GAMMA Investing LLC Has $91,000 Stake in Spire Inc. $SR

GAMMA Investing LLC raised its position in shares of Spire Inc. (NYSE:SR) by 71.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,249 shares of the utilities provider’s stock after buying an additional 522 shares during the period. GAMMA Investing LLC’s holdings in Spire were worth $91,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its holdings 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. Principal Financial Group Inc. lifted its stake in shares of Spire by 2.6% during the first quarter. Principal Financial Group Inc. now owns 177,950 shares of the utilities provider’s stock valued at $13,925,000 after acquiring an additional 4,576 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Spire by 16.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,833 shares of the utilities provider’s stock valued at $456,000 after acquiring an additional 844 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Spire during the first quarter valued at $216,000. Finally, KBC Group NV lifted its stake in shares of Spire by 27.4% during the first quarter. KBC Group NV now owns 2,938 shares of the utilities provider’s stock valued at $230,000 after acquiring an additional 631 shares during the period. Institutional investors own 87.36% of the company’s stock.

Spire Price Performance

SR opened at $81.87 on Friday. 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 12 month low of $61.56 and a 12 month high of $82.14. The company has a fifty day simple moving average of $76.60 and a 200 day simple moving average of $75.65. The stock has a market cap of $4.83 billion, a P/E ratio of 17.68, a P/E/G ratio of 2.36 and a beta of 0.69.

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 analysts’ consensus estimates of ($0.09) by $0.10. The business had revenue of $421.90 million during the quarter, compared to the consensus estimate of $417.27 million. Spire had a net margin of 11.56% and a return on equity of 8.66%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.14) earnings per share. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. On average, research analysts expect that Spire Inc. will post 4.5 EPS for the current year.

Spire Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a dividend of $0.785 per share. This represents a $3.14 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, September 11th. Spire’s payout ratio is 67.82%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SR shares. Morgan Stanley cut their price target on Spire from $81.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Bank of America reiterated an “underperform” rating and set a $76.00 target price (down previously from $81.00) on shares of Spire in a research report on Friday, August 15th. Finally, Stifel Nicolaus set a $81.00 target price on shares of Spire and gave the company a “hold” rating in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $78.80.

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.