Bank of Montreal Can increased its holdings in Spire Inc (NYSE:SR) by 4.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,148 shares of the utilities provider’s stock after acquiring an additional 936 shares during the quarter. Bank of Montreal Can’s holdings in Spire were worth $1,566,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SR. BlackRock Inc. raised its position in shares of Spire by 4.2% in the third quarter. BlackRock Inc. now owns 7,332,115 shares of the utilities provider’s stock worth $539,277,000 after buying an additional 295,292 shares in the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Spire by 30.6% in the third quarter. Cornerstone Wealth Management LLC now owns 893,511 shares of the utilities provider’s stock worth $11,852,000 after buying an additional 209,304 shares in the last quarter. Macquarie Group Ltd. raised its position in Spire by 22.6% during the third quarter. Macquarie Group Ltd. now owns 1,043,788 shares of the utilities provider’s stock valued at $76,771,000 after purchasing an additional 192,450 shares in the last quarter. Vanguard Group Inc raised its position in Spire by 2.4% during the third quarter. Vanguard Group Inc now owns 5,130,613 shares of the utilities provider’s stock valued at $377,356,000 after purchasing an additional 119,269 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Spire by 2.4% during the third quarter. Vanguard Group Inc. now owns 5,130,613 shares of the utilities provider’s stock valued at $377,356,000 after purchasing an additional 119,269 shares in the last quarter. Institutional investors own 85.29% of the company’s stock.

A number of equities research analysts have weighed in on SR shares. ValuEngine upgraded Spire from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Morgan Stanley lowered their price target on Spire from $77.00 to $73.00 and set a “sell” rating on the stock in a research report on Monday, October 29th. Credit Suisse Group raised their price target on Spire from $71.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, November 19th. Zacks Investment Research upgraded Spire from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Tuesday, January 1st. Finally, Guggenheim downgraded Spire from a “buy” rating to a “neutral” rating in a research report on Monday, January 7th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Spire presently has a consensus rating of “Hold” and an average price target of $75.75.

Shares of NYSE:SR opened at $76.66 on Thursday. Spire Inc has a 12-month low of $63.91 and a 12-month high of $81.13. The stock has a market cap of $3.99 billion, a PE ratio of 20.61, a P/E/G ratio of 5.22 and a beta of 0.22. The company has a current ratio of 0.58, a quick ratio of 0.44 and a debt-to-equity ratio of 0.87.

Spire (NYSE:SR) last announced its quarterly earnings data on Wednesday, February 6th. The utilities provider reported $1.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.04). Spire had a net margin of 8.25% and a return on equity of 8.52%. The company had revenue of $602.00 million for the quarter, compared to the consensus estimate of $602.54 million. During the same period last year, the business posted $1.19 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, analysts anticipate that Spire Inc will post 3.74 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Monday, March 11th will be paid a dividend of $0.5925 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.09%. Spire’s dividend payout ratio (DPR) is currently 63.71%.

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Spire Profile

Spire Inc, through 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 two segments, Gas Utility and Gas Marketing. It is also involved in marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.

Further Reading: What is a Derivative?

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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