Public Employees Retirement System of Ohio held its stake in Spire Inc. (NYSE:SR) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,861 shares of the utilities provider’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in Spire were worth $126,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust raised its position in Spire by 34.2% in the first quarter. Parkside Financial Bank & Trust now owns 1,597 shares of the utilities provider’s stock worth $108,000 after buying an additional 407 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in Spire by 8.4% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 3,277 shares of the utilities provider’s stock worth $223,000 after buying an additional 255 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Spire during the first quarter worth approximately $242,000. Cambridge Investment Research Advisors Inc. raised its position in Spire by 19.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,009 shares of the utilities provider’s stock worth $271,000 after buying an additional 654 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in Spire by 35.6% in the first quarter. Private Advisor Group LLC now owns 4,852 shares of the utilities provider’s stock worth $329,000 after buying an additional 1,274 shares during the last quarter. 74.68% of the stock is owned by institutional investors.

Spire Inc. (SR) traded down 1.31% on Friday, hitting $75.05. The company’s stock had a trading volume of 169,155 shares. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 21.68 and a beta of 0.33. The firm has a 50 day moving average of $71.68 and a 200 day moving average of $68.70. Spire Inc. has a 12 month low of $59.54 and a 12 month high of $76.20.

Spire (NYSE:SR) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The business had revenue of $323.50 million during the quarter, compared to the consensus estimate of $293.99 million. Spire had a net margin of 9.12% and a return on equity of 8.77%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Equities research analysts forecast that Spire Inc. will post $3.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Monday, September 11th will be given a $0.525 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.80%. Spire’s dividend payout ratio (DPR) is currently 60.17%.

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SR has been the subject of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $71.00 price target on shares of Spire in a research report on Thursday, August 3rd. Zacks Investment Research raised Spire from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research report on Wednesday, July 12th. Morgan Stanley upped their price target on Spire from $70.00 to $71.00 and gave the company an “underweight” rating in a research report on Monday, May 8th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $73.00 price target on shares of Spire in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $71.43.

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.

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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