Spire Inc. (SR) To Go Ex-Dividend on June 11th

Spire Inc. (NYSE:SR) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Thursday, June 11th will be paid a dividend of 0.825 per share by the utilities provider on Thursday, July 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, June 11th.

Spire has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 22 years. Spire has a dividend payout ratio of 65.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Spire to earn $5.57 per share next year, which means the company should continue to be able to cover its $3.30 annual dividend with an expected future payout ratio of 59.2%.

Spire Stock Down 0.7%

Shares of NYSE:SR opened at $90.52 on Friday. The business’s 50 day moving average is $91.46 and its 200 day moving average is $87.52. Spire has a 12-month low of $69.94 and a 12-month high of $95.31. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 1.49 and a beta of 0.56. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 1.39.

Spire (NYSE:SR) last released its quarterly earnings results on Tuesday, February 3rd. The utilities provider reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.15. Spire had a return on equity of 9.43% and a net margin of 10.95%.The business had revenue of $762.20 million during the quarter, compared to analyst estimates of $785.54 million. During the same period in the prior year, the firm posted $1.34 EPS. Spire’s quarterly 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. On average, sell-side analysts forecast that Spire will post 5.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Spire

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Spire by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,430,368 shares of the utilities provider’s stock valued at $531,791,000 after buying an additional 19,326 shares during the period. State Street Corp raised its position in Spire by 1.9% in the second quarter. State Street Corp now owns 3,351,641 shares of the utilities provider’s stock worth $247,162,000 after acquiring an additional 61,851 shares during the period. Geode Capital Management LLC boosted its stake in Spire by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 1,579,856 shares of the utilities provider’s stock valued at $130,672,000 after acquiring an additional 47,106 shares during the last quarter. Captrust Financial Advisors boosted its stake in Spire by 1.7% in the fourth quarter. Captrust Financial Advisors now owns 1,240,395 shares of the utilities provider’s stock valued at $102,581,000 after acquiring an additional 20,224 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its position in shares of Spire by 70.0% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,123,220 shares of the utilities provider’s stock valued at $92,890,000 after acquiring an additional 462,500 shares during the period. 87.36% of the stock is owned by hedge funds and other institutional investors.

About Spire

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.