Spire Inc. (NYSE:SR) EVP Buys $107,235.00 in Stock

Spire Inc. (NYSE:SRGet Free Report) EVP Steven P. Rasche bought 4,500 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were acquired at an average cost of $23.83 per share, for a total transaction of $107,235.00. Following the purchase, the executive vice president now directly owns 16,500 shares in the company, valued at $393,195. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Spire Stock Performance

SR opened at $58.47 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.61 and a debt-to-equity ratio of 1.09. The firm has a market cap of $3.38 billion, a PE ratio of 14.77, a P/E/G ratio of 2.71 and a beta of 0.51. The business has a fifty day simple moving average of $60.63 and a 200-day simple moving average of $60.65. Spire Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $66.48.

Spire (NYSE:SRGet Free Report) last announced its earnings results on Wednesday, May 1st. The utilities provider reported $3.45 EPS for the quarter, missing the consensus estimate of $3.86 by ($0.41). The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Spire had a net margin of 9.05% and a return on equity of 7.88%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the company earned $3.70 earnings per share. As a group, equities analysts predict that Spire Inc. will post 4.32 EPS for the current fiscal year.

Spire Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 11th will be given a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 5.17%. The ex-dividend date of this dividend is Tuesday, June 11th. Spire’s dividend payout ratio (DPR) is currently 76.26%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com raised Spire from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. UBS Group began coverage on shares of Spire in a research report on Friday, April 12th. They set a “buy” rating and a $68.00 price target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $65.00 price objective on shares of Spire in a report on Tuesday, April 16th. Mizuho downgraded Spire from a “buy” rating to a “neutral” rating and cut their target price for the stock from $64.00 to $62.00 in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company lifted their price target on Spire from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.17.

View Our Latest Analysis on SR

Institutional Investors Weigh In On Spire

Large investors have recently made changes to their positions in the company. Securian Asset Management Inc. lifted its stake in Spire by 3.8% in the 1st quarter. Securian Asset Management Inc. now owns 4,521 shares of the utilities provider’s stock worth $277,000 after acquiring an additional 166 shares in the last quarter. Congress Asset Management Co. MA lifted its position in shares of Spire by 0.3% in the fourth quarter. Congress Asset Management Co. MA now owns 64,144 shares of the utilities provider’s stock worth $3,999,000 after purchasing an additional 167 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Spire by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 65,882 shares of the utilities provider’s stock worth $4,107,000 after purchasing an additional 201 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Spire by 1.0% during the fourth quarter. New York State Common Retirement Fund now owns 21,048 shares of the utilities provider’s stock worth $1,312,000 after purchasing an additional 205 shares during the period. Finally, Signaturefd LLC grew its position in Spire by 34.4% during the fourth quarter. Signaturefd LLC now owns 887 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 227 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

About Spire

(Get 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.

Featured Stories

Insider Buying and Selling by Quarter for Spire (NYSE:SR)

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