Teachers Advisors LLC Boosts Stake in Spire Inc. (SR)

Teachers Advisors LLC lifted its position in shares of Spire Inc. (NYSE:SR) by 5.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,722 shares of the utilities provider’s stock after buying an additional 4,487 shares during the quarter. Teachers Advisors LLC owned about 0.18% of Spire worth $6,049,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SR. LS Investment Advisors LLC lifted its holdings in shares of Spire by 13.0% during the second quarter. LS Investment Advisors LLC now owns 1,793 shares of the utilities provider’s stock worth $125,000 after buying an additional 206 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Spire by 8.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,825 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 144 shares during the period. World Asset Management Inc bought a new position in shares of Spire in the second quarter worth $222,000. Creative Planning increased its position in shares of Spire by 6.1% in the second quarter. Creative Planning now owns 3,826 shares of the utilities provider’s stock worth $267,000 after purchasing an additional 220 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Spire by 19.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,009 shares of the utilities provider’s stock worth $271,000 after purchasing an additional 654 shares during the period. 79.06% of the stock is owned by institutional investors.

Spire Inc. (SR) opened at 75.20 on Monday. Spire Inc. has a 12 month low of $59.54 and a 12 month high of $78.00. The company has a market cap of $3.63 billion, a PE ratio of 21.73 and a beta of 0.32. The company has a 50 day moving average price of $75.91 and a 200-day moving average price of $71.82.

Spire (NYSE:SR) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The business had revenue of $323.50 million for the quarter, compared to analysts’ expectations of $293.99 million. Spire had a return on equity of 8.77% and a net margin of 9.12%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS. Equities analysts predict that Spire Inc. will post $3.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Monday, September 11th were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $2.10 annualized dividend and a dividend yield of 2.79%. Spire’s payout ratio is currently 60.17%.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded Spire from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Wednesday, October 4th. Morgan Stanley raised their price target on Spire from $73.00 to $75.00 and gave the stock an “underweight” rating in a research report on Friday, September 8th. Royal Bank Of Canada restated a “hold” rating and issued a $73.00 price target on shares of Spire in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $71.00 price target on shares of Spire in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $73.33.

COPYRIGHT VIOLATION WARNING: “Teachers Advisors LLC Boosts Stake in Spire Inc. (SR)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you

Several other institutional investors and hedge funds have also recently bought and sold shares of SR. LS Investment Advisors LLC lifted its holdings in shares of Spire by 13.0% during the second quarter. LS Investment Advisors LLC now owns 1,793 shares of the utilities provider’s stock worth $125,000 after buying an additional 206 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Spire by 8.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,825 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 144 shares during the period. World Asset Management Inc bought a new position in shares of Spire in the second quarter worth $222,000. Creative Planning increased its position in shares of Spire by 6.1% in the second quarter. Creative Planning now owns 3,826 shares of the utilities provider’s stock worth $267,000 after purchasing an additional 220 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Spire by 19.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,009 shares of the utilities provider’s stock worth $271,000 after purchasing an additional 654 shares during the period. 79.06% of the stock is owned by institutional investors.

Spire Inc. (SR) opened at 75.20 on Monday. Spire Inc. has a 12 month low of $59.54 and a 12 month high of $78.00. The company has a market cap of $3.63 billion, a PE ratio of 21.73 and a beta of 0.32. The company has a 50 day moving average price of $75.91 and a 200-day moving average price of $71.82.

Spire (NYSE:SR) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The business had revenue of $323.50 million for the quarter, compared to analysts’ expectations of $293.99 million. Spire had a return on equity of 8.77% and a net margin of 9.12%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS. Equities analysts predict that Spire Inc. will post $3.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Monday, September 11th were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $2.10 annualized dividend and a dividend yield of 2.79%. Spire’s payout ratio is currently 60.17%.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded Spire from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Wednesday, October 4th. Morgan Stanley raised their price target on Spire from $73.00 to $75.00 and gave the stock an “underweight” rating in a research report on Friday, September 8th. Royal Bank Of Canada restated a “hold” rating and issued a $73.00 price target on shares of Spire in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $71.00 price target on shares of Spire in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $73.33.

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Spire Company Profile

Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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