Chicago Partners Investment Group LLC Purchases New Holdings in Spire Inc. (NYSE:SR)

Chicago Partners Investment Group LLC purchased a new stake in Spire Inc. (NYSE:SRGet Rating) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,806 shares of the utilities provider’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Spire by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,212,332 shares of the utilities provider’s stock valued at $374,037,000 after acquiring an additional 106,938 shares in the last quarter. State Street Corp lifted its holdings in shares of Spire by 34.1% during the 1st quarter. State Street Corp now owns 2,252,151 shares of the utilities provider’s stock worth $163,065,000 after acquiring an additional 572,381 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Spire by 20.7% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,600,914 shares of the utilities provider’s stock worth $114,882,000 after purchasing an additional 274,260 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Spire by 229.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,500,546 shares of the utilities provider’s stock worth $97,865,000 after purchasing an additional 1,045,621 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Spire by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 900,853 shares of the utilities provider’s stock worth $64,646,000 after purchasing an additional 16,286 shares during the last quarter. 95.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Spire from $77.00 to $78.00 and gave the company an “equal weight” rating in a research report on Monday, August 8th. Mizuho upped their target price on shares of Spire from $74.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 25th. StockNews.com downgraded shares of Spire from a “hold” rating to a “sell” rating in a research report on Wednesday, September 7th. Morgan Stanley increased their price objective on shares of Spire from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. raised shares of Spire from a “neutral” rating to an “overweight” rating and raised their target price for the company from $74.00 to $78.00 in a research note on Friday, September 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $73.67.

Spire Trading Down 1.5 %

NYSE SR opened at $68.83 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.55 and a current ratio of 0.72. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 3.54 and a beta of 0.31. The company’s 50-day simple moving average is $72.24 and its two-hundred day simple moving average is $73.02. Spire Inc. has a one year low of $59.60 and a one year high of $79.24.

Spire (NYSE:SRGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Spire had a net margin of 10.02% and a return on equity of 9.34%. The firm had revenue of $448.00 million for the quarter, compared to the consensus estimate of $323.58 million. During the same quarter in the previous year, the firm earned $0.03 EPS. The company’s quarterly revenue was up 36.7% compared to the same quarter last year. Equities analysts forecast that Spire Inc. will post 3.9 EPS for the current fiscal year.

Spire Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Monday, September 12th will be paid a $0.685 dividend. This represents a $2.74 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Friday, September 9th. Spire’s dividend payout ratio is currently 69.90%.

Spire Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for Spire (NYSE:SR)

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