Spire Inc. $SR Stake Decreased by Voya Investment Management LLC

Voya Investment Management LLC decreased its position in shares of Spire Inc. (NYSE:SR) by 21.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,910 shares of the utilities provider’s stock after selling 9,179 shares during the period. Voya Investment Management LLC owned 0.06% of Spire worth $2,653,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Spire in the first quarter worth approximately $50,000. State of Wyoming acquired a new stake in shares of Spire in the 4th quarter valued at $52,000. Bayforest Capital Ltd lifted its stake 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 valued at $54,000 after purchasing an additional 662 shares during the last quarter. GAMMA Investing LLC lifted its position in Spire by 66.0% during the 1st quarter. GAMMA Investing LLC now owns 727 shares of the utilities provider’s stock worth $57,000 after acquiring an additional 289 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its position in Spire by 103.8% during the 1st 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 last quarter. Institutional investors own 87.36% of the company’s stock.

Spire Price Performance

Shares of Spire stock opened at $76.50 on Friday. The company has a 50-day simple moving average of $75.92 and a two-hundred day simple moving average of $75.38. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 2.49 and a beta of 0.70. The company has a quick ratio of 0.27, a current ratio of 0.37 and a debt-to-equity ratio of 1.08. Spire Inc. has a twelve month low of $61.56 and a twelve month high of $79.81.

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

Spire Announces Dividend

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

Wall Street Analysts Forecast Growth

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

About Spire

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.