Duff & Phelps Investment Management Co. decreased its position in shares of Spire Inc. (NYSE:SR) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 820,160 shares of the utilities provider’s stock after selling 180 shares during the period. Duff & Phelps Investment Management Co. owned about 1.70% of Spire worth $57,206,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in SR. Teachers Advisors LLC raised its stake in shares of Spire by 12.6% in the fourth quarter. Teachers Advisors LLC now owns 80,328 shares of the utilities provider’s stock worth $5,185,000 after buying an additional 9,020 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Spire by 1.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 236,198 shares of the utilities provider’s stock worth $15,944,000 after buying an additional 2,958 shares during the period. Citadel Advisors LLC raised its stake in shares of Spire by 15.4% in the first quarter. Citadel Advisors LLC now owns 17,953 shares of the utilities provider’s stock worth $1,212,000 after buying an additional 2,396 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Spire by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 5,070 shares of the utilities provider’s stock worth $342,000 after buying an additional 100 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of Spire by 34.2% in the first quarter. Parkside Financial Bank & Trust now owns 1,597 shares of the utilities provider’s stock worth $108,000 after buying an additional 407 shares during the period. Institutional investors and hedge funds own 74.68% of the company’s stock.

Shares of Spire Inc. (NYSE:SR) opened at 75.05 on Friday. Spire Inc. has a 1-year low of $59.54 and a 1-year high of $76.20. The stock has a 50 day moving average of $71.68 and a 200 day moving average of $68.70. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 21.68 and a beta of 0.33.

Spire (NYSE:SR) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. Spire had a return on equity of 8.77% and a net margin of 9.12%. The firm had revenue of $323.50 million during the quarter, compared to the consensus estimate of $293.99 million. During the same period last year, the company earned $0.33 earnings per share. The company’s revenue was up 29.8% on a year-over-year basis. On average, equities analysts forecast that Spire Inc. will post $3.57 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Monday, September 11th will be issued a dividend of $0.525 per share. The ex-dividend date is Friday, September 8th. This represents a $2.10 annualized dividend and a dividend yield of 2.80%. Spire’s payout ratio is presently 60.17%.

WARNING: “Duff & Phelps Investment Management Co. Sells 180 Shares of Spire Inc. (SR)” was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://theolympiareport.com/2017/08/12/duff-phelps-investment-management-co-sells-180-shares-of-spire-inc-sr.html.

SR has been the subject of a number of recent research reports. Morgan Stanley boosted their price target on shares of Spire from $70.00 to $71.00 and gave the company an “underweight” rating in a research note on Monday, May 8th. Zacks Investment Research upgraded shares of Spire from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Wednesday, July 12th. Royal Bank Of Canada restated a “hold” rating and set a $73.00 price target on shares of Spire in a research note on Wednesday. Finally, Stifel Nicolaus restated a “hold” rating and set a $71.00 price target on shares of Spire in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Spire currently has a consensus rating of “Hold” and an average target price of $71.43.

About Spire

Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.

Institutional Ownership by Quarter for Spire (NYSE:SR)

Receive News & Ratings for Spire Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spire Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.