Moors & Cabot Inc. Makes New Investment in Spire Inc. (NYSE:SR)

Moors & Cabot Inc. acquired a new position in shares of Spire Inc. (NYSE:SR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,000 shares of the utilities provider’s stock, valued at approximately $41,000. Moors & Cabot Inc. owned about 0.08% of Spire as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SR. Parkside Financial Bank & Trust acquired a new position in shares of Spire in the 3rd quarter valued at $29,000. Asset Management One Co. Ltd. acquired a new position in shares of Spire in the 3rd quarter valued at $56,000. William Blair Investment Management LLC acquired a new position in shares of Spire in the 2nd quarter valued at $74,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Spire in the 2nd quarter valued at $153,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Spire by 18.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,901 shares of the utilities provider’s stock valued at $210,000 after purchasing an additional 445 shares during the last quarter. 81.44% of the stock is currently owned by institutional investors.

SR has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price target on Spire from $78.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Monday, November 22nd. Morgan Stanley increased their target price on Spire from $61.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 6th. JPMorgan Chase & Co. lowered Spire from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $76.00 to $70.00 in a research note on Tuesday, November 16th. Bank of America lowered Spire from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $63.00 to $58.00 in a research note on Tuesday, November 23rd. Finally, Mizuho lowered Spire from a “buy” rating to a “neutral” rating and set a $68.00 target price on the stock. in a research note on Wednesday, January 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $72.33.

Shares of NYSE SR opened at $66.73 on Friday. The stock’s 50-day moving average is $63.49 and its two-hundred day moving average is $66.32. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.82 and a quick ratio of 0.63. Spire Inc. has a 1-year low of $59.29 and a 1-year high of $77.95. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 3.12 and a beta of 0.33.

Spire (NYSE:SR) last issued its quarterly earnings results on Monday, November 22nd. The utilities provider reported ($0.32) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.69) by $0.37. Spire had a return on equity of 10.81% and a net margin of 11.98%. The company had revenue of $290.20 million for the quarter, compared to the consensus estimate of $254.89 million. During the same quarter in the prior year, the business earned ($0.37) EPS. Spire’s revenue was up 15.2% on a year-over-year basis. Equities research analysts anticipate that Spire Inc. will post 3.92 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 4th. Stockholders of record on Friday, December 10th were issued a $0.685 dividend. The ex-dividend date was Thursday, December 9th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 4.11%. This is an increase from Spire’s previous quarterly dividend of $0.65. Spire’s dividend payout ratio is presently 55.13%.

Spire Company Profile

Spire Inc operates as a public utility holding company, which provides natural gas service through its utility operations while engaging in non-regulated activities. It operates through the following business segments: Gas Utility and Gas Marketing. The Gas Utility segment includes the regulated operations of Laclede Gas Company and Alabama Gas Corporation.

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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