Dean Investment Associates LLC Has $4,434,000 Holdings in Spire Inc. (SR)
Dean Investment Associates LLC held its stake in Spire Inc. (NYSE:SR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,685 shares of the utilities provider’s stock at the end of the 2nd quarter. Dean Investment Associates LLC owned 0.14% of Spire worth $4,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also made changes to their positions in SR. LS Investment Advisors LLC lifted its position in shares of Spire by 13.0% in the second quarter. LS Investment Advisors LLC now owns 1,793 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 206 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Spire by 8.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,825 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 144 shares in the last quarter. World Asset Management Inc bought a new stake in shares of Spire in the second quarter worth $222,000. Creative Planning lifted its position in shares of Spire by 6.1% in the second quarter. Creative Planning now owns 3,826 shares of the utilities provider’s stock worth $267,000 after purchasing an additional 220 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of 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 purchasing an additional 654 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.
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Several analysts have issued reports on SR shares. 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, August 9th. Morgan Stanley upped their price target on shares of Spire from $68.00 to $73.00 and gave the stock an “underweight” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Spire from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Spire currently has a consensus rating of “Hold” and an average price target of $72.17.
Spire Inc. (NYSE SR) traded down 0.891% during mid-day trading on Wednesday, reaching $75.125. 61,181 shares of the company’s stock traded hands. Spire Inc. has a 12 month low of $59.54 and a 12 month high of $78.00. The company has a 50 day moving average price of $75.50 and a 200-day moving average price of $70.59. The stock has a market cap of $3.63 billion, a P/E ratio of 21.706 and a beta of 0.33.
Spire (NYSE:SR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.05. The company had revenue of $323.50 million for the quarter, compared to analysts’ expectations of $293.99 million. Spire had a return on equity of 8.77% and a net margin of 9.12%. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. On average, analysts anticipate that Spire Inc. will post $3.57 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Monday, September 11th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Friday, September 8th. Spire’s payout ratio is 60.17%.
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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