California State Teachers Retirement System cut its stake in shares of Spire Inc. (NYSE:SR) by 5.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,684 shares of the utilities provider’s stock after selling 4,412 shares during the period. California State Teachers Retirement System owned about 0.17% of Spire worth $5,837,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bruderman Asset Management LLC acquired a new position in shares of Spire during the second quarter worth $124,000. LS Investment Advisors LLC increased its holdings in shares of Spire by 13.0% during the second quarter. LS Investment Advisors LLC now owns 1,793 shares of the utilities provider’s stock worth $125,000 after buying an additional 206 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Spire by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,825 shares of the utilities provider’s stock worth $127,000 after buying an additional 144 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of Spire by 30.7% during the second quarter. Advisor Group Inc. now owns 2,147 shares of the utilities provider’s stock worth $149,000 after buying an additional 504 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Spire during the second quarter worth $210,000. Institutional investors own 79.55% of the company’s stock.

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Shares of Spire Inc. (NYSE:SR) opened at 78.85 on Monday. The company has a 50-day moving average price of $75.96 and a 200-day moving average price of $72.82. Spire Inc. has a 12-month low of $59.70 and a 12-month high of $78.90. The firm has a market capitalization of $3.81 billion, a P/E ratio of 22.78 and a beta of 0.32.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Monday, September 11th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Friday, September 8th. Spire’s dividend payout ratio is currently 60.17%.

SR has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Spire from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Wednesday, October 4th. Morgan Stanley upped their price target on shares of Spire from $73.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, September 8th. Royal Bank Of Canada reiterated a “hold” rating and set a $73.00 price target on shares of Spire in a report on Wednesday, August 9th. J P Morgan Chase & Co upped their price target on shares of Spire from $71.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, October 12th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $71.00 price target on shares of Spire in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $73.57.

About Spire

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.

Institutional Ownership by Quarter for Spire (NYSE:SR)

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