Neuberger Berman Group LLC trimmed its holdings in shares of Spire Inc (NYSE:SR) by 5.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,826 shares of the utilities provider’s stock after selling 229 shares during the period. Neuberger Berman Group LLC’s holdings in Spire were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of SR. Honkamp Krueger Financial Services Inc. acquired a new position in Spire in the 3rd quarter worth about $125,000. BDO Wealth Advisors LLC acquired a new position in Spire in the 2nd quarter worth about $146,000. Moneta Group Investment Advisors LLC increased its position in Spire by 86.9% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 2,200 shares of the utilities provider’s stock worth $155,000 after purchasing an additional 1,023 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Spire in the 2nd quarter worth about $178,000. Finally, Jones Financial Companies Lllp acquired a new position in Spire in the 3rd quarter worth about $231,000. 82.18% of the stock is currently owned by hedge funds and other institutional investors.
SR has been the topic of several research reports. Zacks Investment Research raised Spire from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Tuesday, January 1st. ValuEngine raised Spire from a “hold” rating to a “buy” rating in a research report on Monday, November 12th. Wells Fargo & Co set a $82.00 price target on Spire and gave the stock a “buy” rating in a research note on Monday, September 17th. Guggenheim downgraded Spire from a “buy” rating to a “neutral” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. Finally, Credit Suisse Group upped their price target on Spire from $71.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, November 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $76.00.
SR opened at $74.25 on Monday. The stock has a market cap of $3.73 billion, a PE ratio of 19.96, a P/E/G ratio of 4.96 and a beta of 0.16. Spire Inc has a 52-week low of $60.08 and a 52-week high of $81.13. The company has a quick ratio of 0.34, a current ratio of 0.50 and a debt-to-equity ratio of 0.84.
Spire (NYSE:SR) last released its quarterly earnings results on Thursday, November 15th. The utilities provider reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.07. The company had revenue of $239.20 million during the quarter, compared to the consensus estimate of $237.31 million. Spire had a return on equity of 8.35% and a net margin of 10.90%. On average, equities research analysts forecast that Spire Inc will post 3.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 3rd. Stockholders of record on Tuesday, December 11th were paid a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Monday, December 10th. This is an increase from Spire’s previous quarterly dividend of $0.56. Spire’s dividend payout ratio is 63.71%.
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Spire Inc, through 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 two segments, Gas Utility and Gas Marketing. It is also involved in marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.
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