8,201 Shares in Spire Inc. $SR Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new stake in shares of Spire Inc. (NYSE:SRFree Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,201 shares of the utilities provider’s stock, valued at approximately $599,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CWM LLC lifted its holdings in shares of Spire by 19.7% during the second quarter. CWM LLC now owns 19,723 shares of the utilities provider’s stock valued at $1,440,000 after acquiring an additional 3,241 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Spire by 12.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,974 shares of the utilities provider’s stock valued at $655,000 after acquiring an additional 1,018 shares during the period. Inspire Investing LLC lifted its holdings in shares of Spire by 18.2% during the second quarter. Inspire Investing LLC now owns 5,440 shares of the utilities provider’s stock valued at $397,000 after acquiring an additional 836 shares during the period. US Bancorp DE lifted its holdings in shares of Spire by 21.3% during the second quarter. US Bancorp DE now owns 20,035 shares of the utilities provider’s stock valued at $1,462,000 after acquiring an additional 3,517 shares during the period. Finally, Maryland State Retirement & Pension System lifted its holdings in shares of Spire by 7.5% during the second quarter. Maryland State Retirement & Pension System now owns 53,185 shares of the utilities provider’s stock valued at $3,882,000 after acquiring an additional 3,703 shares during the period. 87.36% of the stock is owned by institutional investors.

Spire Stock Performance

Shares of NYSE:SR opened at $85.47 on Monday. The business has a fifty day moving average of $78.45 and a 200-day moving average of $76.07. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.27 and a current ratio of 0.37. The firm has a market cap of $5.04 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.48 and a beta of 0.69. Spire Inc. has a twelve month low of $61.87 and a twelve month high of $86.31.

Spire (NYSE:SRGet Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.10. The firm had revenue of $421.90 million during the quarter, compared to analyst estimates of $417.27 million. Spire had a return on equity of 8.66% and a net margin of 11.56%.The company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned ($0.14) earnings per share. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. On average, equities research analysts predict that Spire Inc. will post 4.5 EPS for the current fiscal year.

Spire Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Thursday, September 11th. Spire’s dividend payout ratio (DPR) is presently 67.82%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SR. Stifel Nicolaus set a $81.00 price objective on Spire and gave the company a “hold” rating in a report on Tuesday, July 15th. Morgan Stanley cut their price objective on Spire from $81.00 to $76.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Spire in a research note on Wednesday, October 8th. Jefferies Financial Group upgraded Spire to a “strong-buy” rating in a research note on Tuesday, October 7th. Finally, Bank of America restated an “underperform” rating and issued a $76.00 target price (down from $81.00) on shares of Spire in a research note on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.36.

Read Our Latest Research Report on SR

Spire Company Profile

(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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Institutional Ownership by Quarter for Spire (NYSE:SR)

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