Mutual of America Capital Management LLC Decreases Holdings in Spire Inc. (NYSE:SR)

Mutual of America Capital Management LLC cut its holdings in shares of Spire Inc. (NYSE:SRFree Report) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,074 shares of the utilities provider’s stock after selling 2,710 shares during the quarter. Mutual of America Capital Management LLC owned 0.17% of Spire worth $5,040,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in shares of Spire by 81.9% in the third quarter. Fifth Third Bancorp now owns 644 shares of the utilities provider’s stock worth $36,000 after buying an additional 290 shares during the period. Quarry LP increased its stake in shares of Spire by 817.5% in the second quarter. Quarry LP now owns 578 shares of the utilities provider’s stock worth $37,000 after buying an additional 515 shares during the period. Cohen & Steers Inc. increased its stake in shares of Spire by 31.8% in the first quarter. Cohen & Steers Inc. now owns 639 shares of the utilities provider’s stock worth $46,000 after buying an additional 154 shares during the period. Larson Financial Group LLC increased its stake in shares of Spire by 96.8% in the second quarter. Larson Financial Group LLC now owns 1,092 shares of the utilities provider’s stock worth $69,000 after buying an additional 537 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Spire by 159.2% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,003 shares of the utilities provider’s stock worth $70,000 after buying an additional 616 shares during the period. 87.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on Spire

Spire Stock Performance

Shares of Spire stock opened at $59.34 on Tuesday. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 2.39 and a beta of 0.50. The firm’s 50-day moving average is $61.22 and its 200 day moving average is $59.67. Spire Inc. has a 1 year low of $53.77 and a 1 year 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 announced its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.10. The company had revenue of $756.60 million for the quarter, compared to analysts’ expectations of $688.88 million. Spire had a net margin of 8.11% and a return on equity of 8.27%. Spire’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.55 EPS. Sell-side analysts anticipate that Spire Inc. will post 4.34 EPS for the current fiscal year.

Spire Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Monday, March 11th will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Friday, March 8th. Spire’s payout ratio is 81.40%.

Spire Profile

(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.

Further Reading

Institutional Ownership by Quarter for Spire (NYSE:SR)

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