Teachers Advisors LLC Raises Position in Spire Inc (SR)

Teachers Advisors LLC increased its stake in Spire Inc (NYSE:SR) by 9.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,119 shares of the utilities provider’s stock after purchasing an additional 8,899 shares during the quarter. Teachers Advisors LLC owned 0.20% of Spire worth $7,511,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SR. BlackRock Inc. boosted its stake in shares of Spire by 4.2% during the 3rd quarter. BlackRock Inc. now owns 7,332,115 shares of the utilities provider’s stock worth $539,277,000 after acquiring an additional 295,292 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Spire by 22.6% during the 3rd 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 during the period. Dimensional Fund Advisors LP raised its position in shares of Spire by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 930,240 shares of the utilities provider’s stock valued at $68,417,000 after purchasing an additional 3,433 shares during the period. Cornerstone Wealth Management LLC raised its position in shares of Spire by 30.6% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 893,511 shares of the utilities provider’s stock valued at $11,852,000 after purchasing an additional 209,304 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Spire by 3.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 736,470 shares of the utilities provider’s stock valued at $54,167,000 after purchasing an additional 26,597 shares during the period. Institutional investors own 82.18% of the company’s stock.

Shares of NYSE:SR opened at $74.25 on Monday. Spire Inc has a 52 week low of $60.08 and a 52 week high of $81.13. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 4.96 and a beta of 0.16. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.50 and a quick ratio of 0.34.

Spire (NYSE:SR) last released its quarterly earnings results on Thursday, November 15th. The utilities provider reported ($0.52) EPS for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.07. Spire had a net margin of 10.90% and a return on equity of 8.35%. The firm had revenue of $239.20 million during the quarter, compared to analysts’ expectations of $237.31 million. As a group, research analysts expect that Spire Inc will post 3.75 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 3rd. Investors of record on Tuesday, December 11th were paid a dividend of $0.5925 per share. The ex-dividend date of this dividend was Monday, December 10th. This is a boost from Spire’s previous quarterly dividend of $0.56. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.19%. Spire’s payout ratio is currently 63.71%.

A number of analysts have issued reports on SR shares. Guggenheim downgraded shares of Spire from a “buy” rating to a “neutral” rating in a report on Monday, January 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Spire from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Tuesday, January 1st. Credit Suisse Group lifted their price target on shares of Spire from $71.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, November 19th. ValuEngine raised shares of Spire from a “hold” rating to a “buy” rating in a research note on Monday, November 12th. Finally, Morgan Stanley dropped their price objective on shares of Spire from $77.00 to $73.00 and set a “sell” rating for the company in a research note on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $76.00.

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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.

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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