Spire Inc (NYSE:SR) has received an average recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $76.00.
Several analysts have recently commented on SR shares. Wells Fargo & Co set a $82.00 price objective on Spire and gave the company a “buy” rating in a report on Monday, September 17th. ValuEngine upgraded Spire from a “hold” rating to a “buy” rating in a report on Wednesday. Guggenheim reiterated a “buy” rating and set a $77.00 price objective on shares of Spire in a report on Monday, July 23rd. Zacks Investment Research upgraded Spire from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. Finally, JPMorgan Chase & Co. set a $72.00 price objective on Spire and gave the company a “sell” rating in a report on Tuesday, October 9th.
Spire stock traded down $0.68 during mid-day trading on Tuesday, reaching $73.27. 181,780 shares of the company were exchanged, compared to its average volume of 165,771. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.88. The firm has a market cap of $3.71 billion, a P/E ratio of 20.58, a P/E/G ratio of 4.95 and a beta of 0.01. Spire has a 12-month low of $60.08 and a 12-month high of $82.85.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Tuesday, September 11th were given a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Monday, September 10th. Spire’s payout ratio is 63.20%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in Spire by 696.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,888 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 1,651 shares during the period. Federated Investors Inc. PA grew its position in Spire by 3.0% during the 2nd quarter. Federated Investors Inc. PA now owns 248,333 shares of the utilities provider’s stock worth $17,545,000 after purchasing an additional 7,133 shares during the period. Renaissance Technologies LLC grew its position in Spire by 18.5% during the 2nd quarter. Renaissance Technologies LLC now owns 885,400 shares of the utilities provider’s stock worth $62,554,000 after purchasing an additional 138,100 shares during the period. Citadel Advisors LLC grew its position in Spire by 311.3% during the 2nd quarter. Citadel Advisors LLC now owns 64,642 shares of the utilities provider’s stock worth $4,566,000 after purchasing an additional 48,926 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in Spire during the 2nd quarter worth about $13,085,000. 82.03% of the stock is currently owned by hedge funds and other institutional investors.
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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