Spire Inc. $SR Stock Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its stake in Spire Inc. (NYSE:SR) by 12.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 344,119 shares of the utilities provider’s stock after selling 50,572 shares during the period. ProShare Advisors LLC owned approximately 0.58% of Spire worth $26,184,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SR. Renaissance Technologies LLC bought a new position in Spire during the 1st quarter worth approximately $3,631,000. Congress Asset Management Co. increased its stake in Spire by 20.9% in the 3rd quarter. Congress Asset Management Co. now owns 87,825 shares of the utilities provider’s stock worth $6,683,000 after purchasing an additional 15,189 shares during the period. Hennessy Advisors Inc. increased its stake in Spire by 15.7% in the 2nd quarter. Hennessy Advisors Inc. now owns 60,441 shares of the utilities provider’s stock worth $4,720,000 after purchasing an additional 8,200 shares during the period. Quantinno Capital Management LP increased its stake in Spire by 104.7% in the 1st quarter. Quantinno Capital Management LP now owns 45,257 shares of the utilities provider’s stock worth $4,098,000 after purchasing an additional 23,149 shares during the period. Finally, Ausbil Investment Management Ltd bought a new stake in Spire in the third quarter valued at approximately $5,226,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SR. JPMorgan Chase & Co. increased their price objective on Spire from $85.00 to $86.00 and gave the company a “neutral” rating in a research note on Tuesday, October 20th. Weiss Ratings raised shares of Spire from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Scotiabank initiated coverage on shares of Spire in a research note on Tuesday, September 29th. They issued a “sector perform” rating and a $79.00 target price on the stock. Wall Street Zen upgraded shares of Spire from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Morgan Stanley dropped their price target on shares of Spire from $91.00 to $88.00 and set an “overweight” rating for the company in a research report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Spire has an average rating of “Moderate Buy” and a consensus price target of $92.91.

Spire Stock Up 1.1%

NYSE SR opened at $88.98 on Tuesday. Spire Inc. has a 1 year low of $74.84 and a 1 year high of $95.31. The stock has a market capitalization of $5.26 billion, a PE ratio of 17.81, a PEG ratio of 1.39 and a beta of 0.52. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.37 and a quick ratio of 0.27. The business’s 50-day moving average is $81.21 and its 200 day moving average is $84.56.

Spire (NYSE:SR) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.06. Spire had a return on equity of 8.65% and a net margin of 21.48%. The business had revenue of $420.20 million during the quarter, compared to analyst estimates of $394.62 million. During the same quarter in the prior year, the company posted $0.01 EPS. Spire’s quarterly revenue was up 19.2% compared to the same quarter last year. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. Sell-side analysts forecast that Spire Inc. will post 4.00 earnings per share for the current year.

Spire Company Profile

Spire Inc is an energy company that provides natural gas services to residential, commercial, industrial and other customers. Through its regulated utility operations, the company distributes natural gas and provides related customer services, with a focus on delivering dependable energy and maintaining the infrastructure needed to serve its communities.

Spire’s regulated utilities serve customers primarily in Missouri and Alabama, with operations that have also included service in Mississippi.