Boston Partners Purchases 1,538 Shares of Spire Inc. (NYSE:SR)

Boston Partners boosted its stake in Spire Inc. (NYSE:SRFree Report) by 15.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,303 shares of the utilities provider’s stock after buying an additional 1,538 shares during the quarter. Boston Partners’ holdings in Spire were worth $640,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp grew its stake in Spire by 81.9% in the 3rd quarter. Fifth Third Bancorp now owns 644 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 290 shares during the period. Quarry LP grew its stake in shares of Spire by 817.5% during the 2nd quarter. Quarry LP now owns 578 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 515 shares during the period. Cohen & Steers Inc. grew its stake in shares of Spire by 31.8% during the 1st quarter. Cohen & Steers Inc. now owns 639 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 154 shares during the period. Larson Financial Group LLC grew its stake in shares of Spire by 96.8% during the 2nd quarter. Larson Financial Group LLC now owns 1,092 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 537 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Spire by 159.2% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,003 shares of the utilities provider’s stock worth $70,000 after acquiring an additional 616 shares during the period. 87.36% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Spire

In related news, Director Paul D. Koonce acquired 500 shares of the stock in a transaction on Monday, November 20th. The stock was acquired at an average price of $60.95 per share, for a total transaction of $30,475.00. Following the completion of the purchase, the director now owns 500 shares of the company’s stock, valued at $30,475. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.86% of the company’s stock.

Spire Stock Performance

Shares of NYSE SR opened at $57.85 on Thursday. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 2.38 and a beta of 0.50. The company has a current ratio of 0.55, a quick ratio of 0.43 and a debt-to-equity ratio of 1.16. Spire Inc. has a 1-year low of $53.77 and a 1-year high of $74.07. The stock’s 50-day moving average is $61.40 and its 200 day moving average is $59.82.

Spire (NYSE:SRGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.10. Spire had a return on equity of 8.27% and a net margin of 8.11%. The business had revenue of $756.60 million for the quarter, compared to analyst estimates of $688.88 million. During the same period last year, the company earned $1.55 EPS. Spire’s revenue for the quarter was down 7.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Spire Inc. will post 4.34 EPS for the current fiscal year.

Spire Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Monday, March 11th will be given a $0.755 dividend. The ex-dividend date is Friday, March 8th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 5.22%. Spire’s dividend payout ratio is currently 81.40%.

Analyst Upgrades and Downgrades

SR has been the topic of a number of recent research reports. StockNews.com raised Spire to a “sell” rating in a report on Friday, November 17th. Morgan Stanley lowered their price target on Spire from $66.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 21st. Mizuho lowered their price target on Spire from $66.00 to $64.00 and set a “buy” rating on the stock in a report on Monday, January 22nd. Bank of America raised their price objective on Spire from $53.00 to $55.00 and gave the company an “underperform” rating in a report on Tuesday, November 28th. Finally, Wells Fargo & Company decreased their price objective on Spire from $67.00 to $64.00 and set an “equal weight” rating on the stock in a report on Friday, November 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Spire currently has an average rating of “Hold” and an average target price of $61.43.

Check Out Our Latest Analysis on SR

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.

Further Reading

Institutional Ownership by Quarter for Spire (NYSE:SR)

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