock worth $76,771,000 after purchasing an additional 192,450 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Spire by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 930,240 shares of the utilities provider’s stock worth $68,417,000 after purchasing an additional 3,433 shares in the last quarter. 85.29% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on SR. Credit Suisse Group boosted their price objective on Spire from $71.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, November 19th. Morgan Stanley decreased their price objective on Spire from $77.00 to $73.00 and set a “sell” rating for the company in a report on Monday, October 29th. ValuEngine raised Spire from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Guggenheim lowered 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, Zacks Investment Research upgraded Spire from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Tuesday, January 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Spire presently has an average rating of “Hold” and an average price target of $75.75.
Spire stock traded down $1.53 during trading on Monday, hitting $77.02. The stock had a trading volume of 6,053 shares, compared to its average volume of 199,066. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 5.22 and a beta of 0.22. Spire Inc has a 1 year low of $63.80 and a 1 year high of $81.13. The company has a current ratio of 0.58, a quick ratio of 0.44 and a debt-to-equity ratio of 0.87.
Spire (NYSE:SR) last posted its earnings results on Wednesday, February 6th. The utilities provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.04). The company 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 EPS. As a group, equities research 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 will be paid on Tuesday, April 2nd. Shareholders of record on Monday, March 11th will be given a dividend of $0.5925 per share. The ex-dividend date is Friday, March 8th. This represents a $2.37 annualized dividend and a dividend yield of 3.08%. Spire’s dividend payout ratio is currently 63.71%.
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 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.
Further Reading: Coverage Ratio
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