Spire Inc. (NYSE:SR) Holdings Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in Spire Inc. (NYSE:SR) by 0.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 80,060 shares of the utilities provider’s stock after selling 477 shares during the period. Mutual of America Capital Management LLC owned approximately 0.14% of Spire worth $6,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Michigan Retirement System grew its position in Spire by 2.2% in the 1st quarter. State of Michigan Retirement System now owns 13,936 shares of the utilities provider’s stock worth $1,090,000 after purchasing an additional 300 shares during the last quarter. Cerity Partners LLC grew its position in Spire by 6.6% in the 1st quarter. Cerity Partners LLC now owns 28,050 shares of the utilities provider’s stock worth $2,195,000 after purchasing an additional 1,726 shares during the last quarter. Alps Advisors Inc. grew its position in Spire by 7.8% in the 1st quarter. Alps Advisors Inc. now owns 17,778 shares of the utilities provider’s stock worth $1,391,000 after purchasing an additional 1,281 shares during the last quarter. Moloney Securities Asset Management LLC bought a new position in Spire in the 1st quarter worth about $318,000. Finally, M&T Bank Corp acquired a new stake in shares of Spire in the 1st quarter worth approximately $207,000. Institutional investors own 87.36% of the company’s stock.

Spire Stock Up 1.6%

SR stock opened at $75.60 on Tuesday. Spire Inc. has a 12 month low of $61.56 and a 12 month high of $79.81. The firm has a market cap of $4.46 billion, a PE ratio of 18.62, a P/E/G ratio of 2.53 and a beta of 0.62. The firm has a 50 day simple moving average of $73.84 and a 200 day simple moving average of $73.78. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.43 and a quick ratio of 0.34.

Spire (NYSE:SR) last released its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.10). Spire had a net margin of 10.22% and a return on equity of 8.49%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the firm earned $3.45 EPS. The firm’s revenue was down 6.8% compared to the same quarter last year. Equities research analysts forecast that Spire Inc. will post 4.5 earnings per share for the current fiscal year.

Spire Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, April 11th were issued a dividend of $0.785 per share. The ex-dividend date was Wednesday, June 11th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 4.15%. Spire’s dividend payout ratio is currently 77.34%.

Analyst Upgrades and Downgrades

SR has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an “underperform” rating on shares of Spire in a research note on Wednesday, June 18th. Wells Fargo & Company upped their price target on shares of Spire from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st. Wall Street Zen raised shares of Spire from a “sell” rating to a “hold” rating in a research note on Friday, May 9th. Guggenheim upped their price target on shares of Spire from $67.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 1st. Finally, LADENBURG THALM/SH SH raised shares of Spire to a “strong-buy” rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $77.40.

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.