361 Capital LLC Takes Position in Spire Inc. (SR)

361 Capital LLC acquired a new position in shares of Spire Inc. (NYSE:SR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,711 shares of the utilities provider’s stock, valued at approximately $1,994,000. 361 Capital LLC owned 0.06% of Spire at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mosaic Family Wealth LLC boosted its holdings in Spire by 0.3% in the 2nd quarter. Mosaic Family Wealth LLC now owns 4,890 shares of the utilities provider’s stock valued at $341,000 after purchasing an additional 17 shares during the period. Teacher Retirement System of Texas boosted its holdings in Spire by 0.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,042 shares of the utilities provider’s stock valued at $770,000 after purchasing an additional 35 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Spire by 1.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,078 shares of the utilities provider’s stock valued at $284,000 after purchasing an additional 69 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Spire by 8.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,825 shares of the utilities provider’s stock valued at $127,000 after purchasing an additional 144 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Spire by 3.5% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,709 shares of the utilities provider’s stock valued at $398,000 after purchasing an additional 193 shares during the period. 79.44% of the stock is owned by institutional investors and hedge funds.

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Shares of Spire Inc. (NYSE SR) remained flat at $$78.55 during mid-day trading on Friday. 165,300 shares of the company’s stock traded hands, compared to its average volume of 146,469. Spire Inc. has a twelve month low of $62.33 and a twelve month high of $79.65. The company has a market cap of $3,791.37, a price-to-earnings ratio of 21.58, a PEG ratio of 3.98 and a beta of 0.30. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.65 and a current ratio of 0.66.

Spire (NYSE:SR) last announced its quarterly earnings data on Wednesday, November 15th. The utilities provider reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.04. Spire had a net margin of 9.28% and a return on equity of 8.71%. The company had revenue of $258.70 million during the quarter, compared to analysts’ expectations of $271.65 million. During the same quarter in the prior year, the company posted ($0.32) EPS. The business’s revenue was down 7.4% on a year-over-year basis. equities research analysts expect that Spire Inc. will post 3.71 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Monday, December 11th will be paid a $0.5625 dividend. This is a boost from Spire’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, December 8th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 2.86%. Spire’s dividend payout ratio is currently 59.66%.

A number of analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of Spire from $71.00 to $75.00 and gave the company a “hold” rating in a report on Thursday. Morgan Stanley increased their price target on shares of Spire from $73.00 to $75.00 and gave the company an “underweight” rating in a report on Friday, September 8th. Royal Bank Of Canada restated a “hold” rating and issued a $73.00 price objective on shares of Spire in a research note on Monday, October 16th. J P Morgan Chase & Co increased their price objective on shares of Spire from $71.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, October 12th. Finally, Zacks Investment Research upgraded shares of Spire from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $75.00.

Spire Company Profile

Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.

Institutional Ownership by Quarter for Spire (NYSE:SR)

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