Kingsview Wealth Management LLC Takes $2.40 Million Position in Spire Inc. $SR

Kingsview Wealth Management LLC purchased a new stake in Spire Inc. (NYSE:SR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 32,815 shares of the utilities provider’s stock, valued at approximately $2,395,000.

Several other hedge funds also recently modified their holdings of the company. Hantz Financial Services Inc. raised its stake in shares of Spire by 1,957.1% in the second quarter. Hantz Financial Services Inc. now owns 432 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 411 shares during the last quarter. Quarry LP bought a new position in Spire during the first quarter worth about $50,000. Bayforest Capital Ltd grew its holdings in Spire by 2,648.0% during the first quarter. Bayforest Capital Ltd now owns 687 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 662 shares during the period. Parallel Advisors LLC increased its position in shares of Spire by 75.2% in the 2nd quarter. Parallel Advisors LLC now owns 785 shares of the utilities provider’s stock valued at $57,000 after buying an additional 337 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Spire by 21.7% during the first quarter. Signaturefd LLC now owns 914 shares of the utilities provider’s stock worth $72,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 87.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SR. Morgan Stanley boosted their price target on Spire from $91.00 to $99.00 and gave the company an “equal weight” rating in a report on Tuesday. Bank of America raised shares of Spire from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $76.00 to $89.00 in a research report on Wednesday, October 29th. BTIG Research upgraded Spire to a “strong-buy” rating in a research note on Wednesday, October 22nd. UBS Group boosted their price objective on Spire from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Jefferies Financial Group upgraded shares of Spire to a “strong-buy” rating in a research note on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Spire presently has an average rating of “Moderate Buy” and a consensus price target of $86.75.

Spire Stock Up 1.6%

NYSE:SR opened at $86.19 on Wednesday. Spire Inc. has a one year low of $64.44 and a one year high of $91.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.37 and a quick ratio of 0.27. The company has a market cap of $5.09 billion, a PE ratio of 18.61, a P/E/G ratio of 2.50 and a beta of 0.72. The firm’s 50 day simple moving average is $83.65 and its 200 day simple moving average is $77.90.

Spire (NYSE:SR) last posted its quarterly earnings data on Friday, November 14th. The utilities provider reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.01). Spire had a return on equity of 8.66% and a net margin of 11.56%.The company had revenue of $334.10 million during the quarter, compared to analyst estimates of $439.56 million. During the same period in the prior year, the firm earned ($0.54) earnings per share. Spire’s revenue was up 13.7% compared to the same quarter last year. Spire has set its FY 2027 guidance at 5.650-5.850 EPS. FY 2026 guidance at 5.250-5.450 EPS. On average, research analysts anticipate that Spire Inc. will post 4.5 earnings per share for the current year.

Spire Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Thursday, December 11th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 3.8%. This is an increase from Spire’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Thursday, December 11th. Spire’s payout ratio is presently 75.00%.

Spire 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.