Spire Inc. (NYSE:SR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in shares of Spire Inc. (NYSE:SR) by 2.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 86,464 shares of the utilities provider’s stock after selling 2,610 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Spire were worth $5,390,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Quarry LP raised its holdings in Spire by 817.5% in the second quarter. Quarry LP now owns 578 shares of the utilities provider’s stock valued at $37,000 after buying an additional 515 shares during the period. Cohen & Steers Inc. raised its holdings in Spire by 31.8% in the first quarter. Cohen & Steers Inc. now owns 639 shares of the utilities provider’s stock valued at $46,000 after buying an additional 154 shares during the period. Fifth Third Bancorp raised its holdings in Spire by 81.9% in the third quarter. Fifth Third Bancorp now owns 644 shares of the utilities provider’s stock valued at $36,000 after buying an additional 290 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Spire by 159.2% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,003 shares of the utilities provider’s stock valued at $70,000 after buying an additional 616 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in Spire in the third quarter valued at approximately $65,000. 87.36% of the stock is owned by institutional investors and hedge funds.

Spire Stock Performance

Shares of NYSE SR opened at $58.66 on Monday. The stock’s fifty day simple moving average is $59.67 and its 200 day simple moving average is $59.75. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 2.70 and a beta of 0.51. The company has a quick ratio of 0.43, a current ratio of 0.55 and a debt-to-equity ratio of 1.16. Spire Inc. has a 52-week low of $53.77 and a 52-week high of $70.60.

Spire (NYSE:SR) last issued its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.47 EPS for the quarter, beating the consensus estimate of $1.37 by $0.10. Spire had a net margin of 8.11% and a return on equity of 8.27%. The business had revenue of $756.60 million during the quarter, compared to the consensus estimate of $688.88 million. During the same quarter in the prior year, the firm earned $1.55 EPS. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. As a group, sell-side analysts forecast that Spire Inc. will post 4.35 earnings per share for the current fiscal year.

Spire Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 11th were paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date was Friday, March 8th. Spire’s dividend payout ratio (DPR) is presently 81.40%.

Insider Transactions at Spire

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

Analyst Ratings Changes

Several brokerages have issued reports on SR. UBS Group began coverage on shares of Spire in a research report on Friday. They issued a “buy” rating and a $68.00 price objective for the company. Mizuho lowered their price objective on shares of Spire from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Spire currently has an average rating of “Hold” and an average target price of $62.25.

Spire Company Profile

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.