TD Asset Management Inc Reduces Stock Holdings in Spire Inc. $SR

TD Asset Management Inc reduced its position in Spire Inc. (NYSE:SR) by 23.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 26,800 shares of the utilities provider’s stock after selling 8,400 shares during the period. TD Asset Management Inc’s holdings in Spire were worth $2,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in SR. Smartleaf Asset Management LLC grew its stake in shares of Spire by 186.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 370 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 241 shares during the period. Hantz Financial Services Inc. lifted its holdings in Spire by 1,957.1% during the second quarter. Hantz Financial Services Inc. now owns 432 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 411 shares during the last quarter. Financial Consulate Inc. bought a new position in Spire during the third quarter worth about $36,000. Headlands Technologies LLC purchased a new position in shares of Spire in the second quarter worth about $38,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Spire by 1,031.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 611 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 557 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors.

Spire Price Performance

SR opened at $92.02 on Thursday. The stock has a market capitalization of $5.44 billion, a P/E ratio of 20.00, a PEG ratio of 1.49 and a beta of 0.64. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 1.39. Spire Inc. has a 12-month low of $69.94 and a 12-month high of $92.95. The stock has a 50-day moving average price of $85.92 and a 200-day moving average price of $83.68.

Spire (NYSE:SR) last posted its quarterly earnings results on Tuesday, February 3rd. The utilities provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.62 by $0.15. Spire had a net margin of 10.95% and a return on equity of 9.43%. The firm had revenue of $762.20 million for the quarter, compared to the consensus estimate of $785.54 million. During the same period last year, the firm posted $1.34 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. Spire has set its FY 2027 guidance at 5.650-5.850 EPS and its FY 2026 guidance at 5.250-5.450 EPS. Equities analysts predict that Spire Inc. will post 4.5 earnings per share for the current fiscal year.

Spire Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, March 11th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, March 11th. Spire’s dividend payout ratio (DPR) is currently 71.74%.

Analysts Set New Price Targets

SR has been the subject of several analyst reports. UBS Group raised their price objective on shares of Spire from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Mizuho raised their price target on Spire from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Jefferies Financial Group reiterated a “buy” rating and set a $99.00 price objective on shares of Spire in a research note on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating and issued a $100.00 target price on shares of Spire in a research note on Friday, February 20th. Finally, Weiss Ratings raised shares of Spire from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Spire presently has an average rating of “Moderate Buy” and a consensus target price of $90.70.

Spire Company Profile

Spire Inc (NYSE: SR), formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire’s service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.

Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.