42,002 Shares in Spire Inc. $SR Bought by Csenge Advisory Group

Csenge Advisory Group purchased a new stake in shares of Spire Inc. (NYSE:SR) during the second quarter, Holdings Channel.com reports. The firm purchased 42,002 shares of the utilities provider’s stock, valued at approximately $3,280,000.

Several other hedge funds have also made changes to their positions in SR. Los Angeles Capital Management LLC purchased a new stake in Spire in the 4th quarter worth about $25,000. MV Capital Management Inc. acquired a new stake in Spire during the 4th quarter worth about $33,000. SHP Wealth Management purchased a new position in Spire during the 4th quarter valued at about $35,000. Headlands Technologies LLC purchased a new position in Spire during the 2nd quarter valued at about $38,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Spire in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SR. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $85.00 price objective (up from $84.00) on shares of Spire in a report on Friday, June 26th. BTIG Research set a $101.00 target price on Spire in a research report on Thursday, July 23rd. UBS Group cut their price target on Spire from $106.00 to $103.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Morgan Stanley reiterated an “overweight” rating on shares of Spire in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company initiated coverage on Spire in a research note on Monday, May 11th. They issued an “overweight” rating and a $96.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.50.

Spire Stock Up 0.5%

Shares of SR stock opened at $83.54 on Thursday. Spire Inc. has a one year low of $73.91 and a one year high of $95.31. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.37 and a quick ratio of 0.27. The stock has a fifty day moving average price of $80.45 and a 200 day moving average price of $85.87. The stock has a market cap of $4.94 billion, a P/E ratio of 9.31, a price-to-earnings-growth ratio of 1.85 and a beta of 0.52.

Spire (NYSE:SR) last issued its earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.06. The company had revenue of $420.20 million for the quarter, compared to the consensus estimate of $394.62 million. Spire had a net margin of 21.48% and a return on equity of 8.65%. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 EPS. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. Analysts predict that Spire Inc. will post 4.01 earnings per share for the current year.

Spire Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 11th. Spire’s payout ratio is currently 36.79%.

Insider Transactions at Spire

In related news, SVP Ryan L. Hyman sold 3,822 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $80.51, for a total transaction of $307,709.22. Following the sale, the senior vice president owned 14,295 shares of the company’s stock, valued at approximately $1,150,890.45. This trade represents a 21.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul D. Koonce bought 500 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $78.46 per share, for a total transaction of $39,230.00. Following the completion of the acquisition, the director directly owned 8,000 shares in the company, valued at approximately $627,680. This trade represents a 6.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.26% of the company’s stock.

About Spire

Spire Inc (NYSE: SR), formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire’s service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.

Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.