Texas Permanent School Fund boosted its holdings in shares of Spire Inc (NYSE:SR) by 3.9% during the first quarter, HoldingsChannel.com reports. The firm owned 34,452 shares of the utilities provider’s stock after acquiring an additional 1,290 shares during the quarter. Texas Permanent School Fund’s holdings in Spire were worth $2,835,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc increased its holdings in Spire by 2.4% during the 3rd quarter. Vanguard Group Inc now owns 5,130,613 shares of the utilities provider’s stock valued at $377,356,000 after purchasing an additional 119,269 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in shares of Spire during the 4th quarter worth approximately $1,299,000. Alpha Windward LLC purchased a new position in shares of Spire during the 1st quarter worth approximately $509,000. Parkside Financial Bank & Trust grew its holdings in shares of Spire by 90.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 593 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 281 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of Spire by 4.5% during the 4th quarter. Legal & General Group Plc now owns 335,283 shares of the utilities provider’s stock worth $24,822,000 after acquiring an additional 14,474 shares during the period. Institutional investors own 82.30% of the company’s stock.

Shares of SR traded up $0.89 during mid-day trading on Thursday, reaching $85.79. The company had a trading volume of 1,385 shares, compared to its average volume of 360,026. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.85. Spire Inc has a 52 week low of $64.95 and a 52 week high of $86.76. The stock has a market cap of $4.35 billion, a P/E ratio of 22.97, a P/E/G ratio of 6.07 and a beta of 0.23.

Spire (NYSE:SR) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $2.90 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.27. Spire had a return on equity of 8.05% and a net margin of 11.12%. The firm had revenue of $803.50 million for the quarter, compared to analysts’ expectations of $795.74 million. During the same period in the previous year, the firm posted $2.83 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Spire Inc will post 3.74 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 11th will be given a $0.5925 dividend. The ex-dividend date is Monday, June 10th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 2.76%. Spire’s dividend payout ratio is currently 63.71%.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Spire from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Wells Fargo & Co upped their target price on Spire from $85.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Finally, Credit Suisse Group set a $75.00 target price on Spire and gave the stock a “sell” rating in a report on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $79.71.

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Spire Company Profile

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 in the United States. The company operates through two segments, Gas Utility and Gas Marketing. It is also involved in marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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