Private Advisor Group LLC held its position in shares of Spire Inc. (NYSE:SR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,852 shares of the utilities provider’s stock at the close of the second quarter. Private Advisor Group LLC’s holdings in Spire were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in SR. Advisors Asset Management Inc. lifted its position in Spire by 5.9% in the 1st quarter. Advisors Asset Management Inc. now owns 7,156 shares of the utilities provider’s stock valued at $483,000 after acquiring an additional 398 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Spire by 4.4% in the 1st quarter. Bank of New York Mellon Corp now owns 764,860 shares of the utilities provider’s stock valued at $51,628,000 after acquiring an additional 32,048 shares in the last quarter. Swiss National Bank lifted its position in Spire by 0.9% in the 1st quarter. Swiss National Bank now owns 75,250 shares of the utilities provider’s stock valued at $5,079,000 after acquiring an additional 700 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in Spire by 65.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 37,182 shares of the utilities provider’s stock valued at $2,510,000 after acquiring an additional 14,738 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in Spire in the 1st quarter valued at approximately $2,107,000. 79.06% of the stock is currently owned by institutional investors and hedge funds.
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Several equities analysts recently issued reports on SR shares. Zacks Investment Research raised Spire from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Wednesday, July 12th. Morgan Stanley upped their price objective on Spire from $73.00 to $75.00 and gave the company an “underweight” rating in a research report on Friday, September 8th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $71.00 price objective on shares of Spire in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $73.00 price objective on shares of Spire in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $72.17.
Shares of Spire Inc. (NYSE:SR) opened at 75.40 on Tuesday. Spire Inc. has a 52 week low of $59.54 and a 52 week high of $78.00. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 21.79 and a beta of 0.33. The firm’s 50-day moving average is $75.94 and its 200-day moving average is $70.94.
Spire (NYSE:SR) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.05. The company had revenue of $323.50 million during the quarter, compared to the consensus estimate of $293.99 million. Spire had a net margin of 9.12% and a return on equity of 8.77%. Spire’s revenue was up 29.8% compared to the same quarter last year. During the same period last year, the firm earned $0.33 earnings per share. Analysts forecast that Spire Inc. will post $3.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Monday, September 11th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $2.10 annualized dividend and a yield of 2.79%. Spire’s dividend payout ratio (DPR) is 60.17%.
Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.
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