Dynamic Technology Lab Private Ltd Acquires Shares of 8,651 Spire Inc. (NYSE:SR)

Spire logo Dynamic Technology Lab Private Ltd bought a new position in Spire Inc. (NYSE:SR – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 8,651 shares of the utilities provider’s stock, valued at approximately $539,000.

A number of other institutional investors have also recently made changes to their positions in SR. International Assets Investment Management LLC bought a new stake in Spire during the 4th quarter valued at $2,001,000. Assenagon Asset Management S.A. acquired a new position in shares of Spire during the 4th quarter worth approximately $2,130,000. Vaughan Nelson Investment Management L.P. lifted its holdings in Spire by 11.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 772,012 shares of the utilities provider’s stock valued at $48,127,000 after acquiring an additional 80,405 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Spire by 11.9% in the 3rd quarter. Victory Capital Management Inc. now owns 278,155 shares of the utilities provider’s stock valued at $15,738,000 after purchasing an additional 29,666 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Spire by 5.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 648,864 shares of the utilities provider’s stock worth $36,713,000 after acquiring an additional 33,153 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

Spire Price Performance

Shares of SR stock opened at $59.69 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.61 and a quick ratio of 0.48. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 2.78 and a beta of 0.50. The stock’s fifty day simple moving average is $60.73 and its 200 day simple moving average is $60.61. Spire Inc. has a one year low of $53.77 and a one year high of $68.04.

Spire (NYSE:SR – Get Free Report) last posted its earnings results on Wednesday, May 1st. The utilities provider reported $3.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.86 by ($0.41). Spire had a return on equity of 7.88% and a net margin of 9.05%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm posted $3.70 earnings per share. Spire’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts expect that Spire Inc. will post 4.33 earnings per share for the current fiscal year.

Spire Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 11th will be paid a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend is Tuesday, June 11th. Spire’s dividend payout ratio is presently 76.26%.

Insider Transactions at Spire

In other news, Treasurer Adam W. Woodard sold 1,229 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $59.58, for a total transaction of $73,223.82. Following the completion of the sale, the treasurer now owns 1,560 shares of the company’s stock, valued at approximately $92,944.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.86% of the company’s stock.

Wall Street Analysts Forecast Growth

SR has been the subject of a number of research reports. UBS Group started coverage on shares of Spire in a research report on Friday, April 12th. They issued a “buy” rating and a $68.00 price target for the company. LADENBURG THALM/SH SH started coverage on shares of Spire in a report on Friday, April 26th. They set a “neutral” rating and a $57.50 target price on the stock. Mizuho lowered shares of Spire from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $64.00 to $62.00 in a report on Thursday, May 2nd. StockNews.com raised shares of Spire from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company raised their target price on Spire from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $61.72.

Read Our Latest Stock Report on Spire

Spire Company Profile

(Free Report)

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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