Robeco Institutional Asset Management B.V. cut its holdings in shares of Spire Inc (NYSE:SR) by 6.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 656,936 shares of the utilities provider’s stock after selling 49,039 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 1.30% of Spire worth $48,349,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Spire by 696.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,888 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 1,651 shares during the period. Federated Investors Inc. PA raised its holdings in Spire by 3.0% during the second quarter. Federated Investors Inc. PA now owns 248,333 shares of the utilities provider’s stock valued at $17,545,000 after acquiring an additional 7,133 shares during the period. Renaissance Technologies LLC raised its holdings in Spire by 18.5% during the second quarter. Renaissance Technologies LLC now owns 885,400 shares of the utilities provider’s stock valued at $62,554,000 after acquiring an additional 138,100 shares during the period. Citadel Advisors LLC raised its holdings in Spire by 311.3% during the second quarter. Citadel Advisors LLC now owns 64,642 shares of the utilities provider’s stock valued at $4,566,000 after acquiring an additional 48,926 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new stake in Spire during the second quarter valued at about $13,085,000. 82.03% of the stock is currently owned by institutional investors and hedge funds.
SR has been the topic of a number of recent analyst reports. Zacks Investment Research raised Spire from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. Guggenheim reaffirmed a “buy” rating and issued a $77.00 target price on shares of Spire in a report on Monday, July 23rd. Morgan Stanley lifted their target price on Spire from $69.00 to $75.00 and gave the stock an “underweight” rating in a report on Monday, July 16th. JPMorgan Chase & Co. set a $72.00 target price on Spire and gave the stock a “sell” rating in a report on Tuesday, October 9th. Finally, Wells Fargo & Co set a $82.00 target price on Spire and gave the stock a “buy” rating in a report on Monday, September 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $75.75.
Spire (NYSE:SR) last issued its earnings results on Thursday, August 2nd. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.05. Spire had a return on equity of 9.36% and a net margin of 11.43%. The firm had revenue of $350.60 million for the quarter, compared to analysts’ expectations of $304.27 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. As a group, analysts predict that Spire Inc will post 3.71 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Tuesday, September 11th were given a $0.5625 dividend. The ex-dividend date was Monday, September 10th. This represents a $2.25 annualized dividend and a yield of 3.07%. Spire’s dividend payout ratio is currently 63.20%.
Spire Company 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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