Spire Inc. (NYSE:SR – Get Free Report) Director Paul Koonce bought 2,000 shares of Spire stock in a transaction dated Friday, May 8th. The stock was acquired at an average cost of $85.81 per share, with a total value of $171,620.00. Following the transaction, the director owned 7,000 shares of the company’s stock, valued at $600,670. This trade represents a 40.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Spire Price Performance
NYSE:SR opened at $86.59 on Wednesday. Spire Inc. has a 52 week low of $69.94 and a 52 week high of $95.31. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.48 and a current ratio of 0.55. The firm’s 50-day simple moving average is $90.95 and its 200 day simple moving average is $87.59. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 1.41 and a beta of 0.56.
Spire (NYSE:SR – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.72 by $0.04. Spire had a net margin of 13.97% and a return on equity of 9.49%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted $3.60 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, sell-side analysts predict that Spire Inc. will post 5.18 earnings per share for the current year.
Spire Dividend Announcement
Analysts Set New Price Targets
A number of equities analysts have commented on the company. Weiss Ratings upgraded Spire from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Wells Fargo & Company initiated coverage on Spire in a research report on Monday. They set an “overweight” rating and a $96.00 target price for the company. Stifel Nicolaus increased their target price on Spire from $81.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. UBS Group decreased their price target on Spire from $106.00 to $103.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $102.00 price target on shares of Spire in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Spire has a consensus rating of “Moderate Buy” and an average target price of $95.50.
Get Our Latest Stock Report on Spire
Institutional Investors Weigh In On Spire
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its position in shares of Spire by 0.3% during the 4th quarter. Franklin Resources Inc. now owns 40,489 shares of the utilities provider’s stock valued at $3,348,000 after purchasing an additional 122 shares in the last quarter. MBM Wealth Consultants LLC increased its holdings in Spire by 2.6% in the third quarter. MBM Wealth Consultants LLC now owns 5,507 shares of the utilities provider’s stock worth $449,000 after purchasing an additional 140 shares in the last quarter. Detalus Advisors LLC increased its holdings in Spire by 2.3% in the first quarter. Detalus Advisors LLC now owns 6,200 shares of the utilities provider’s stock worth $561,000 after purchasing an additional 142 shares in the last quarter. Inspire Investing LLC lifted its stake in Spire by 2.6% in the fourth quarter. Inspire Investing LLC now owns 5,734 shares of the utilities provider’s stock valued at $474,000 after buying an additional 144 shares during the period. Finally, Intrua Financial LLC lifted its stake in Spire by 4.6% in the third quarter. Intrua Financial LLC now owns 3,399 shares of the utilities provider’s stock valued at $277,000 after buying an additional 148 shares during the period. 87.36% of the stock is currently owned by institutional investors.
About Spire
Spire Inc (NYSE: SR), formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire’s service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.
Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.
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