Inspire Investing LLC Purchases 836 Shares of Spire Inc. $SR

Inspire Investing LLC lifted its position in shares of Spire Inc. (NYSE:SR) by 18.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,440 shares of the utilities provider’s stock after acquiring an additional 836 shares during the period. Inspire Investing LLC’s holdings in Spire were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Spire during the first quarter valued at approximately $50,000. Bayforest Capital Ltd increased its position in shares of Spire by 2,648.0% during the first quarter. Bayforest Capital Ltd now owns 687 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 662 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Spire by 66.0% during the first quarter. GAMMA Investing LLC now owns 727 shares of the utilities provider’s stock valued at $57,000 after acquiring an additional 289 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Spire by 75.2% in the second quarter. Parallel Advisors LLC now owns 785 shares of the utilities provider’s stock worth $57,000 after purchasing an additional 337 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in Spire by 103.8% in the first quarter. Golden State Wealth Management LLC now owns 803 shares of the utilities provider’s stock worth $63,000 after purchasing an additional 409 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

Spire Stock Up 0.6%

Shares of SR stock opened at $82.81 on Tuesday. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 2.39 and a beta of 0.69. Spire Inc. has a one year low of $61.56 and a one year high of $83.95. The company’s fifty day moving average price is $77.68 and its 200-day moving average price is $75.90. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.37 and a quick ratio of 0.27.

Spire (NYSE:SR) last announced its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.10. The company had revenue of $421.90 million for the quarter, compared to the consensus estimate of $417.27 million. Spire had a net margin of 11.56% and a return on equity of 8.66%. Spire’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.14) EPS. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. Sell-side analysts expect that Spire Inc. will post 4.5 EPS for the current fiscal year.

Spire Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.785 dividend. The ex-dividend date was Thursday, September 11th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.8%. Spire’s payout ratio is 67.82%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SR shares. Weiss Ratings restated a “buy (b-)” rating on shares of Spire in a report on Wednesday, October 8th. UBS Group raised their target price on shares of Spire from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Monday. Jefferies Financial Group upgraded shares of Spire to a “strong-buy” rating in a report on Tuesday, October 7th. Stifel Nicolaus set a $81.00 target price on shares of Spire and gave the stock a “hold” rating in a report on Tuesday, July 15th. Finally, Morgan Stanley dropped their target price on shares of Spire from $81.00 to $76.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $81.36.

About Spire

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.