Spire Inc. (NYSE:SR – Get Rating) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $72.33.
Several research analysts have issued reports on the company. Mizuho raised their target price on Spire from $74.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 25th. Morgan Stanley lowered their price objective on Spire from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Wells Fargo & Company lifted their price objective on Spire from $70.00 to $81.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 19th. StockNews.com raised Spire from a “sell” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, Sidoti cut Spire from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 13th.
Spire Price Performance
NYSE SR opened at $74.40 on Friday. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 3.66 and a beta of 0.30. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.66 and a current ratio of 0.78. The stock has a 50-day moving average of $73.90 and a 200 day moving average of $71.05. Spire has a one year low of $59.60 and a one year high of $79.24.
Spire Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Friday, June 10th were issued a $0.685 dividend. The ex-dividend date was Thursday, June 9th. This represents a $2.74 dividend on an annualized basis and a yield of 3.68%. Spire’s dividend payout ratio is presently 67.65%.
Insider Buying and Selling
In other Spire news, Treasurer Adam W. Woodard sold 2,211 shares of Spire stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $74.35, for a total value of $164,387.85. Following the sale, the treasurer now owns 1,327 shares of the company’s stock, valued at approximately $98,662.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Steven P. Rasche bought 1,703 shares of the business’s stock in a transaction dated Tuesday, May 10th. The shares were purchased at an average price of $24.09 per share, with a total value of $41,025.27. Following the transaction, the executive vice president now owns 9,500 shares in the company, valued at approximately $228,855. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Treasurer Adam W. Woodard sold 2,211 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $74.35, for a total value of $164,387.85. Following the transaction, the treasurer now directly owns 1,327 shares in the company, valued at approximately $98,662.45. The disclosure for this sale can be found here. 2.97% of the stock is owned by insiders.
Hedge Funds Weigh In On Spire
Several large investors have recently modified their holdings of SR. EverSource Wealth Advisors LLC bought a new position in Spire in the 4th quarter valued at $33,000. Larson Financial Group LLC grew its position in Spire by 114.3% in the 4th quarter. Larson Financial Group LLC now owns 555 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 296 shares during the last quarter. Cohen & Steers Inc. grew its position in Spire by 31.8% in the 1st quarter. Cohen & Steers Inc. now owns 639 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 154 shares during the last quarter. Missouri Trust & Investment Co bought a new position in Spire in the 4th quarter valued at $52,000. Finally, Guardian Wealth Management Inc. bought a new position in Spire in the 4th quarter valued at $65,000. Institutional investors own 84.91% of the company’s stock.
Spire Inc, together with 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 in two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of natural gas.
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