Spire Inc. (NYSE:SR – Get Free Report) Director Paul Koonce bought 500 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of $78.46 per share, for a total transaction of $39,230.00. Following the completion of the transaction, the director directly owned 8,000 shares of the company’s stock, valued at $627,680. This represents a 6.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
Spire Trading Up 0.0%
Shares of NYSE SR opened at $79.11 on Monday. The business’s 50 day moving average is $87.48 and its two-hundred day moving average is $86.92. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.55 and a quick ratio of 0.48. Spire Inc. has a 1-year low of $71.24 and a 1-year high of $95.31. The stock has a market capitalization of $4.68 billion, a P/E ratio of 13.90, a PEG ratio of 1.77 and a beta of 0.52.
Spire (NYSE:SR – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.76 earnings per share for the quarter, topping the consensus estimate of $3.72 by $0.04. Spire had a return on equity of 9.49% and a net margin of 13.97%.The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $3.60 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, research analysts expect that Spire Inc. will post 4.01 EPS for the current year.
Spire Announces Dividend
Analysts Set New Price Targets
Several brokerages have weighed in on SR. Morgan Stanley set a $96.00 price objective on Spire in a research note on Thursday, May 21st. Wolfe Research began coverage on Spire in a research note on Tuesday, May 26th. They set a “peer perform” rating on the stock. TD Cowen began coverage on Spire in a research note on Thursday, April 16th. They set a “hold” rating and a $101.00 price objective on the stock. Wells Fargo & Company began coverage on Spire in a research note on Monday, May 11th. They set an “overweight” rating and a $96.00 price objective on the stock. Finally, Wall Street Zen cut Spire from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Spire presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.22.
Read Our Latest Analysis on SR
Institutional Trading of Spire
A number of large investors have recently modified their holdings of SR. Community Bank N.A. purchased a new stake in shares of Spire in the third quarter valued at approximately $25,000. Sound Income Strategies LLC purchased a new stake in shares of Spire in the fourth quarter valued at approximately $25,000. Optima Capital LLC purchased a new stake in shares of Spire in the fourth quarter valued at approximately $25,000. Los Angeles Capital Management LLC purchased a new stake in shares of Spire in the fourth quarter valued at approximately $25,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Spire by 186.8% in the third quarter. Smartleaf Asset Management LLC now owns 370 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 241 shares during the period. Hedge funds and other institutional investors 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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