Spire Inc. $SR Stock Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its stake in shares of Spire Inc. (NYSE:SR) by 12.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 344,119 shares of the utilities provider’s stock after selling 50,572 shares during the period. ProShare Advisors LLC’s holdings in Spire were worth $26,184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SR. Vise Technologies Inc. raised its stake in Spire by 29.5% in the third quarter. Vise Technologies Inc. now owns 6,012 shares of the utilities provider’s stock worth $457,000 after buying an additional 1,371 shares in the last quarter. Convergence Financial LLC purchased a new stake in Spire in the third quarter worth about $397,000. Roman Butler Fullerton & Co. lifted its holdings in Spire by 2.1% in the third quarter. Roman Butler Fullerton & Co. now owns 5,981 shares of the utilities provider’s stock worth $485,000 after buying an additional 124 shares during the period. Signaturefd LLC boosted its position in Spire by 209.7% during the 3rd quarter. Signaturefd LLC now owns 4,651 shares of the utilities provider’s stock valued at $354,000 after acquiring an additional 3,149 shares in the last quarter. Finally, Cardinal Capital Management boosted its position in Spire by 4.0% during the 3rd quarter. Cardinal Capital Management now owns 45,716 shares of the utilities provider’s stock valued at $3,516,000 after acquiring an additional 1,761 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 research analysts have weighed in on SR shares. Morgan Stanley reduced their target price on Spire from $91.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. BTIG Research reissued a “buy” rating and issued a $102.00 target price on shares of Spire in a research report on Monday, September 21st. Weiss Ratings upgraded Spire from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Huntington began coverage on Spire in a research report on Monday, September 14th. They set an “outperform” rating and a $93.00 price target on the stock. Finally, Wall Street Zen upgraded Spire from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.91.

Spire Stock Up 1.1%

NYSE:SR opened at $88.98 on Tuesday. The firm’s 50-day moving average price is $81.21 and its 200-day moving average price is $84.56. The company has a market capitalization of $5.26 billion, a PE ratio of 17.81, a P/E/G ratio of 1.39 and a beta of 0.52. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.37 and a quick ratio of 0.27. Spire Inc. has a 1-year low of $74.84 and a 1-year high of $95.31.

Spire (NYSE:SR) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.06. Spire had a net margin of 21.48% and a return on equity of 8.65%. The company had revenue of $420.20 million during the quarter, compared to analyst estimates of $394.62 million. During the same period last year, the business earned $0.01 EPS. Spire’s quarterly revenue was up 19.2% compared to the same quarter last year. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. On average, equities analysts predict that Spire Inc. will post 4.00 EPS for the current fiscal year.

Spire Company Profile

Spire Inc is an energy company that provides natural gas services to residential, commercial, industrial and other customers. Through its regulated utility operations, the company distributes natural gas and provides related customer services, with a focus on delivering dependable energy and maintaining the infrastructure needed to serve its communities.

Spire’s regulated utilities serve customers primarily in Missouri and Alabama, with operations that have also included service in Mississippi.