Spire Inc. $SR Shares Purchased by Greenland Capital Management LP

Greenland Capital Management LP grew its stake in Spire Inc. (NYSE:SR) by 49.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,500 shares of the utilities provider’s stock after buying an additional 12,060 shares during the period. Greenland Capital Management LP owned 0.06% of Spire worth $2,664,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nuveen LLC acquired a new position in shares of Spire in the 1st quarter valued at $73,254,000. Adage Capital Partners GP L.L.C. purchased a new stake in Spire during the 1st quarter valued at about $30,322,000. Allianz Asset Management GmbH increased its holdings in shares of Spire by 4,909.4% in the second quarter. Allianz Asset Management GmbH now owns 280,025 shares of the utilities provider’s stock valued at $20,439,000 after purchasing an additional 274,435 shares during the period. Millennium Management LLC raised its stake in shares of Spire by 110.4% in the first quarter. Millennium Management LLC now owns 522,323 shares of the utilities provider’s stock worth $40,872,000 after purchasing an additional 274,124 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. raised its stake in shares of Spire by 32.8% in the second quarter. Duff & Phelps Investment Management Co. now owns 1,030,625 shares of the utilities provider’s stock worth $75,225,000 after purchasing an additional 254,285 shares during the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

Spire Stock Performance

Shares of NYSE SR opened at $86.19 on Wednesday. The company has a market capitalization of $5.09 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.27 and a current ratio of 0.37. The company’s fifty day moving average price is $83.65 and its 200 day moving average price is $77.90. Spire Inc. has a 1 year low of $64.44 and a 1 year high of $91.11.

Spire (NYSE:SR) last released its quarterly earnings data on Friday, November 14th. The utilities provider reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.01). Spire had a net margin of 11.56% and a return on equity of 8.66%. The firm had revenue of $334.10 million during the quarter, compared to analysts’ expectations of $439.56 million. During the same period in the previous year, the firm posted ($0.54) EPS. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. Spire has set its FY 2027 guidance at 5.650-5.850 EPS. FY 2026 guidance at 5.250-5.450 EPS. On average, research analysts predict that Spire Inc. will post 4.5 earnings per share for the current year.

Spire Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Thursday, December 11th will be given a dividend of $0.825 per share. The ex-dividend date is Thursday, December 11th. This is a positive change from Spire’s previous quarterly dividend of $0.79. This represents a $3.30 annualized dividend and a dividend yield of 3.8%. Spire’s dividend payout ratio (DPR) is presently 75.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SR shares. Morgan Stanley increased their price target on shares of Spire from $91.00 to $99.00 and gave the stock an “equal weight” rating in a report on Tuesday. Bank of America raised shares of Spire from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $76.00 to $89.00 in a report on Wednesday, October 29th. 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, October 13th. Mizuho boosted their target price on shares of Spire from $83.00 to $93.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Finally, BTIG Research raised Spire to a “strong-buy” rating in a research report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.75.

Spire Company Profile

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.