Advisors Asset Management Inc. boosted its holdings in Spire Inc (NYSE:SR) by 581.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,450 shares of the utilities provider’s stock after acquiring an additional 34,513 shares during the period. Advisors Asset Management Inc.’s holdings in Spire were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. lifted its holdings in Spire by 1.1% in the 1st quarter. Russell Investments Group Ltd. now owns 73,017 shares of the utilities provider’s stock valued at $5,279,000 after purchasing an additional 771 shares in the last quarter. First Midwest Bank Trust Division lifted its holdings in Spire by 13.2% in the 2nd quarter. First Midwest Bank Trust Division now owns 6,751 shares of the utilities provider’s stock valued at $477,000 after purchasing an additional 786 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Spire by 17.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,346 shares of the utilities provider’s stock valued at $378,000 after purchasing an additional 787 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in Spire by 5.3% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 15,839 shares of the utilities provider’s stock valued at $1,119,000 after purchasing an additional 795 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in Spire by 0.9% in the 2nd quarter. New York State Teachers Retirement System now owns 93,098 shares of the utilities provider’s stock valued at $6,577,000 after purchasing an additional 822 shares in the last quarter. 82.49% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on SR. Zacks Investment Research upgraded shares of Spire from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. Guggenheim reiterated a “buy” rating and set a $77.00 price objective on shares of Spire in a report on Monday, July 23rd. JPMorgan Chase & Co. set a $72.00 price objective on shares of Spire and gave the stock a “sell” rating in a report on Tuesday. Morgan Stanley increased their price objective on shares of Spire from $69.00 to $75.00 and gave the stock an “underweight” rating in a report on Monday, July 16th. Finally, ValuEngine upgraded shares of Spire from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Spire currently has a consensus rating of “Hold” and an average price target of $75.44.

SR opened at $71.62 on Friday. The company has a market cap of $3.73 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 4.93 and a beta of 0.01. Spire Inc has a 1 year low of $60.08 and a 1 year high of $82.85. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.72 and a quick ratio of 0.53.

Spire (NYSE:SR) last posted its earnings results on Thursday, August 2nd. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.05. The firm had revenue of $350.60 million during the quarter, compared to the consensus estimate of $304.27 million. Spire had a net margin of 11.43% and a return on equity of 9.36%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. On average, analysts expect that Spire Inc will post 3.71 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Tuesday, September 11th were given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Monday, September 10th. Spire’s dividend payout ratio (DPR) is presently 63.20%.

Spire Profile

Spire Inc, through its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas customers in the United States. It operates through two segments, Gas Utility and Gas Marketing. The company is also involved in marketing natural gas and provides energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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