Walleye Capital LLC purchased a new position in shares of Spire Inc. (NYSE:SR – Get Rating) in the first quarter, HoldingsChannel reports. The institutional investor purchased 23,943 shares of the utilities provider’s stock, valued at approximately $1,718,000.
A number of other institutional investors have also recently added to or reduced their stakes in SR. Raymond James & Associates lifted its holdings in Spire by 24.7% in the 4th quarter. Raymond James & Associates now owns 17,278 shares of the utilities provider’s stock worth $1,127,000 after buying an additional 3,423 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Spire by 7.0% during the 4th quarter. HighTower Advisors LLC now owns 4,857 shares of the utilities provider’s stock valued at $318,000 after buying an additional 317 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Spire by 19.5% during the 4th quarter. Teacher Retirement System of Texas now owns 10,003 shares of the utilities provider’s stock valued at $652,000 after buying an additional 1,631 shares during the last quarter. Citigroup Inc. grew its position in shares of Spire by 117.9% during the 4th quarter. Citigroup Inc. now owns 17,055 shares of the utilities provider’s stock valued at $1,113,000 after buying an additional 9,228 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Spire by 229.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,500,546 shares of the utilities provider’s stock valued at $97,865,000 after buying an additional 1,045,621 shares during the last quarter. 95.64% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on SR shares. Wells Fargo & Company boosted their price objective on shares of Spire from $77.00 to $78.00 and gave the company an “equal weight” rating in a research report on Monday, August 8th. JPMorgan Chase & Co. raised shares of Spire from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $74.00 to $78.00 in a research report on Friday, September 9th. Mizuho upped their target price on shares of Spire from $74.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 25th. Morgan Stanley upped their target price on shares of Spire from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 23rd. Finally, StockNews.com cut shares of Spire from a “hold” rating to a “sell” rating in a research report on Saturday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $73.67.
Spire Trading Up 0.6 %
Spire (NYSE:SR – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $448.00 million during the quarter, compared to analysts’ expectations of $323.58 million. Spire had a net margin of 10.02% and a return on equity of 9.34%. The business’s revenue was up 36.7% on a year-over-year basis. During the same period last year, the firm posted $0.03 earnings per share. As a group, equities research analysts expect that Spire Inc. will post 3.9 EPS for the current fiscal year.
Spire Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Monday, September 12th will be paid a dividend of $0.685 per share. This represents a $2.74 annualized dividend and a yield of 3.96%. The ex-dividend date is Friday, September 9th. Spire’s dividend payout ratio is presently 69.90%.
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 in two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of natural gas.
- Get a free copy of the StockNews.com research report on Spire (SR)
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