Oregon Public Employees Retirement Fund purchased a new position in shares of Spire Inc (NYSE:SR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,272 shares of the utilities provider’s stock, valued at approximately $1,428,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust boosted its position in Spire by 90.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 593 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 281 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Spire by 11.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,377 shares of the utilities provider’s stock worth $250,000 after purchasing an additional 344 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Spire by 2.2% during the 4th quarter. State of Alaska Department of Revenue now owns 16,961 shares of the utilities provider’s stock worth $1,256,000 after purchasing an additional 369 shares in the last quarter. Paradigm Asset Management Co. LLC raised its stake in shares of Spire by 8.0% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 5,400 shares of the utilities provider’s stock worth $397,000 after purchasing an additional 400 shares in the last quarter. Finally, Cardinal Capital Management raised its stake in shares of Spire by 2.5% during the 4th quarter. Cardinal Capital Management now owns 19,984 shares of the utilities provider’s stock worth $1,480,000 after purchasing an additional 488 shares in the last quarter. 85.29% of the stock is owned by hedge funds and other institutional investors.
Shares of Spire stock traded down $2.30 on Monday, reaching $76.26. 111,519 shares of the company were exchanged, compared to its average volume of 199,066. Spire Inc has a one year low of $63.80 and a one year high of $81.13. The stock has a market cap of $3.99 billion, a P/E ratio of 20.50, a P/E/G ratio of 5.22 and a beta of 0.22. The company has a quick ratio of 0.44, a current ratio of 0.58 and a debt-to-equity ratio of 0.87.
Spire (NYSE:SR) last posted its quarterly earnings results on Wednesday, February 6th. The utilities provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). Spire had a net margin of 8.25% and a return on equity of 8.52%. The business had revenue of $602.00 million during the quarter, compared to the consensus estimate of $602.54 million. During the same quarter last year, the company posted $1.19 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts expect that Spire Inc will post 3.74 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Monday, March 11th will be paid a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Friday, March 8th. Spire’s dividend payout ratio (DPR) is presently 63.71%.
A number of brokerages have recently issued reports on SR. Credit Suisse Group upped their price objective on Spire from $71.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, November 19th. Morgan Stanley dropped their price objective on Spire from $77.00 to $73.00 and set a “sell” rating on the stock in a research note on Monday, October 29th. ValuEngine upgraded Spire from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Guggenheim cut Spire from a “buy” rating to a “neutral” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Spire from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Tuesday, January 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $75.75.
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Spire Inc, through 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 two segments, Gas Utility and Gas Marketing. It is also involved in marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.
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