First Allied Advisory Services Inc. decreased its position in Spire Inc. (NYSE:SR) by 58.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,841 shares of the utilities provider’s stock after selling 3,989 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Spire were worth $200,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Spire by 3.3% in the second quarter. BlackRock Inc. now owns 5,901,195 shares of the utilities provider’s stock worth $411,607,000 after acquiring an additional 188,507 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Spire by 5.3% in the second quarter. Vanguard Group Inc. now owns 4,443,903 shares of the utilities provider’s stock worth $309,962,000 after acquiring an additional 224,903 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Spire by 124.9% in the second quarter. American Century Companies Inc. now owns 3,475,470 shares of the utilities provider’s stock worth $242,414,000 after acquiring an additional 1,930,140 shares during the last quarter. State Street Corp grew its stake in shares of Spire by 7.0% in the first quarter. State Street Corp now owns 1,168,925 shares of the utilities provider’s stock worth $78,909,000 after acquiring an additional 76,134 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Spire by 13.2% in the second quarter. Northern Trust Corp now owns 1,051,175 shares of the utilities provider’s stock worth $73,319,000 after acquiring an additional 122,444 shares during the last quarter. Institutional investors and hedge funds own 79.06% of the company’s stock.

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Spire (NYSE:SR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $293.99 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The company’s revenue was up 29.8% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders 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 dividend on an annualized basis and a yield of 2.75%. Spire’s dividend payout ratio is currently 60.17%.

A number of research firms have recently commented on SR. J P Morgan Chase & Co increased their target price on Spire from $71.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $73.00 price objective on shares of Spire in a research report on Wednesday, August 9th. Zacks Investment Research raised Spire from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research report on Wednesday, October 4th. Morgan Stanley increased their price objective on Spire from $68.00 to $73.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $71.00 price objective on shares of Spire in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $73.57.

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.

Institutional Ownership by Quarter for Spire (NYSE:SR)

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