2,193 Shares in Spire Inc (NYSE:SR) Bought by Kavar Capital Partners LLC

Kavar Capital Partners LLC purchased a new position in shares of Spire Inc (NYSE:SR) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 2,193 shares of the utilities provider’s stock, valued at approximately $184,000.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Spire by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 940,227 shares of the utilities provider’s stock worth $69,651,000 after acquiring an additional 9,987 shares in the last quarter. Norges Bank purchased a new stake in shares of Spire during the 4th quarter worth about $30,284,000. Geode Capital Management LLC boosted its stake in shares of Spire by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 524,755 shares of the utilities provider’s stock worth $38,873,000 after acquiring an additional 36,785 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Spire during the 1st quarter worth about $355,000. Finally, Retirement Systems of Alabama purchased a new stake in shares of Spire during the 1st quarter worth about $5,435,000. Hedge funds and other institutional investors own 78.55% of the company’s stock.

Several research firms have recently issued reports on SR. Wells Fargo & Co lowered their target price on shares of Spire from $91.00 to $88.00 and set a “market perform” rating on the stock in a research note on Friday, August 9th. Credit Suisse Group set a $75.00 target price on shares of Spire and gave the stock a “sell” rating in a research note on Monday, April 22nd. Zacks Investment Research lowered shares of Spire from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley set a $80.00 target price on shares of Spire and gave the stock a “sell” rating in a research note on Thursday, May 16th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $81.80.

In related news, Director Edward L. Glotzbach purchased 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were purchased at an average cost of $26.00 per share, with a total value of $208,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.90% of the company’s stock.

Spire stock traded up $0.82 during midday trading on Thursday, reaching $81.07. The company had a trading volume of 3,162 shares, compared to its average volume of 230,632. The company has a market capitalization of $4.09 billion, a P/E ratio of 21.72, a P/E/G ratio of 4.88 and a beta of 0.21. Spire Inc has a 12-month low of $70.53 and a 12-month high of $87.13. The business has a fifty day moving average of $83.81. The company has a quick ratio of 0.40, a current ratio of 0.53 and a debt-to-equity ratio of 0.86.

Spire (NYSE:SR) last issued its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). The company had revenue of $321.30 million during the quarter, compared to analysts’ expectations of $333.14 million. Spire had a net margin of 9.74% and a return on equity of 7.56%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share. On average, research analysts forecast that Spire Inc will post 3.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be paid a $0.592 dividend. This represents a $2.37 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Tuesday, September 10th. Spire’s dividend payout ratio is presently 63.71%.

Spire 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.

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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