Shares of Spire Inc (NYSE:SR) have earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $70.86.
SR has been the topic of several research reports. Zacks Investment Research cut shares of Spire from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Credit Suisse Group upgraded shares of Spire from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $68.25 to $68.00 in a research report on Monday, February 26th. Morgan Stanley boosted their price objective on shares of Spire from $75.00 to $77.00 and gave the company an “underweight” rating in a research report on Wednesday, December 13th. Stifel Nicolaus reiterated a “hold” rating and set a $65.00 price objective on shares of Spire in a research report on Friday, February 2nd. Finally, Hilliard Lyons upgraded shares of Spire to a “buy” rating in a research report on Friday, February 2nd.
SR traded down $0.50 during trading hours on Thursday, hitting $72.35. The company’s stock had a trading volume of 160,841 shares, compared to its average volume of 310,301. Spire has a 12 month low of $60.08 and a 12 month high of $82.85. The stock has a market capitalization of $3,560.54, a PE ratio of 20.51, a P/E/G ratio of 4.88 and a beta of 0.06. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.53 and a current ratio of 0.70.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 3rd. Shareholders of record on Monday, March 12th were given a dividend of $0.563 per share. This is a boost from Spire’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, March 9th. This represents a $2.25 dividend on an annualized basis and a yield of 3.11%. Spire’s payout ratio is 63.20%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Green Square Capital LLC grew its holdings in shares of Spire by 155.5% in the fourth quarter. Green Square Capital LLC now owns 10,995 shares of the utilities provider’s stock worth $832,000 after purchasing an additional 6,692 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Spire by 42.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 4,841 shares of the utilities provider’s stock worth $364,000 after purchasing an additional 1,433 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Spire in the fourth quarter worth about $1,622,000. Metropolitan Life Insurance Co. NY bought a new position in shares of Spire in the fourth quarter worth about $1,100,000. Finally, Macquarie Group Ltd. grew its holdings in shares of Spire by 9.5% in the fourth quarter. Macquarie Group Ltd. now owns 728,873 shares of the utilities provider’s stock worth $56,894,000 after purchasing an additional 63,030 shares during the last quarter. Hedge funds and other institutional investors own 82.87% of the company’s stock.
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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 customers in the United States. It operates through two segments, Gas Utility and Gas Marketing. The company is also involved in marketing natural gas and provides energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.
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