AlphaQuest LLC decreased its holdings in Spire Inc. (NYSE:SR - Free Report) by 96.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 981 shares of the utilities provider's stock after selling 27,142 shares during the quarter. AlphaQuest LLC's holdings in Spire were worth $67,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of SR. Meeder Asset Management Inc. bought a new stake in Spire in the third quarter valued at about $25,000. Golden State Wealth Management LLC bought a new stake in Spire in the fourth quarter valued at about $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. Larson Financial Group LLC increased its holdings in Spire by 1,318.4% in the third quarter. Larson Financial Group LLC now owns 539 shares of the utilities provider's stock valued at $36,000 after buying an additional 501 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Spire in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 87.36% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on SR. LADENBURG THALM/SH SH raised Spire to a "strong-buy" rating in a report on Monday, March 17th. StockNews.com raised Spire from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Mizuho upped their target price on Spire from $76.00 to $82.00 and gave the company an "outperform" rating in a report on Wednesday. Bank of America assumed coverage on Spire in a report on Friday, December 13th. They set a "neutral" rating and a $70.00 target price for the company. Finally, Janney Montgomery Scott assumed coverage on Spire in a report on Tuesday, December 17th. They set a "neutral" rating and a $73.00 target price for the company. Seven analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Spire currently has a consensus rating of "Hold" and an average target price of $76.00.
Check Out Our Latest Report on Spire
Spire Stock Performance
SR stock traded down $1.10 on Friday, reaching $76.31. The company's stock had a trading volume of 898,892 shares, compared to its average volume of 345,944. Spire Inc. has a 52 week low of $57.27 and a 52 week high of $78.83. The company has a market capitalization of $4.45 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 2.82 and a beta of 0.53. The firm has a fifty day moving average of $73.30 and a two-hundred day moving average of $69.18. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.50 and a quick ratio of 0.37.
Spire (NYSE:SR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.42 by ($0.08). Spire had a return on equity of 7.88% and a net margin of 9.70%. As a group, analysts predict that Spire Inc. will post 4.5 EPS for the current fiscal year.
Spire Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 11th will be issued a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Tuesday, March 11th. Spire's dividend payout ratio (DPR) is 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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