Algert Global LLC bought a new stake in Spire Inc. (NYSE:SR – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,541 shares of the utilities provider’s stock, valued at approximately $337,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Spire in the 2nd quarter valued at approximately $31,000. LRI Investments LLC acquired a new position in shares of Spire during the 1st quarter worth $35,000. Fidelis Capital Partners LLC purchased a new stake in shares of Spire in the 1st quarter worth about $37,000. EntryPoint Capital LLC acquired a new stake in Spire in the 1st quarter valued at about $47,000. Finally, Blue Trust Inc. increased its holdings in Spire by 26.8% during the 2nd quarter. Blue Trust Inc. now owns 761 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 161 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.
Spire Stock Up 0.4 %
SR stock opened at $64.49 on Wednesday. The company has a 50 day moving average price of $65.55 and a two-hundred day moving average price of $62.67. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.35 and a current ratio of 0.48. The stock has a market capitalization of $3.72 billion, a P/E ratio of 16.29, a PEG ratio of 3.17 and a beta of 0.52. Spire Inc. has a one year low of $54.15 and a one year high of $68.02.
Spire Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th were given a $0.755 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $3.02 annualized dividend and a dividend yield of 4.68%. Spire’s dividend payout ratio is presently 76.26%.
Insider Activity at Spire
In other Spire news, VP Gerard J. Gorla sold 500 shares of Spire stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $64.82, for a total value of $32,410.00. Following the transaction, the vice president now owns 7,311 shares in the company, valued at $473,899.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Gerard J. Gorla sold 500 shares of Spire stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $64.82, for a total value of $32,410.00. Following the transaction, the vice president now directly owns 7,311 shares of the company’s stock, valued at $473,899.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Maria V. Fogarty sold 6,590 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $65.15, for a total value of $429,338.50. Following the sale, the director now owns 9,800 shares of the company’s stock, valued at $638,470. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.86% of the stock is owned by insiders.
Analyst Ratings Changes
Several research firms have recently commented on SR. Morgan Stanley increased their price target on shares of Spire from $70.00 to $76.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Stifel Nicolaus increased their target price on Spire from $64.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $63.83.
Read Our Latest Research Report on Spire
Spire Profile
Spire Inc, together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates through three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.
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