Van Lanschot Kempen Investment Management N.V. bought a new stake in Spire Inc. (NYSE:SR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 45,700 shares of the utilities provider's stock, valued at approximately $3,100,000. Van Lanschot Kempen Investment Management N.V. owned 0.08% of Spire at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new stake in shares of Spire in the 4th quarter valued at $27,000. GAMMA Investing LLC increased its holdings in Spire by 87.2% in the fourth quarter. GAMMA Investing LLC now owns 438 shares of the utilities provider's stock valued at $30,000 after buying an additional 204 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in Spire in the fourth quarter valued at $32,000. R Squared Ltd purchased a new stake in Spire during the 4th quarter worth about $37,000. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Spire by 431.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 627 shares of the utilities provider's stock worth $43,000 after acquiring an additional 509 shares in the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on SR. LADENBURG THALM/SH SH raised Spire to a "strong-buy" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. raised shares of Spire from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $72.00 to $85.00 in a report on Thursday, March 20th. Morgan Stanley upped their target price on shares of Spire from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Guggenheim lifted their price target on shares of Spire from $67.00 to $72.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Finally, Mizuho upped their price objective on shares of Spire from $76.00 to $82.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $76.70.
View Our Latest Stock Report on Spire
Spire Stock Performance
SR traded down $0.95 during trading on Friday, reaching $77.01. The company's stock had a trading volume of 472,442 shares, compared to its average volume of 389,009. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 2.82 and a beta of 0.56. The company's fifty day moving average price is $76.34 and its 200-day moving average price is $71.01. Spire Inc. has a 52-week low of $57.77 and a 52-week high of $79.81. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.37 and a current ratio of 0.50.
Spire (NYSE:SR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.08). Spire had a return on equity of 7.88% and a net margin of 9.70%. On average, equities analysts forecast that Spire Inc. will post 4.5 earnings per share for the current fiscal year.
Spire Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.785 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $3.14 annualized dividend and a dividend yield of 4.08%. Spire's payout ratio is currently 76.03%.
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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