XTX Topco Ltd purchased a new stake in shares of Spire Inc. (NYSE:SR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,778 shares of the utilities provider's stock, valued at approximately $324,000.
A number of other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Spire during the 4th quarter worth $42,432,000. Wellington Management Group LLP lifted its position in shares of Spire by 29.0% during the fourth quarter. Wellington Management Group LLP now owns 1,022,870 shares of the utilities provider's stock valued at $69,381,000 after buying an additional 229,662 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Spire by 48.0% in the 4th quarter. JPMorgan Chase & Co. now owns 428,701 shares of the utilities provider's stock valued at $29,079,000 after buying an additional 138,971 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Spire in the 4th quarter worth approximately $8,277,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Spire by 15.8% during the 4th quarter. Bank of New York Mellon Corp now owns 778,442 shares of the utilities provider's stock worth $52,802,000 after acquiring an additional 106,386 shares in the last quarter. Hedge funds and other institutional investors own 87.36% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on SR shares. StockNews.com raised Spire from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. LADENBURG THALM/SH SH raised Spire to a "strong-buy" rating in a report on Monday, March 17th. JPMorgan Chase & Co. upgraded shares of Spire from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $72.00 to $85.00 in a report on Thursday, March 20th. Morgan Stanley lifted their target price on shares of Spire from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Finally, Mizuho upped their price target 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 given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $76.70.
Check Out Our Latest Stock Report on SR
Spire Stock Performance
Shares of NYSE SR traded up $0.17 during trading on Monday, reaching $77.19. 180,759 shares of the company traded hands, compared to its average volume of 434,069. Spire Inc. has a 12-month low of $57.77 and a 12-month 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. The stock has a market cap of $4.50 billion, a P/E ratio of 18.69, a PEG ratio of 2.82 and a beta of 0.56. The firm's fifty day simple moving average is $76.38 and its 200 day simple moving average is $71.20.
Spire (NYSE:SR - Get Free Report) last released its quarterly earnings data 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, research analysts anticipate that Spire Inc. will post 4.5 earnings per share for the current fiscal year.
Spire Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be paid a $0.785 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $3.14 annualized dividend and a dividend yield of 4.07%. Spire's dividend payout ratio is presently 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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