TIAA CREF Investment Management LLC grew its position in shares of Spire Inc. (NYSE:SR) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 147,504 shares of the utilities provider’s stock after buying an additional 10,255 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.31% of Spire worth $10,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in Spire by 11,569.5% in the 1st quarter. BlackRock Inc. now owns 5,712,688 shares of the utilities provider’s stock worth $385,606,000 after purchasing an additional 5,663,734 shares during the last quarter. American Century Companies Inc. lifted its holdings in Spire by 124.9% in the 2nd quarter. American Century Companies Inc. now owns 3,475,470 shares of the utilities provider’s stock worth $242,414,000 after purchasing an additional 1,930,140 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Spire by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 4,219,000 shares of the utilities provider’s stock worth $284,783,000 after purchasing an additional 216,388 shares during the last quarter. Denver Investment Advisors LLC lifted its holdings in Spire by 74.6% in the 2nd quarter. Denver Investment Advisors LLC now owns 465,442 shares of the utilities provider’s stock worth $32,464,000 after purchasing an additional 198,882 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Spire by 864.2% in the 2nd quarter. Sei Investments Co. now owns 189,202 shares of the utilities provider’s stock worth $13,197,000 after purchasing an additional 169,579 shares during the last quarter. Institutional investors and hedge funds own 79.06% of the company’s stock.

Shares of Spire Inc. (NYSE SR) opened at 75.60 on Friday. The company has a 50-day moving average price of $75.92 and a 200 day moving average price of $71.75. Spire Inc. has a 12-month low of $59.54 and a 12-month high of $78.00. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 21.84 and a beta of 0.32.

Spire (NYSE:SR) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.44 EPS for the quarter, beating the 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 firm had revenue of $323.50 million during the quarter, compared to analysts’ expectations of $293.99 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. Equities research analysts expect that Spire Inc. will post $3.57 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Monday, September 11th were given a dividend of $0.525 per share. The ex-dividend date was Friday, September 8th. This represents a $2.10 annualized dividend and a yield of 2.78%. Spire’s dividend payout ratio (DPR) is presently 60.17%.

Several equities research analysts recently weighed in on SR shares. Zacks Investment Research upgraded Spire from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Wednesday, July 12th. Stifel Nicolaus restated a “hold” rating and issued a $71.00 target price on shares of Spire in a report on Thursday, August 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $73.00 target price on shares of Spire in a report on Wednesday, August 9th. Finally, Morgan Stanley boosted their target price on Spire from $68.00 to $73.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Spire presently has an average 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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