Spire Inc. $SR Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA cut its holdings in shares of Spire Inc. (NYSE:SR) by 5.7% in the third quarter, HoldingsChannel.com reports. The firm owned 130,292 shares of the utilities provider’s stock after selling 7,869 shares during the quarter. Leeward Investments LLC MA’s holdings in Spire were worth $9,914,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Detalus Advisors LLC increased its position in shares of Spire by 2.3% during the 1st quarter. Detalus Advisors LLC now owns 6,200 shares of the utilities provider’s stock worth $561,000 after purchasing an additional 142 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Spire by 15.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,411 shares of the utilities provider’s stock valued at $117,000 after buying an additional 188 shares during the period. Royal Bank of Canada lifted its position in Spire by 1.2% in the first quarter. Royal Bank of Canada now owns 16,282 shares of the utilities provider’s stock valued at $1,475,000 after buying an additional 193 shares during the last quarter. Versant Capital Management Inc lifted its position in Spire by 53.8% in the third quarter. Versant Capital Management Inc now owns 655 shares of the utilities provider’s stock valued at $50,000 after buying an additional 229 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Spire by 17.5% in the third quarter. GAMMA Investing LLC now owns 1,910 shares of the utilities provider’s stock valued at $145,000 after buying an additional 284 shares during the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Spire Trading Up 0.2%

SR opened at $85.38 on Monday. Spire Inc. has a 52 week low of $74.84 and a 52 week high of $95.31. The company has a quick ratio of 0.27, a current ratio of 0.37 and a debt-to-equity ratio of 1.61. The business has a fifty day simple moving average of $80.72 and a 200-day simple moving average of $82.73. The firm has a market cap of $5.05 billion, a P/E ratio of 9.52, a P/E/G ratio of 1.39 and a beta of 0.52.

Spire (NYSE:SR) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.06. Spire had a return on equity of 8.65% and a net margin of 21.48%. The firm had revenue of $420.20 million for the quarter, compared to the consensus estimate of $394.62 million. During the same quarter in the previous year, the business earned $0.01 EPS. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. On average, equities analysts expect that Spire Inc. will post 4.00 earnings per share for the current year.

Spire Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were paid a dividend of $0.8250 per share. This represents a $3.30 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, September 11th. Spire’s payout ratio is presently 36.79%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Spire from $85.00 to $86.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 20th. Weiss Ratings upgraded shares of Spire from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Wall Street Zen raised shares of Spire from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Morgan Stanley reduced their price target on shares of Spire from $91.00 to $88.00 and set an “overweight” rating on the stock in a research note on Friday, September 18th. Finally, Mizuho started coverage on shares of Spire in a report on Tuesday, July 7th. They issued an “outperform” rating and a $88.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.58.

Spire Profile

Spire Inc is an energy company that provides natural gas services to residential, commercial, industrial and other customers. Through its regulated utility operations, the company distributes natural gas and provides related customer services, with a focus on delivering dependable energy and maintaining the infrastructure needed to serve its communities.

Spire’s regulated utilities serve customers primarily in Missouri and Alabama, with operations that have also included service in Mississippi.