Elevation Point Wealth Partners LLC Buys 1,447 Shares of Spire Inc. $SR

Elevation Point Wealth Partners LLC grew its stake in Spire Inc. (NYSE:SR) by 52.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,201 shares of the utilities provider’s stock after buying an additional 1,447 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Spire were worth $307,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SR. CWM LLC lifted its position in shares of Spire by 19.7% during the 2nd quarter. CWM LLC now owns 19,723 shares of the utilities provider’s stock worth $1,440,000 after purchasing an additional 3,241 shares during the last quarter. AQR Capital Management LLC grew its holdings in Spire by 43.4% in the 1st quarter. AQR Capital Management LLC now owns 234,931 shares of the utilities provider’s stock valued at $18,383,000 after buying an additional 71,094 shares during the last quarter. Atria Investments Inc grew its holdings in Spire by 71.9% in the 2nd quarter. Atria Investments Inc now owns 8,895 shares of the utilities provider’s stock valued at $649,000 after buying an additional 3,721 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Spire by 9.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 974,127 shares of the utilities provider’s stock worth $71,102,000 after buying an additional 80,965 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Spire by 7.7% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 105,569 shares of the utilities provider’s stock worth $8,261,000 after buying an additional 7,543 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

Spire Trading Up 0.5%

Shares of Spire stock opened at $88.62 on Friday. The firm has a market capitalization of $5.23 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.37 and a quick ratio of 0.27. The company’s fifty day moving average price is $85.39 and its two-hundred day moving average price is $78.57. Spire Inc. has a 52-week low of $64.44 and a 52-week high of $91.11.

Spire (NYSE:SR) last issued its earnings results on Friday, November 14th. The utilities provider reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($0.01). The business had revenue of $334.10 million for the quarter, compared to analyst estimates of $439.56 million. Spire had a net margin of 11.56% and a return on equity of 8.66%. Spire’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.54) earnings per share. Spire has set its FY 2027 guidance at 5.650-5.850 EPS. FY 2026 guidance at 5.250-5.450 EPS. On average, analysts expect that Spire Inc. will post 4.5 EPS for the current year.

Spire Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Thursday, December 11th will be paid a $0.825 dividend. The ex-dividend date is Thursday, December 11th. This represents a $3.30 annualized dividend and a dividend yield of 3.7%. This is an increase from Spire’s previous quarterly dividend of $0.79. Spire’s dividend payout ratio is currently 75.00%.

Wall Street Analysts Forecast Growth

SR has been the topic of several research analyst reports. UBS Group raised their price objective on shares of Spire from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. BTIG Research raised shares of Spire to a “strong-buy” rating in a report on Wednesday, October 22nd. Morgan Stanley set a $97.00 price target on shares of Spire in a research report on Thursday, November 20th. Bank of America upgraded shares of Spire from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $76.00 to $89.00 in a report on Wednesday, October 29th. Finally, Jefferies Financial Group upgraded shares of Spire to a “strong-buy” rating in a research note on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $86.83.

About Spire

Spire Inc, together with 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 three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.