Wipfli Financial Advisors LLC Makes New $30,000 Investment in Spire Inc. (NYSE:SR)

Wipfli Financial Advisors LLC bought a new stake in Spire Inc. (NYSE:SRGet Rating) in the third quarter, Holdings Channel reports. The institutional investor bought 483 shares of the utilities provider’s stock, valued at approximately $30,000.

A number of other institutional investors also recently modified their holdings of SR. Private Trust Co. NA bought a new position in Spire in the 3rd quarter worth approximately $32,000. Quadrant Capital Group LLC grew its holdings in shares of Spire by 47.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 581 shares of the utilities provider’s stock valued at $43,000 after buying an additional 186 shares during the period. Cohen & Steers Inc. grew its holdings in shares of Spire by 31.8% in the 1st quarter. Cohen & Steers Inc. now owns 639 shares of the utilities provider’s stock valued at $46,000 after buying an additional 154 shares during the period. Gladius Capital Management LP acquired a new position in Spire in the 2nd quarter worth $90,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Spire by 191.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,466 shares of the utilities provider’s stock worth $109,000 after purchasing an additional 963 shares during the period. Institutional investors own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. cut shares of Spire from an “overweight” rating to a “neutral” rating and set a $69.00 price target on the stock. in a research report on Monday, December 5th. Guggenheim increased their target price on shares of Spire from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 7th. TheStreet lowered shares of Spire from a “b-” rating to a “c+” rating in a research report on Monday, September 26th. Mizuho reduced their price target on shares of Spire from $72.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday, December 8th. Finally, Morgan Stanley increased their price target on shares of Spire from $73.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 15th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $68.86.

Spire Stock Down 0.3 %

SR opened at $70.16 on Friday. The firm has a market capitalization of $3.69 billion, a P/E ratio of 17.63, a PEG ratio of 3.54 and a beta of 0.42. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.68 and a quick ratio of 0.50. Spire Inc. has a fifty-two week low of $61.52 and a fifty-two week high of $79.24. The company’s 50-day moving average is $70.15 and its 200 day moving average is $69.96.

Spire (NYSE:SRGet Rating) last posted its quarterly earnings results on Wednesday, November 16th. The utilities provider reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.64) by ($0.02). Spire had a net margin of 10.04% and a return on equity of 8.48%. The business had revenue of $314.20 million during the quarter, compared to the consensus estimate of $280.97 million. Research analysts expect that Spire Inc. will post 4.14 earnings per share for the current fiscal year.

Spire Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 4th. Stockholders of record on Monday, December 12th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, December 9th. Spire’s dividend payout ratio (DPR) is currently 72.36%.

Spire Company Profile

(Get Rating)

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 two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of natural gas.

See Also

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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