Stevens Capital Management LP Invests $424,000 in Spire Inc (SR)

Stevens Capital Management LP acquired a new stake in Spire Inc (NYSE:SR) during the 1st quarter, HoldingsChannel reports. The fund acquired 5,147 shares of the utilities provider’s stock, valued at approximately $424,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Spire in the fourth quarter valued at about $30,284,000. BlackRock Inc. grew its stake in shares of Spire by 3.6% in the fourth quarter. BlackRock Inc. now owns 7,593,934 shares of the utilities provider’s stock valued at $562,557,000 after acquiring an additional 261,819 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Spire by 71.6% in the fourth quarter. Bessemer Group Inc. now owns 430,533 shares of the utilities provider’s stock valued at $31,894,000 after acquiring an additional 179,684 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Spire in the first quarter valued at about $13,674,000. Finally, Macquarie Group Ltd. grew its stake in shares of Spire by 15.8% in the fourth quarter. Macquarie Group Ltd. now owns 1,208,210 shares of the utilities provider’s stock valued at $89,504,000 after acquiring an additional 164,422 shares in the last quarter. 82.30% of the stock is currently owned by institutional investors.

Several research firms recently commented on SR. Morgan Stanley set a $80.00 price target on shares of Spire and gave the company a “sell” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Spire from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Wells Fargo & Co upped their price target on shares of Spire from $85.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Finally, Credit Suisse Group set a $75.00 price target on shares of Spire and gave the company a “sell” rating in a research note on Monday, April 22nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $80.71.

Shares of Spire stock opened at $86.11 on Friday. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 6.09 and a beta of 0.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.50 and a current ratio of 0.59. Spire Inc has a 12-month low of $64.95 and a 12-month high of $87.13.

Spire (NYSE:SR) last announced its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.27. The firm had revenue of $803.50 million for the quarter, compared to the consensus estimate of $795.74 million. Spire had a net margin of 11.12% and a return on equity of 8.05%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.83 earnings per share. On average, analysts predict that Spire Inc will post 3.74 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 11th will be paid a dividend of $0.5925 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $2.37 dividend on an annualized basis and a yield of 2.75%. Spire’s payout ratio is 63.71%.

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Spire Company 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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