Thompson Siegel & Walmsley LLC Grows Holdings in Spire Inc. (NYSE:SR)

Thompson Siegel & Walmsley LLC increased its position in Spire Inc. (NYSE:SR - Free Report) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 268,558 shares of the utilities provider's stock after acquiring an additional 11,738 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.46% of Spire worth $18,216,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SR. Meeder Asset Management Inc. bought a new stake in Spire during the third quarter valued at approximately $25,000. Golden State Wealth Management LLC bought a new stake in Spire during the fourth quarter valued at approximately $27,000. GAMMA Investing LLC lifted 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 purchasing an additional 204 shares during the last quarter. Larson Financial Group LLC lifted its position in Spire by 1,318.4% during the third quarter. Larson Financial Group LLC now owns 539 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 501 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Spire during the fourth quarter valued at approximately $37,000. 87.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Mizuho upgraded shares of Spire from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $65.00 to $76.00 in a research report on Friday, December 20th. Janney Montgomery Scott started coverage on shares of Spire in a research note on Tuesday, December 17th. They set a "neutral" rating and a $73.00 price target on the stock. UBS Group lifted their price target on shares of Spire from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Morgan Stanley decreased their price target on shares of Spire from $77.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Friday, November 22nd. Finally, StockNews.com downgraded shares of Spire from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $74.00.

Remove Ads

Spire Stock Up 0.2 %

Shares of SR stock traded up $0.15 during mid-day trading on Monday, reaching $76.26. 333,992 shares of the company's stock traded hands, compared to its average volume of 340,980. Spire Inc. has a 12 month low of $57.27 and a 12 month high of $78.80. The company has a market cap of $4.45 billion, a P/E ratio of 18.46, a P/E/G ratio of 2.82 and a beta of 0.53. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 1.21. The company's 50-day moving average price is $72.29 and its 200-day moving average price is $68.82.

Spire (NYSE:SR - Get Free Report) last announced its quarterly earnings results 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%. On average, equities analysts expect that Spire Inc. will post 4.5 earnings per share for the current fiscal year.

Spire Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 11th will be paid a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Tuesday, March 11th. Spire's payout ratio is 76.03%.

Spire Company Profile

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.