Crossmark Global Holdings Inc. lowered its holdings in Spire Inc (NYSE:SR) by 41.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,926 shares of the utilities provider’s stock after selling 3,440 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Spire were worth $365,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Honkamp Krueger Financial Services Inc. bought a new position in shares of Spire during the 3rd quarter worth approximately $125,000. Jones Financial Companies Lllp bought a new position in shares of Spire during the 3rd quarter worth approximately $231,000. Vident Investment Advisory LLC bought a new position in shares of Spire during the 3rd quarter worth approximately $231,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Spire by 11.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,377 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 344 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Spire during the 3rd quarter valued at approximately $270,000. Institutional investors and hedge funds own 85.29% of the company’s stock.
A number of research analysts have issued reports on the stock. ValuEngine lowered shares of Spire from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Morgan Stanley cut their price target on shares of Spire from $77.00 to $73.00 and set a “sell” rating on the stock in a research note on Monday, October 29th. Credit Suisse Group restated a “hold” rating and set a $72.00 price target on shares of Spire in a research note on Thursday, February 7th. Guggenheim lowered shares of Spire from a “buy” rating to a “neutral” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Spire from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Tuesday, January 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $75.75.
Spire (NYSE:SR) last issued its quarterly earnings results on Wednesday, February 6th. The utilities provider reported $1.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.04). The company had revenue of $602.00 million for the quarter, compared to analyst estimates of $602.54 million. Spire had a net margin of 8.25% and a return on equity of 8.52%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS. Research analysts forecast that Spire Inc will post 3.74 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Monday, March 11th will be issued a $0.5925 dividend. This represents a $2.37 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Friday, March 8th. Spire’s dividend payout ratio (DPR) is currently 63.71%.
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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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