Icon Advisers Inc. Co. Has $3.84 Million Holdings in Spire Inc. $SR

Icon Advisers Inc. Co. cut its holdings in shares of Spire Inc. (NYSE:SR) by 15.9% during the 3rd quarter, Holdings Channel reports. The firm owned 47,100 shares of the utilities provider’s stock after selling 8,900 shares during the period. Icon Advisers Inc. Co.’s holdings in Spire were worth $3,840,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in Spire by 186.8% during the third quarter. Smartleaf Asset Management LLC now owns 370 shares of the utilities provider’s stock worth $30,000 after buying an additional 241 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Spire by 1,957.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 432 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 411 shares in the last quarter. Financial Consulate Inc. acquired a new position in Spire in the 3rd quarter valued at $36,000. Headlands Technologies LLC bought a new stake in shares of Spire during the 2nd quarter valued at $38,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Spire during the 3rd quarter valued at $40,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SR. Morgan Stanley restated an “overweight” rating and issued a $100.00 price target on shares of Spire in a research report on Friday, February 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $99.00 price objective on shares of Spire in a research report on Wednesday, January 21st. Weiss Ratings upgraded shares of Spire from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. UBS Group raised their target price on shares of Spire from $95.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Finally, Stifel Nicolaus boosted their target price on shares of Spire from $81.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Spire currently has an average rating of “Moderate Buy” and a consensus target price of $90.70.

Spire Trading Up 0.7%

Shares of SR stock opened at $91.69 on Friday. Spire Inc. has a fifty-two week low of $69.94 and a fifty-two week high of $92.95. The stock’s fifty day moving average price is $86.25 and its two-hundred day moving average price is $83.85. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.45 and a current ratio of 0.61. The company has a market cap of $5.42 billion, a PE ratio of 19.93, a P/E/G ratio of 1.48 and a beta of 0.64.

Spire (NYSE:SR) last posted its quarterly earnings results on Tuesday, February 3rd. The utilities provider reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.15. Spire had a return on equity of 9.43% and a net margin of 10.95%.The company had revenue of $762.20 million during the quarter, compared to analysts’ expectations of $785.54 million. During the same quarter in the previous year, the firm earned $1.34 EPS. Spire’s revenue was up 13.9% on a year-over-year basis. Spire has set its FY 2027 guidance at 5.650-5.850 EPS and its FY 2026 guidance at 5.250-5.450 EPS. Equities analysts predict that Spire Inc. will post 4.5 EPS for the current fiscal year.

Spire Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.30 annualized dividend and a yield of 3.6%. Spire’s payout ratio is presently 71.74%.

Spire Profile

Spire Inc (NYSE: SR), formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire’s service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.

Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.