Spire Inc. $SR Stake Lifted by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. increased its position in shares of Spire Inc. (NYSE:SR) by 404.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,710 shares of the utilities provider’s stock after purchasing an additional 2,974 shares during the period. Coldstream Capital Management Inc.’s holdings in Spire were worth $273,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SR. State of New Jersey Common Pension Fund D boosted its stake in Spire by 0.6% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 25,636 shares of the utilities provider’s stock valued at $1,871,000 after purchasing an additional 152 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Spire by 5.5% during the first quarter. Mackenzie Financial Corp now owns 3,672 shares of the utilities provider’s stock valued at $287,000 after buying an additional 193 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Spire by 4.3% during the first quarter. Envestnet Asset Management Inc. now owns 5,210 shares of the utilities provider’s stock worth $408,000 after acquiring an additional 214 shares during the period. Walleye Capital LLC raised its position in Spire by 5.2% in the first quarter. Walleye Capital LLC now owns 4,352 shares of the utilities provider’s stock worth $341,000 after acquiring an additional 214 shares in the last quarter. Finally, State of Michigan Retirement System lifted its holdings in Spire by 2.2% in the 2nd quarter. State of Michigan Retirement System now owns 14,236 shares of the utilities provider’s stock valued at $1,039,000 after acquiring an additional 300 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Spire Trading Up 0.5%

Spire stock opened at $88.62 on Friday. The company has a 50 day moving average price of $85.39 and a 200 day moving average price of $78.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.27 and a current ratio of 0.37. Spire Inc. has a 52 week low of $64.44 and a 52 week high of $91.11. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 2.50 and a beta of 0.72.

Spire (NYSE:SR) last released its earnings results on Friday, November 14th. The utilities provider reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.01). Spire had a net margin of 11.56% and a return on equity of 8.66%. The business had revenue of $334.10 million during the quarter, compared to analysts’ expectations of $439.56 million. During the same quarter in the previous year, the company earned ($0.54) EPS. Spire’s revenue for the quarter was up 13.7% on a year-over-year basis. Spire has set its FY 2027 guidance at 5.650-5.850 EPS. FY 2026 guidance at 5.250-5.450 EPS. Research analysts forecast that Spire Inc. will post 4.5 EPS for the current year.

Spire Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Thursday, December 11th will be paid a dividend of $0.825 per share. This is a boost from Spire’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $3.30 annualized dividend and a yield of 3.7%. Spire’s dividend payout ratio (DPR) is presently 75.00%.

Wall Street Analyst Weigh In

SR has been the topic of several recent research reports. Morgan Stanley set a $97.00 price objective on shares of Spire in a research note on Thursday, November 20th. Bank of America upgraded shares of Spire from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $76.00 to $89.00 in a research report on Wednesday, October 29th. UBS Group increased their price objective on Spire from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Spire in a research note on Monday, November 24th. Finally, Jefferies Financial Group raised Spire to a “strong-buy” rating in a research report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.83.

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.