Public Employees Retirement System of Ohio grew its position in shares of Spire Inc (NYSE:SR) by 34.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 17,540 shares of the utilities provider’s stock after purchasing an additional 4,479 shares during the period. Public Employees Retirement System of Ohio’s holdings in Spire were worth $1,472,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. bought a new position in Spire during the second quarter valued at approximately $1,695,000. Bank of New York Mellon Corp lifted its position in Spire by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 726,695 shares of the utilities provider’s stock valued at $60,984,000 after purchasing an additional 11,870 shares during the period. Capital Fund Management S.A. bought a new position in Spire during the second quarter valued at approximately $537,000. Charles Schwab Investment Management Inc. lifted its position in Spire by 0.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 408,543 shares of the utilities provider’s stock valued at $34,285,000 after purchasing an additional 1,945 shares during the period. Finally, Ontario Teachers Pension Plan Board bought a new position in Spire during the second quarter valued at approximately $3,962,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.
A number of research analysts recently weighed in on the stock. Wells Fargo & Co increased their price objective on shares of Spire from $89.00 to $90.00 and gave the company a “market perform” rating in a research report on Friday, September 6th. Zacks Investment Research downgraded shares of Spire from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $82.00.
SR traded up $0.74 during trading on Thursday, hitting $87.17. The company’s stock had a trading volume of 2,509 shares, compared to its average volume of 218,617. The company has a quick ratio of 0.40, a current ratio of 0.53 and a debt-to-equity ratio of 0.86. Spire Inc has a one year low of $70.53 and a one year high of $87.51. The firm has a market cap of $4.41 billion, a PE ratio of 23.45, a P/E/G ratio of 5.22 and a beta of 0.19. The business’s 50 day simple moving average is $83.18 and its 200-day simple moving average is $83.35.
Spire (NYSE:SR) last released its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.03). Spire had a return on equity of 7.56% and a net margin of 9.74%. The business had revenue of $321.30 million during the quarter, compared to the consensus estimate of $333.14 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. Equities research analysts expect that Spire Inc will post 3.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be given a $0.592 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $2.37 annualized dividend and a yield of 2.72%. Spire’s payout ratio is presently 63.71%.
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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