ExodusPoint Capital Management LP Sells 16,612 Shares of Spire Inc. (NYSE:SR)

ExodusPoint Capital Management LP decreased its stake in shares of Spire Inc. (NYSE:SR - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,618 shares of the utilities provider's stock after selling 16,612 shares during the period. ExodusPoint Capital Management LP owned about 0.13% of Spire worth $5,197,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blair William & Co. IL increased its position in shares of Spire by 2.6% during the 4th quarter. Blair William & Co. IL now owns 6,027 shares of the utilities provider's stock valued at $409,000 after purchasing an additional 152 shares during the last quarter. GAMMA Investing LLC grew its position in Spire by 87.2% during 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 period. Parkside Financial Bank & Trust increased its holdings in Spire by 11.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,308 shares of the utilities provider's stock valued at $157,000 after buying an additional 241 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in Spire by 8.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 3,406 shares of the utilities provider's stock worth $230,000 after acquiring an additional 271 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Spire by 26.5% during the 4th quarter. Blue Trust Inc. now owns 1,337 shares of the utilities provider's stock worth $90,000 after acquiring an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company's stock.

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Spire Price Performance

Shares of NYSE:SR traded up $0.32 during midday trading on Friday, reaching $74.97. 370,978 shares of the company were exchanged, compared to its average volume of 388,402. The stock has a market cap of $4.37 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 2.82 and a beta of 0.56. The business's fifty day moving average is $75.51 and its two-hundred day moving average is $70.34. Spire Inc. has a one year low of $57.27 and a one year high of $79.81. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 1.21.

Spire (NYSE:SR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.34 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%. As a group, analysts predict that Spire Inc. will post 4.5 earnings per share for the current year.

Spire Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, March 11th were paid a dividend of $0.785 per share. This represents a $3.14 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend was Tuesday, March 11th. Spire's payout ratio is presently 76.03%.

Wall Street Analysts Forecast Growth

SR has been the topic of a number of recent research reports. StockNews.com raised Spire from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Morgan Stanley upped their price target on Spire from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Mizuho lifted their price objective on Spire from $76.00 to $82.00 and gave the company an "outperform" rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. raised shares of Spire from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $72.00 to $85.00 in a report on Thursday, March 20th. Finally, Janney Montgomery Scott began coverage on shares of Spire in a report on Tuesday, December 17th. They set a "neutral" rating and a $73.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $75.64.

About Spire

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.