State of Alaska Department of Revenue Has $483,000 Holdings in Spire Inc. $SR

State of Alaska Department of Revenue reduced its position in Spire Inc. (NYSE:SR) by 3.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,618 shares of the utilities provider’s stock after selling 215 shares during the period. State of Alaska Department of Revenue’s holdings in Spire were worth $483,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SR. Golden State Wealth Management LLC boosted its stake in shares of 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 in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Spire by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 177,950 shares of the utilities provider’s stock worth $13,925,000 after acquiring an additional 4,576 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Spire by 16.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,833 shares of the utilities provider’s stock worth $456,000 after acquiring an additional 844 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Spire during the 1st quarter worth about $216,000. Finally, KBC Group NV boosted its stake in shares of Spire by 27.4% during the 1st quarter. KBC Group NV now owns 2,938 shares of the utilities provider’s stock worth $230,000 after acquiring an additional 631 shares in the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Spire Price Performance

Shares of NYSE:SR opened at $83.60 on Thursday. The business has a 50 day moving average price of $77.22 and a 200 day moving average price of $75.81. Spire Inc. has a twelve month low of $61.56 and a twelve month high of $83.92. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 2.41 and a beta of 0.69. 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 (NYSE:SR) last announced 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. Spire had a return on equity of 8.66% and a net margin of 11.56%.The firm had revenue of $421.90 million during the quarter, compared to the consensus estimate of $417.27 million. During the same quarter in the prior year, the company earned ($0.14) EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. Research analysts predict that Spire Inc. will post 4.5 earnings per share for the current year.

Spire Announces Dividend

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

Wall Street Analysts Forecast Growth

SR has been the subject of several recent analyst reports. Morgan Stanley decreased their price target on Spire from $81.00 to $76.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Bank of America reiterated an “underperform” rating and set a $76.00 price target (down previously from $81.00) on shares of Spire in a research note on Friday, August 15th. Jefferies Financial Group assumed coverage on Spire in a research note on Monday. They set a “buy” rating and a $92.00 price target for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Spire in a research note on Wednesday. Finally, Stifel Nicolaus set a $81.00 target price on Spire and gave the company a “hold” rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

Spire Company 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.