Chicago Partners Investment Group LLC Acquires New Position in Spire Inc (SR)

Chicago Partners Investment Group LLC acquired a new position in Spire Inc (NYSE:SR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,800 shares of the utilities provider’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SR. Bruderman Asset Management LLC bought a new stake in Spire during the 2nd quarter valued at approximately $124,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Spire by 8.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,825 shares of the utilities provider’s stock valued at $127,000 after purchasing an additional 144 shares during the period. Public Employees Retirement System of Ohio raised its stake in Spire by 11.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,070 shares of the utilities provider’s stock valued at $144,000 after purchasing an additional 209 shares during the period. Advisor Group Inc. raised its stake in Spire by 30.7% during the 2nd quarter. Advisor Group Inc. now owns 2,147 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 504 shares during the period. Finally, Archford Capital Strategies LLC raised its stake in Spire by 66.5% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,807 shares of the utilities provider’s stock valued at $168,000 after purchasing an additional 722 shares during the period. 80.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Spire Inc (NYSE SR) traded up $0.50 during trading on Friday, hitting $77.05. The stock had a trading volume of 549,930 shares, compared to its average volume of 157,529. The stock has a market cap of $3,721.13, a PE ratio of 21.17, a price-to-earnings-growth ratio of 4.14 and a beta of 0.31. The company has a current ratio of 0.66, a quick ratio of 0.46 and a debt-to-equity ratio of 1.00. Spire Inc has a 12-month low of $62.33 and a 12-month high of $82.85.

Spire (NYSE:SR) last announced its 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. The firm had revenue of $258.70 million during the quarter, compared to analysts’ expectations of $271.65 million. Spire had a return on equity of 8.71% and a net margin of 9.28%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.32) EPS. equities analysts expect that Spire Inc will post 3.72 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Monday, December 11th will be issued a dividend of $0.5625 per share. The ex-dividend date is Friday, December 8th. This represents a $2.25 dividend on an annualized basis and a yield of 2.92%. This is a boost from Spire’s previous quarterly dividend of $0.53. Spire’s payout ratio is presently 63.92%.

Several brokerages recently issued reports on SR. Royal Bank of Canada reissued a “hold” rating and set a $73.00 target price on shares of Spire in a research note on Monday, October 16th. Morgan Stanley lifted their target price on Spire from $75.00 to $77.00 and gave the company an “underweight” rating in a research note on Wednesday. ValuEngine downgraded Spire from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. J P Morgan Chase & Co lifted their target price on Spire from $71.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, October 12th. Finally, Stifel Nicolaus lifted their target price on Spire from $71.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $75.33.

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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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