Crossmark Global Holdings Inc. decreased its holdings in Spire Inc (NYSE:SR) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,918 shares of the utilities provider’s stock after selling 488 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Spire were worth $208,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in Spire by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 690,922 shares of the utilities provider’s stock valued at $45,399,000 after acquiring an additional 3,888 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Spire by 28.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,389 shares of the utilities provider’s stock valued at $354,000 after acquiring an additional 1,196 shares in the last quarter. Natixis Advisors L.P. lifted its position in Spire by 8.7% in the 2nd quarter. Natixis Advisors L.P. now owns 76,823 shares of the utilities provider’s stock valued at $5,048,000 after acquiring an additional 6,124 shares in the last quarter. Ellevest Inc. lifted its position in Spire by 77.6% in the 2nd quarter. Ellevest Inc. now owns 1,662 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 726 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Spire by 2.1% in the 1st quarter. Alliancebernstein L.P. now owns 136,922 shares of the utilities provider’s stock valued at $10,198,000 after acquiring an additional 2,860 shares in the last quarter. 79.10% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on SR shares. TheStreet cut shares of Spire from a “b-” rating to a “c+” rating in a research report on Friday, July 24th. Zacks Investment Research cut shares of Spire from a “hold” rating to a “sell” rating in a research report on Tuesday, August 11th. Wells Fargo & Company raised shares of Spire from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $71.00 to $72.00 in a research report on Tuesday, July 28th. Credit Suisse Group raised shares of Spire from an “underperform” rating to a “neutral” rating and dropped their target price for the stock from $71.00 to $68.00 in a research report on Monday, July 20th. Finally, Stifel Nicolaus raised shares of Spire from a “hold” rating to a “buy” rating in a research report on Tuesday, September 29th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Spire has a consensus rating of “Hold” and a consensus target price of $75.00.
Shares of SR stock opened at $56.95 on Friday. The company has a 50 day moving average of $54.74 and a 200-day moving average of $64.88. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 1.07. Spire Inc has a 12-month low of $50.58 and a 12-month high of $87.96. The firm has a market cap of $2.93 billion, a P/E ratio of 48.68, a PEG ratio of 2.99 and a beta of 0.08.
Spire (NYSE:SR) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. Spire had a net margin of 4.03% and a return on equity of 8.50%. The company had revenue of $321.10 million during the quarter, compared to analyst estimates of $313.51 million. During the same quarter last year, the business posted $0.07 EPS. Spire’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities analysts expect that Spire Inc will post 3.72 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were paid a $0.6225 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $2.49 dividend on an annualized basis and a yield of 4.37%. Spire’s dividend payout ratio is 66.76%.
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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