Quadrant Capital Group LLC Raises Stake in Spire Inc. (NYSE:SR)

Quadrant Capital Group LLC boosted its position in Spire Inc. (NYSE:SR – Get Rating) by 122.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 930 shares of the utilities provider’s stock after buying an additional 511 shares during the period. Quadrant Capital Group LLC’s holdings in Spire were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in Spire by 2.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,345 shares of the utilities provider’s stock valued at $384,000 after acquiring an additional 142 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Spire by 0.9% in the third quarter. Gamco Investors INC. ET AL now owns 16,850 shares of the utilities provider’s stock valued at $1,050,000 after acquiring an additional 150 shares during the period. Cohen & Steers Inc. lifted its holdings in Spire by 31.8% in the first quarter. Cohen & Steers Inc. now owns 639 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 154 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Spire by 1.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 15,441 shares of the utilities provider’s stock valued at $1,063,000 after acquiring an additional 167 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Spire by 5.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,826 shares of the utilities provider’s stock valued at $238,000 after acquiring an additional 196 shares during the period. Hedge funds and other institutional investors own 99.86% of the company’s stock.

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Spire Stock Up 1.3 %

NYSE SR opened at $65.48 on Wednesday. The business has a fifty day moving average price of $68.40 and a 200 day moving average price of $69.80. Spire Inc. has a one year low of $61.52 and a one year high of $78.83. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.64 and a current ratio of 0.79. The company has a market cap of $3.44 billion, a P/E ratio of 13.96, a P/E/G ratio of 3.60 and a beta of 0.49.

Spire (NYSE:SR – Get Rating) last issued its earnings results on Wednesday, May 3rd. The utilities provider reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.21. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $887.98 million. Spire had a return on equity of 9.75% and a net margin of 9.69%. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.42 EPS. Research analysts anticipate that Spire Inc. will post 4.26 EPS for the current fiscal year.

Spire Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Monday, June 12th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend is Friday, June 9th. Spire’s payout ratio is currently 61.41%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SR shares. Stifel Nicolaus decreased their price target on Spire from $75.00 to $72.00 in a report on Thursday, May 18th. Mizuho reduced their target price on Spire from $73.00 to $71.00 in a research note on Friday, May 12th. Morgan Stanley upped their target price on Spire from $70.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 20th. Finally, StockNews.com started coverage on Spire in a research note on Thursday, May 18th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $70.00.

About Spire

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Spire Inc operates as a public utility holding company, which provides natural gas service through its utility operations while engaging in non-regulated activities. It operates through the Gas Utility and Gas Marketing Business segments. The Gas Utility segment includes the regulated operations of Laclede Gas Company and Alabama Gas Corporation.

Further Reading

• Get a free copy of the StockNews.com research report on Spire (SR)
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