Spire Inc. (SR) Shares Bought by Reilly Herbert Faulkner III
Reilly Herbert Faulkner III increased its position in Spire Inc. (NYSE:SR) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,710 shares of the utilities provider’s stock after buying an additional 1,890 shares during the period. Spire accounts for 2.5% of Reilly Herbert Faulkner III’s holdings, making the stock its 29th largest position. Reilly Herbert Faulkner III owned approximately 0.12% of Spire worth $4,025,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of SR. Schwab Charles Investment Management Inc. increased its position in Spire by 1.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 236,198 shares of the utilities provider’s stock valued at $15,944,000 after buying an additional 2,958 shares during the last quarter. Teachers Advisors LLC increased its position in Spire by 12.6% in the fourth quarter. Teachers Advisors LLC now owns 80,328 shares of the utilities provider’s stock valued at $5,185,000 after buying an additional 9,020 shares during the last quarter. Citadel Advisors LLC increased its position in Spire by 15.4% in the first quarter. Citadel Advisors LLC now owns 17,953 shares of the utilities provider’s stock valued at $1,212,000 after buying an additional 2,396 shares during the last quarter. State of Alaska Department of Revenue increased its position in 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 valued at $342,000 after buying an additional 100 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Spire by 5.4% in the first quarter. Vanguard Group Inc. now owns 4,219,000 shares of the utilities provider’s stock valued at $284,783,000 after buying an additional 216,388 shares during the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.
Spire Inc. (NYSE SR) traded up 0.52% during trading on Friday, hitting $77.45. 7,186 shares of the stock were exchanged. Spire Inc. has a 1-year low of $59.54 and a 1-year high of $77.50. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 22.38 and a beta of 0.33. The company has a 50-day moving average price of $73.20 and a 200 day moving average price of $69.47.
Spire (NYSE:SR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.05. The company had revenue of $323.50 million during the quarter, compared to analysts’ expectations of $293.99 million. Spire had a return on equity of 8.77% and a net margin of 9.12%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 EPS. Equities analysts predict that Spire Inc. will post $3.57 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Monday, September 11th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Friday, September 8th. Spire’s payout ratio is currently 60.17%.
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SR has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Spire from a “sell” rating to a “hold” rating in a research note on Saturday, May 6th. Morgan Stanley lifted their target price on shares of Spire from $70.00 to $71.00 and gave the stock an “underweight” rating in a research note on Monday, May 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $71.00 target price on shares of Spire in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $73.00 target price on shares of Spire in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $71.83.
Spire Company Profile
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.
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