Pineridge Advisors LLC Takes $302,000 Position in Spire Inc. (NYSE:SR)

Pineridge Advisors LLC bought a new stake in Spire Inc. (NYSE:SRFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,844 shares of the utilities provider’s stock, valued at approximately $302,000.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in Spire by 34.4% during the 4th quarter. Signaturefd LLC now owns 887 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 227 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Spire by 30.2% during the 4th quarter. Jones Financial Companies Lllp now owns 1,349 shares of the utilities provider’s stock worth $84,000 after acquiring an additional 313 shares in the last quarter. Garner Asset Management Corp acquired a new position in Spire during the 4th quarter worth $159,000. Strs Ohio grew its holdings in Spire by 11.5% during the 4th quarter. Strs Ohio now owns 2,900 shares of the utilities provider’s stock worth $180,000 after acquiring an additional 300 shares in the last quarter. Finally, Cape Cod Five Cents Savings Bank acquired a new position in Spire during the 3rd quarter worth $205,000. 87.36% of the stock is owned by institutional investors and hedge funds.

Spire Stock Up 0.4 %

SR traded up $0.26 on Friday, reaching $58.47. 514,239 shares of the company traded hands, compared to its average volume of 257,831. The stock’s 50 day moving average price is $60.63 and its 200-day moving average price is $60.65. Spire Inc. has a 52-week low of $53.77 and a 52-week high of $66.48. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 2.71 and a beta of 0.51. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.61 and a quick ratio of 0.48.

Spire (NYSE:SRGet Free Report) last posted its earnings results on Wednesday, May 1st. The utilities provider reported $3.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.86 by ($0.41). The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.21 billion. Spire had a net margin of 9.05% and a return on equity of 7.88%. Spire’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.70 earnings per share. On average, sell-side analysts expect that Spire Inc. will post 4.32 EPS for the current fiscal year.

Spire Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 11th will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend is Tuesday, June 11th. Spire’s dividend payout ratio (DPR) is presently 76.26%.

Insider Buying and Selling at Spire

In other news, EVP Steven P. Rasche acquired 4,500 shares of Spire stock in a transaction dated Thursday, June 13th. The stock was acquired at an average cost of $23.83 per share, for a total transaction of $107,235.00. Following the completion of the purchase, the executive vice president now owns 16,500 shares of the company’s stock, valued at $393,195. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.86% of the company’s stock.

Wall Street Analyst Weigh In

SR has been the subject of several recent analyst reports. Mizuho lowered shares of Spire from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $64.00 to $62.00 in a report on Thursday, May 2nd. Morgan Stanley lifted their price target on shares of Spire from $64.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. UBS Group began coverage on shares of Spire in a report on Friday, April 12th. They issued a “buy” rating and a $68.00 price target for the company. Wells Fargo & Company lifted their price target on shares of Spire from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday, May 2nd. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Spire in a report on Friday, April 26th. They issued a “neutral” rating and a $57.50 price target for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Spire has an average rating of “Hold” and a consensus target price of $62.17.

Get Our Latest Report on Spire

Spire Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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