Several institutional investors have recently invested in Spire (NYSE: SR). Notable purchases include:
– International Assets Investment Management: ~$31,000
– LRI Investments: ~$35,000
– Fidelis Capital Partners: ~$37,000
– EntryPoint Capital: ~$47,000
– Blue Trust: Increased by 26.8%, now holding 761 shares valued at ~$47,000.
Overall, institutional investors own 87.36% of Spire’s stock.
Analyst Ratings
Research analysts recently upgraded their projections for Spire. Stifel Nicolaus raised their price target from $64.00 to $70.00, giving a “hold” rating. Morgan Stanley increased theirs from $70.00 to $76.00, also assigning an “equal weight” rating. The stock has one sell, seven hold, and one buy rating, with an average rating of “Hold” and a target price of $64.94.
Read Our Latest Stock Report on Spire
Stock Update
Spire shares opened at $65.56. Key metrics include:
– Debt-to-equity ratio: 1.11
– Market cap: $3.79 billion
– P/E ratio: 16.56
– 1-year range: $54.15 (low) to $68.02 (high)
– Last quarterly earnings: EPS of ($0.14), beating estimates. Revenue was $414.10 million, down 1.1% from last year.
Dividends
Spire declared a quarterly dividend of $0.755, payable on October 2nd. The annual yield stands at 4.61%, with a payout ratio of 76.26%.
Insider Activity
Director Maria V. Fogarty sold 6,590 shares at $65.15, totaling $429,338.50. After the sale, she holds 9,800 shares valued at ~$638,470. VP Gerard J. Gorla also sold 500 shares at $64.82, amounting to $32,410. Insiders own 2.86% of Spire.
Company Overview
Spire Inc. sells natural gas across the U.S., operating in three segments: Gas Utility, Gas Marketing, and Midstream.
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Want to track hedge fund activity for SR? Visit HoldingsChannel.com for the latest updates.
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