Capstone Investment Advisors LLC Makes New $563,000 Investment in Spire Inc. (NYSE:SR)

Capstone Investment Advisors LLC purchased a new stake in shares of Spire Inc. (NYSE:SRFree Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,180 shares of the utilities provider’s stock, valued at approximately $563,000.

Several other large investors have also recently made changes to their positions in the business. Signaturefd LLC grew its holdings in shares of Spire by 34.4% during the fourth quarter. Signaturefd LLC now owns 887 shares of the utilities provider’s stock valued at $55,000 after buying an additional 227 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Spire by 30.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,349 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 313 shares during the last quarter. Garner Asset Management Corp purchased a new position in Spire in the 4th quarter worth about $159,000. Strs Ohio boosted its holdings in shares of Spire by 11.5% during the 4th quarter. Strs Ohio now owns 2,900 shares of the utilities provider’s stock valued at $180,000 after acquiring an additional 300 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Spire in the 4th quarter worth approximately $201,000. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Spire Trading Down 0.5 %

Shares of Spire stock opened at $59.76 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.61 and a debt-to-equity ratio of 1.09. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 2.77 and a beta of 0.51. Spire Inc. has a twelve month low of $53.77 and a twelve month high of $66.48. The business has a 50-day moving average price of $60.48 and a 200-day moving average price of $60.26.

Spire (NYSE:SRGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $3.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.86 by ($0.41). The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.21 billion. Spire had a return on equity of 7.88% and a net margin of 9.05%. The business’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.70 EPS. Equities research analysts anticipate that Spire Inc. will post 4.32 EPS for the current fiscal year.

Spire Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 11th were given a $0.755 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $3.02 dividend on an annualized basis and a yield of 5.05%. Spire’s dividend payout ratio is presently 76.26%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $65.00 target price on shares of Spire in a report on Tuesday, April 16th. Mizuho cut shares of Spire from a “buy” rating to a “neutral” rating and reduced their target price for the company from $64.00 to $62.00 in a report on Thursday, May 2nd. Wells Fargo & Company lifted their price target on shares of Spire from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 2nd. UBS Group began coverage on Spire in a research note on Friday, April 12th. They issued a “buy” rating and a $68.00 price objective for the company. Finally, Morgan Stanley lowered their target price on Spire from $67.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Spire presently has an average rating of “Hold” and an average price target of $61.83.

Get Our Latest Research Report on SR

Insider Buying and Selling at Spire

In other Spire news, EVP Steven P. Rasche bought 4,500 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was acquired at an average price of $23.83 per share, for a total transaction of $107,235.00. Following the completion of the transaction, the executive vice president now directly owns 16,500 shares of the company’s stock, valued at $393,195. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.86% of the company’s stock.

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.

See Also

Institutional Ownership by Quarter for Spire (NYSE:SR)

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