Spire Inc. (NYSE:SR – Get Free Report) Director Paul Koonce purchased 500 shares of the stock in a transaction on Monday, June 1st. The stock was acquired at an average cost of $80.50 per share, with a total value of $40,250.00. Following the acquisition, the director owned 7,500 shares of the company’s stock, valued at approximately $603,750. This represents a 7.14% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Spire Stock Down 0.0%
NYSE SR traded down $0.04 during trading on Thursday, hitting $81.07. The company’s stock had a trading volume of 280,972 shares, compared to its average volume of 386,412. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.55 and a quick ratio of 0.48. The company has a market cap of $4.79 billion, a PE ratio of 14.25, a P/E/G ratio of 1.83 and a beta of 0.52. The business’s 50 day simple moving average is $88.76 and its 200-day simple moving average is $87.16. Spire Inc. has a fifty-two week low of $71.24 and a fifty-two week high of $95.31.
Spire (NYSE:SR – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.76 EPS for the quarter, beating the consensus estimate of $3.72 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.07 billion. Spire had a net margin of 13.97% and a return on equity of 9.49%. Spire’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $3.60 EPS. On average, equities analysts anticipate that Spire Inc. will post 4.01 EPS for the current fiscal year.
Spire Dividend Announcement
Analyst Ratings Changes
A number of research analysts have issued reports on SR shares. Morgan Stanley set a $96.00 price target on shares of Spire in a research note on Thursday, May 21st. Weiss Ratings upgraded shares of Spire from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. UBS Group cut their price target on shares of Spire from $106.00 to $103.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Wells Fargo & Company started coverage on shares of Spire in a research note on Monday, May 11th. They set an “overweight” rating and a $96.00 price target on the stock. Finally, TD Cowen started coverage on shares of Spire in a research note on Thursday, April 16th. They set a “hold” rating and a $101.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $96.22.
Read Our Latest Research Report on SR
Institutional Trading of Spire
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Edgestream Partners L.P. increased its stake in shares of Spire by 226.5% in the first quarter. Edgestream Partners L.P. now owns 125,465 shares of the utilities provider’s stock worth $11,360,000 after acquiring an additional 87,036 shares during the period. Amundi increased its stake in shares of Spire by 231.1% in the first quarter. Amundi now owns 10,624 shares of the utilities provider’s stock worth $962,000 after acquiring an additional 7,415 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Spire by 51.7% in the first quarter. EverSource Wealth Advisors LLC now owns 2,692 shares of the utilities provider’s stock worth $244,000 after acquiring an additional 917 shares during the period. California State Teachers Retirement System increased its stake in shares of Spire by 20.1% in the first quarter. California State Teachers Retirement System now owns 66,491 shares of the utilities provider’s stock worth $6,020,000 after acquiring an additional 11,120 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Spire by 1.2% in the first quarter. Royal Bank of Canada now owns 16,282 shares of the utilities provider’s stock worth $1,475,000 after acquiring an additional 193 shares during the period. Institutional investors and hedge funds own 87.36% of the company’s stock.
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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