Geneos Wealth Management Inc. Sells 400 Shares of Spire Inc. (NYSE:SR)

Geneos Wealth Management Inc. cut its holdings in Spire Inc. (NYSE:SR) by 24.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,262 shares of the utilities provider’s stock after selling 400 shares during the period. Geneos Wealth Management Inc.’s holdings in Spire were worth $79,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Quarry LP increased its stake in shares of Spire by 817.5% in the second quarter. Quarry LP now owns 578 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 515 shares during the period. Cohen & Steers Inc. increased its stake in shares of Spire by 31.8% in the first 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 period. Fifth Third Bancorp increased its stake in shares of Spire by 81.9% in the third quarter. Fifth Third Bancorp now owns 644 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 290 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Spire by 159.2% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,003 shares of the utilities provider’s stock worth $70,000 after purchasing an additional 616 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in Spire during the third quarter valued at about $65,000. 87.36% of the stock is currently owned by institutional investors.

Insider Transactions at Spire

In other 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 transaction, the insider now directly owns 6,768 shares of the company’s stock, valued at approximately $393,423.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Spire 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 transaction, the treasurer now owns 1,560 shares of the company’s stock, valued at approximately $92,944.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 transaction, 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 company insiders.

Spire Trading Down 0.5 %

SR stock opened at $58.38 on Tuesday. Spire Inc. has a 1-year low of $53.77 and a 1-year high of $70.60. The firm has a market cap of $3.21 billion, a P/E ratio of 15.74, a P/E/G ratio of 2.70 and a beta of 0.51. The business’s 50 day moving average is $59.68 and its 200-day moving average is $59.77. The company has a current ratio of 0.55, a quick ratio of 0.43 and a debt-to-equity ratio of 1.16.

Spire (NYSE:SR) last released its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.47 earnings per share for the quarter, beating 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 company had revenue of $756.60 million for the quarter, compared to analyst estimates of $688.88 million. During the same period in the prior year, the company posted $1.55 EPS. The company’s revenue was down 7.1% compared to the same quarter last year. Equities analysts anticipate that Spire Inc. will post 4.35 earnings per share for the current fiscal year.

Spire Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 11th were issued a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 5.17%. The ex-dividend date of this dividend was Friday, March 8th. Spire’s payout ratio is currently 81.40%.

Wall Street Analysts Forecast Growth

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

Spire 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.