Assenagon Asset Management S.A. Takes $2.13 Million Position in Spire Inc. (NYSE:SR)

Assenagon Asset Management S.A. bought a new stake in shares of Spire Inc. (NYSE:SRFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 34,170 shares of the utilities provider’s stock, valued at approximately $2,130,000.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of Spire by 81.9% during the 3rd quarter. Fifth Third Bancorp now owns 644 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 290 shares during the period. Quarry LP grew its stake in shares of Spire by 817.5% during the 2nd quarter. Quarry LP now owns 578 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 515 shares during the period. Cohen & Steers Inc. grew its stake in shares of Spire by 31.8% during the 1st quarter. Cohen & Steers Inc. now owns 639 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 154 shares during the period. Qube Research & Technologies Ltd bought a new position in shares of Spire during the 3rd quarter worth $65,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Spire by 159.2% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,003 shares of the utilities provider’s stock worth $70,000 after acquiring an additional 616 shares during the period. 87.36% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Spire news, insider Joseph B. Hampton sold 1,294 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $58.13, for a total value of $75,220.22. Following the completion of the transaction, the insider now owns 6,768 shares in the company, valued at approximately $393,423.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Spire news, Treasurer Adam W. Woodard sold 1,229 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $59.58, for a total value of $73,223.82. Following the sale, the treasurer now owns 1,560 shares of the company’s stock, valued at approximately $92,944.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph B. Hampton sold 1,294 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $58.13, for a total value of $75,220.22. Following the completion of the sale, the insider now directly owns 6,768 shares in the company, valued at approximately $393,423.84. The disclosure for this sale can be found here. 2.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Mizuho cut their price target on Spire from $66.00 to $64.00 and set a “buy” rating for the company in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Spire currently has a consensus rating of “Hold” and a consensus target price of $61.43.

Get Our Latest Analysis on Spire

Spire Stock Down 1.0 %

Shares of NYSE SR opened at $60.42 on Thursday. Spire Inc. has a 52 week low of $53.77 and a 52 week high of $72.07. The business has a 50-day simple moving average of $59.53 and a two-hundred day simple moving average of $59.69. The company has a quick ratio of 0.43, a current ratio of 0.55 and a debt-to-equity ratio of 1.16. The company has a market cap of $3.32 billion, a P/E ratio of 16.29, a P/E/G ratio of 2.50 and a beta of 0.51.

Spire (NYSE:SRGet Free Report) last issued its earnings results on Thursday, February 1st. The utilities provider reported $1.47 EPS for the quarter, topping the consensus estimate of $1.37 by $0.10. Spire had a return on equity of 8.27% and a net margin of 8.11%. The business had revenue of $756.60 million during the quarter, compared to the consensus estimate of $688.88 million. During the same quarter last year, the company earned $1.55 EPS. The firm’s revenue was down 7.1% compared to the same quarter last year. Research analysts anticipate that Spire Inc. will post 4.34 earnings per share for the current fiscal year.

Spire Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 11th were paid a $0.755 dividend. The ex-dividend date was Friday, March 8th. This represents a $3.02 annualized dividend and a yield of 5.00%. Spire’s dividend payout ratio is currently 81.40%.

About Spire

(Free Report)

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 through three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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