Vaughan Nelson Investment Management L.P. increased its stake in shares of Spire Inc. (NYSE:SR) by 3.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 864,525 shares of the utilities provider’s stock after buying an additional 30,775 shares during the period. Vaughan Nelson Investment Management L.P. owned 1.79% of Spire worth $60,300,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its stake in Spire by 87.8% in the second quarter. State of Alaska Department of Revenue now owns 9,522 shares of the utilities provider’s stock valued at $664,000 after buying an additional 4,452 shares during the last quarter. Creative Planning boosted its stake in Spire by 6.1% in the second quarter. Creative Planning now owns 3,826 shares of the utilities provider’s stock valued at $267,000 after buying an additional 220 shares during the last quarter. Bank of Montreal Can boosted its stake in Spire by 1.2% in the second quarter. Bank of Montreal Can now owns 32,322 shares of the utilities provider’s stock valued at $2,255,000 after buying an additional 372 shares during the last quarter. Green Square Capital LLC bought a new stake in Spire during the first quarter valued at $409,000. Finally, Macquarie Group Ltd. boosted its stake in Spire by 15.1% in the first quarter. Macquarie Group Ltd. now owns 429,571 shares of the utilities provider’s stock valued at $28,996,000 after buying an additional 56,375 shares during the last quarter. Hedge funds and other institutional investors own 74.68% of the company’s stock.
Shares of Spire Inc. (NYSE SR) traded down 1.31% on Friday, hitting $75.05. 169,155 shares of the stock traded hands. Spire Inc. has a 1-year low of $59.54 and a 1-year high of $76.20. The stock has a 50 day moving average of $71.54 and a 200-day moving average of $68.62. The stock has a market cap of $3.62 billion, a PE ratio of 21.68 and a beta of 0.33.
Spire (NYSE:SR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The business 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%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. On average, equities research analysts expect that Spire Inc. will post $3.57 EPS for the current 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 given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Friday, September 8th. Spire’s dividend payout ratio is presently 60.17%.
Several research firms have weighed in on SR. Morgan Stanley raised their price objective on shares of Spire from $68.00 to $73.00 and gave the company an “underweight” rating in a research report on Thursday. Royal Bank Of Canada restated a “hold” rating and issued a $73.00 price objective on shares of Spire in a research report on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $71.00 target price on shares of Spire in a research note on Thursday, August 3rd. Finally, Zacks Investment Research lowered shares of Spire from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Spire has a consensus rating of “Hold” and a consensus price target of $71.43.
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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