Spire Inc. (NYSE:SR) Stock Position Lowered by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in shares of Spire Inc. (NYSE:SRFree Report) by 14.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,932 shares of the utilities provider’s stock after selling 16,103 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.18% of Spire worth $5,371,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. State of New Jersey Common Pension Fund D increased its position in Spire by 13.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 42,160 shares of the utilities provider’s stock valued at $2,385,000 after acquiring an additional 5,056 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Spire by 25.7% during the third quarter. HighTower Advisors LLC now owns 6,611 shares of the utilities provider’s stock worth $379,000 after buying an additional 1,353 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Spire during the third quarter valued at approximately $291,000. Plancorp LLC acquired a new position in Spire during the third quarter valued at approximately $227,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Spire by 5.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 648,864 shares of the utilities provider’s stock valued at $36,713,000 after buying an additional 33,153 shares during the period. Institutional investors and hedge funds own 87.36% of the company’s stock.

Insider Buying and Selling

In related news, insider Joseph B. Hampton sold 1,294 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $58.13, for a total transaction of $75,220.22. Following the transaction, the insider now directly owns 6,768 shares of the company’s stock, valued at $393,423.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Spire news, insider Joseph B. Hampton sold 1,294 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $58.13, for a total transaction of $75,220.22. Following the sale, the insider now directly owns 6,768 shares in the company, valued at $393,423.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul D. Koonce acquired 500 shares of Spire stock in a transaction on Monday, November 20th. The shares were purchased at an average price of $60.95 per share, for a total transaction of $30,475.00. Following the completion of the purchase, the director now directly owns 500 shares of the company’s stock, valued at $30,475. The disclosure for this purchase can be found here. 2.86% of the stock is owned by insiders.

Spire Price Performance

Shares of SR opened at $58.35 on Monday. The firm has a market capitalization of $3.21 billion, a PE ratio of 15.73, a PEG ratio of 2.39 and a beta of 0.50. The company’s 50-day moving average is $61.22 and its 200-day moving average is $59.71. Spire Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $73.28. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.55 and a quick ratio of 0.43.

Spire (NYSE:SRGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.10. Spire had a net margin of 8.11% and a return on equity of 8.27%. The company had revenue of $756.60 million for the quarter, compared to analyst estimates of $688.88 million. During the same period in the prior year, the firm earned $1.55 earnings per share. The company’s revenue was down 7.1% on a year-over-year basis. Equities analysts forecast that Spire Inc. will post 4.34 EPS for the current year.

Spire Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Monday, March 11th will be given a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date is Friday, March 8th. Spire’s dividend payout ratio is 81.40%.

Analyst Ratings Changes

SR has been the subject of several recent research reports. Bank of America increased their target price on shares of Spire from $53.00 to $55.00 and gave the stock an “underperform” rating in a report on Tuesday, November 28th. Mizuho dropped their price target on shares of Spire from $66.00 to $64.00 and set a “buy” rating on the stock in a research report on Monday, January 22nd. Wells Fargo & Company dropped their price target on shares of Spire from $67.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Friday, November 17th. Stifel Nicolaus dropped their price target on shares of Spire from $67.00 to $64.00 and set a “hold” rating on the stock in a research report on Monday, November 20th. Finally, Morgan Stanley dropped their price target on shares of Spire from $66.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Spire presently has a consensus rating of “Hold” and an average target price of $61.43.

Check Out Our Latest Analysis on SR

About Spire

(Free Report)

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.

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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