Public Employees Retirement System of Ohio Has $144,000 Stake in Spire Inc. (SR)

Public Employees Retirement System of Ohio grew its stake in shares of Spire Inc. (NYSE:SR) by 11.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,070 shares of the utilities provider’s stock after buying an additional 209 shares during the period. Public Employees Retirement System of Ohio’s holdings in Spire were worth $144,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SR. Teachers Advisors LLC lifted its position in shares of Spire by 2.4% during the 1st quarter. Teachers Advisors LLC now owns 82,235 shares of the utilities provider’s stock valued at $5,551,000 after buying an additional 1,907 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Spire by 1.2% during the 2nd 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 in the last quarter. Creative Planning lifted its position in shares of Spire by 6.1% during the 2nd quarter. Creative Planning now owns 3,826 shares of the utilities provider’s stock valued at $267,000 after buying an additional 220 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Spire by 87.8% during the 2nd 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 in the last quarter. Finally, LS Investment Advisors LLC lifted its position in shares of Spire by 13.0% during the 2nd quarter. LS Investment Advisors LLC now owns 1,793 shares of the utilities provider’s stock valued at $125,000 after buying an additional 206 shares in the last quarter. 79.44% of the stock is currently owned by hedge funds and other institutional investors.

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SR has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $71.00 price objective on shares of Spire in a research report on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $73.00 price target on shares of Spire in a report on Wednesday, August 9th. Morgan Stanley boosted their price target on Spire from $68.00 to $73.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. Zacks Investment Research raised Spire from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Wednesday, October 4th. Finally, J P Morgan Chase & Co boosted their price target on Spire from $71.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Spire currently has a consensus rating of “Hold” and an average target price of $75.00.

Spire Inc. (NYSE:SR) opened at $78.55 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.69 and a debt-to-equity ratio of 0.95. Spire Inc. has a twelve month low of $62.33 and a twelve month high of $79.65. The company has a market capitalization of $3,793.40, a P/E ratio of 22.20, a P/E/G ratio of 3.98 and a beta of 0.30.

Spire (NYSE:SR) last posted its quarterly earnings results on Wednesday, November 15th. The utilities provider reported ($0.22) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.04. Spire had a return on equity of 8.77% and a net margin of 9.12%. The company had revenue of $258.70 million for the quarter, compared to analysts’ expectations of $271.65 million. During the same period in the previous year, the firm earned ($0.32) EPS. The firm’s revenue was down 7.4% compared to the same quarter last year. analysts anticipate that Spire Inc. will post 3.57 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Monday, December 11th will be issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 2.86%. This is a boost from Spire’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, December 8th. Spire’s dividend payout ratio is 60.17%.

Spire Profile

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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Institutional Ownership by Quarter for Spire (NYSE:SR)

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