Cambridge Investment Research Advisors Inc. grew its holdings in Spire Inc. (NYSE:SR) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,078 shares of the utilities provider’s stock after buying an additional 69 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Spire were worth $284,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Spire by 8.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,825 shares of the utilities provider’s stock valued at $127,000 after buying an additional 144 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Spire by 16.5% in the 2nd quarter. Pacer Advisors Inc. now owns 6,242 shares of the utilities provider’s stock valued at $435,000 after buying an additional 886 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Spire by 3.5% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,709 shares of the utilities provider’s stock valued at $398,000 after buying an additional 193 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Spire by 5.6% in the 2nd quarter. Prudential Financial Inc. now owns 89,245 shares of the utilities provider’s stock valued at $6,225,000 after buying an additional 4,718 shares in the last quarter. Finally, Reilly Herbert Faulkner III raised its stake in shares of Spire by 3.4% in the 2nd quarter. Reilly Herbert Faulkner III now owns 57,710 shares of the utilities provider’s stock valued at $4,025,000 after buying an additional 1,890 shares in the last quarter. Institutional investors own 79.06% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Spire from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Wednesday, July 12th. Royal Bank Of Canada reiterated a “hold” rating and set a $73.00 target price on shares of Spire in a research report on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and set a $71.00 target price on shares of Spire in a research report on Thursday, August 3rd. Finally, Morgan Stanley increased their target price on shares of Spire from $73.00 to $75.00 and gave the stock an “underweight” rating in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Spire has an average rating of “Hold” and an average target price of $72.17.

Shares of Spire Inc. (NYSE:SR) opened at 75.80 on Monday. The firm has a market cap of $3.66 billion, a PE ratio of 21.90 and a beta of 0.33. Spire Inc. has a 12 month low of $59.54 and a 12 month high of $78.00. The company’s 50 day moving average is $75.86 and its 200-day moving average is $70.80.

Spire (NYSE:SR) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.05. Spire had a net margin of 9.12% and a return on equity of 8.77%. The business had revenue of $323.50 million during the quarter, compared to analysts’ expectations of $293.99 million. During the same quarter in the prior year, the business posted $0.33 earnings per share. Spire’s revenue was up 29.8% compared to the same quarter last year. Equities research analysts predict that Spire Inc. will post $3.57 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Monday, September 11th will be given a dividend of $0.525 per share. The ex-dividend date is Friday, September 8th. This represents a $2.10 annualized dividend and a yield of 2.77%. Spire’s dividend payout ratio is 60.17%.

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About Spire

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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