Spire Inc. $SR Shares Purchased by Greenland Capital Management LP

Greenland Capital Management LP boosted its holdings in shares of Spire Inc. (NYSE:SR) by 49.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,500 shares of the utilities provider’s stock after acquiring an additional 12,060 shares during the period. Greenland Capital Management LP’s holdings in Spire were worth $2,664,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SR. Geode Capital Management LLC increased its holdings in shares of Spire by 1.5% in the second quarter. Geode Capital Management LLC now owns 1,512,167 shares of the utilities provider’s stock valued at $110,386,000 after purchasing an additional 22,296 shares during the last quarter. Duff & Phelps Investment Management Co. grew its holdings in Spire by 32.8% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,030,625 shares of the utilities provider’s stock valued at $75,225,000 after buying an additional 254,285 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Spire by 9.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 974,127 shares of the utilities provider’s stock valued at $71,102,000 after buying an additional 80,965 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Spire in the 1st quarter worth $73,254,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Spire by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 797,644 shares of the utilities provider’s stock worth $58,220,000 after acquiring an additional 19,115 shares during the period. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Spire Stock Performance

NYSE:SR opened at $86.19 on Wednesday. Spire Inc. has a fifty-two week low of $64.44 and a fifty-two week high of $91.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.27 and a current ratio of 0.37. The company has a 50 day moving average price of $83.65 and a 200 day moving average price of $77.90. The stock has a market capitalization of $5.09 billion, a P/E ratio of 18.61, a PEG ratio of 2.50 and a beta of 0.72.

Spire (NYSE:SR) last released its earnings results on Friday, November 14th. The utilities provider reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.01). Spire had a return on equity of 8.66% and a net margin of 11.56%.The business had revenue of $334.10 million for the quarter, compared to analyst estimates of $439.56 million. During the same quarter last year, the company earned ($0.54) earnings per share. Spire’s quarterly revenue was up 13.7% compared to the same quarter last year. 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 forecast that Spire Inc. will post 4.5 EPS for the current year.

Spire Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Thursday, December 11th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 3.8%. This is a boost from Spire’s previous quarterly dividend of $0.79. The ex-dividend date is Thursday, December 11th. Spire’s dividend payout ratio (DPR) is 75.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SR. Bank of America raised shares of Spire from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $76.00 to $89.00 in a report on Wednesday, October 29th. Weiss Ratings cut shares of Spire from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Mizuho lifted their price target on shares of Spire from $83.00 to $93.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Jefferies Financial Group upgraded Spire to a “strong-buy” rating in a report on Tuesday, October 7th. Finally, Morgan Stanley increased their price objective on Spire from $91.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $86.75.

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.