Strs Ohio Makes New $1.27 Million Investment in Spire Inc. $SR

Strs Ohio bought a new position in Spire Inc. (NYSE:SR) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 16,200 shares of the utilities provider’s stock, valued at approximately $1,268,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP bought a new stake in shares of Spire in the 1st quarter worth $50,000. State of Wyoming bought a new stake in shares of Spire in the 4th quarter worth $52,000. Bayforest Capital Ltd increased its holdings in shares of Spire by 2,648.0% in the 1st quarter. Bayforest Capital Ltd now owns 687 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 662 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Spire by 66.0% in the 1st quarter. GAMMA Investing LLC now owns 727 shares of the utilities provider’s stock worth $57,000 after purchasing an additional 289 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of Spire by 103.8% in the first quarter. Golden State Wealth Management LLC now owns 803 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 409 shares during the period. Institutional investors own 87.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on SR shares. Stifel Nicolaus set a $81.00 price objective on Spire and gave the stock a “hold” rating in a report on Tuesday, July 15th. Morgan Stanley reaffirmed an “underperform” rating on shares of Spire in a report on Wednesday, June 18th. JPMorgan Chase & Co. cut their price objective on Spire from $85.00 to $83.00 and set an “overweight” rating for the company in a report on Wednesday, May 28th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $76.00 price objective (down previously from $81.00) on shares of Spire in a report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Spire currently has a consensus rating of “Hold” and a consensus price target of $79.20.

Spire Price Performance

NYSE SR opened at $75.93 on Thursday. The company has a market capitalization of $4.48 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 2.45 and a beta of 0.70. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.27 and a current ratio of 0.37. The business’s fifty day moving average is $75.85 and its 200 day moving average is $75.41. Spire Inc. has a fifty-two week low of $61.56 and a fifty-two week high of $79.81.

Spire (NYSE:SR) last released its earnings results on Tuesday, August 5th. The utilities provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.10. The company had revenue of $421.90 million for the quarter, compared to the consensus estimate of $417.27 million. Spire had a return on equity of 8.66% and a net margin of 11.56%.Spire’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.14) earnings per share. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. Sell-side analysts predict that Spire Inc. will post 4.5 earnings per share for the current year.

Spire Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a $0.785 dividend. This represents a $3.14 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, September 11th. Spire’s payout ratio is presently 67.82%.

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.