Spire Inc. (NYSE:SR) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in Spire Inc. (NYSE:SR) by 18.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 57,974 shares of the utilities provider’s stock after selling 12,823 shares during the quarter. New York State Teachers Retirement System’s holdings in Spire were worth $3,614,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SR. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Spire by 2.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,345 shares of the utilities provider’s stock worth $384,000 after purchasing an additional 142 shares during the last quarter. Cohen & Steers Inc. boosted its holdings 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 purchasing an additional 154 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Spire by 2.0% during the 2nd quarter. Osaic Holdings Inc. now owns 9,888 shares of the utilities provider’s stock worth $627,000 after purchasing an additional 190 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Spire by 3.4% during the 1st quarter. Federated Hermes Inc. now owns 6,073 shares of the utilities provider’s stock worth $436,000 after purchasing an additional 198 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of Spire by 3.1% during the 3rd quarter. Creative Planning now owns 6,889 shares of the utilities provider’s stock worth $390,000 after purchasing an additional 205 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Spire

In other Spire news, insider Joseph B. Hampton sold 1,294 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $58.13, for a total value of $75,220.22. Following the sale, the insider now owns 6,768 shares of the company’s stock, valued at $393,423.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Treasurer Adam W. Woodard sold 1,229 shares of the company’s 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 sale, the treasurer now owns 1,560 shares of the company’s stock, valued at $92,944.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph B. Hampton sold 1,294 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $58.13, for a total value of $75,220.22. Following 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.

Spire Stock Down 0.1 %

SR stock opened at $58.66 on Monday. The firm has a market cap of $3.23 billion, a PE ratio of 15.81, a PEG ratio of 2.70 and a beta of 0.51. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.43 and a current ratio of 0.55. Spire Inc. has a one year low of $53.77 and a one year high of $70.60. The firm’s 50 day moving average price is $59.67 and its 200-day moving average price is $59.75.

Spire (NYSE:SR) last announced its earnings results on Thursday, February 1st. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.10. The company had revenue of $756.60 million for the quarter, compared to analyst estimates of $688.88 million. Spire had a return on equity of 8.27% and a net margin of 8.11%. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 earnings per share. On average, equities research analysts anticipate that Spire Inc. will post 4.35 EPS for the current year.

Spire Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 11th were given a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend was Friday, March 8th. Spire’s payout ratio is 81.40%.

Wall Street Analyst Weigh In

SR has been the topic of several recent research reports. Mizuho lowered their target price on Spire from $66.00 to $64.00 and set a “buy” rating on the stock in a report on Monday, January 22nd. UBS Group initiated coverage on shares of Spire in a research report on Friday. They set a “buy” rating and a $68.00 price target on the stock. Two equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.