Spire Inc. (SR) Position Decreased by Cramer Rosenthal Mcglynn LLC
Cramer Rosenthal Mcglynn LLC cut its holdings in shares of Spire Inc. (NYSE:SR) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,799 shares of the utilities provider’s stock after selling 11,083 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 0.44% of Spire worth $14,703,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of Spire by 3.3% during the 2nd quarter. BlackRock Inc. now owns 5,901,195 shares of the utilities provider’s stock worth $411,607,000 after acquiring an additional 188,507 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Spire by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 4,443,903 shares of the utilities provider’s stock worth $309,962,000 after acquiring an additional 224,903 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Spire by 124.9% during the 2nd quarter. American Century Companies Inc. now owns 3,475,470 shares of the utilities provider’s stock worth $242,414,000 after acquiring an additional 1,930,140 shares during the last quarter. State Street Corp increased its holdings in shares of Spire by 7.0% during the 1st quarter. State Street Corp now owns 1,168,925 shares of the utilities provider’s stock worth $78,909,000 after acquiring an additional 76,134 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Spire by 13.2% during the 2nd quarter. Northern Trust Corp now owns 1,051,175 shares of the utilities provider’s stock worth $73,319,000 after acquiring an additional 122,444 shares during the last quarter. 79.06% of the stock is currently owned by institutional investors and hedge funds.
Spire Inc. (NYSE SR) traded up 0.07% during mid-day trading on Thursday, reaching $75.55. The company had a trading volume of 14,309 shares. The stock has a 50-day moving average of $75.94 and a 200 day moving average of $71.72. Spire Inc. has a 12-month low of $59.54 and a 12-month high of $78.00. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 21.83 and a beta of 0.32.
Spire (NYSE:SR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.05. Spire had a return on equity of 8.77% and a net margin of 9.12%. The business had revenue of $323.50 million during the quarter, compared to the consensus estimate of $293.99 million. During the same period last year, the business posted $0.33 earnings per share. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, analysts expect that Spire Inc. will post $3.57 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Monday, September 11th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Friday, September 8th. Spire’s dividend payout ratio is currently 60.17%.
SR has been the topic of a number of recent analyst reports. Morgan Stanley boosted their target price on Spire from $73.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, September 8th. Zacks Investment Research raised Spire from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Wednesday, July 12th. Stifel Nicolaus reissued a “hold” rating and set a $71.00 target price on shares of Spire in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $73.00 target price on shares of Spire in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.33.
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.
Want to see what other hedge funds are holding SR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spire Inc. (NYSE:SR).
Receive News & Ratings for Spire Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spire Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.