Barclays PLC lessened its holdings in shares of Spire Inc (NYSE:SR) by 27.4% in the third quarter, HoldingsChannel.com reports. The fund owned 28,312 shares of the utilities provider’s stock after selling 10,689 shares during the period. Barclays PLC’s holdings in Spire were worth $2,470,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Knuff & Co LLC bought a new position in shares of Spire in the third quarter worth approximately $27,000. Nomura Asset Management Co. Ltd. purchased a new position in Spire in the 2nd quarter worth approximately $39,000. Point72 Asset Management L.P. purchased a new position in Spire in the 2nd quarter worth approximately $50,000. Krane Funds Advisors LLC bought a new position in shares of Spire in the 2nd quarter worth $58,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Spire in the 2nd quarter worth $70,000. Hedge funds and other institutional investors own 81.12% of the company’s stock.
In other Spire news, EVP Steven P. Rasche bought 1,108 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $27.20 per share, for a total transaction of $30,137.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.90% of the stock is currently owned by company insiders.
Spire (NYSE:SR) last posted its quarterly earnings results on Monday, November 25th. The utilities provider reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.52) by ($0.02). The business had revenue of $225.60 million for the quarter, compared to analysts’ expectations of $243.88 million. Spire had a return on equity of 7.64% and a net margin of 9.37%. As a group, sell-side analysts anticipate that Spire Inc will post 3.75 EPS for the current year.
The firm also recently disclosed a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, December 11th will be paid a $0.6225 dividend. The ex-dividend date is Tuesday, December 10th. Spire’s dividend payout ratio (DPR) is 63.54%.
SR has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Spire from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd. Credit Suisse Group reiterated a “sell” rating and issued a $75.00 target price on shares of Spire in a research report on Monday. ValuEngine cut Spire from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, Wells Fargo & Co raised their price target on Spire from $89.00 to $90.00 and gave the company a “market perform” rating in a research report on Friday, September 6th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $84.25.
Spire Inc, through 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 two segments, Gas Utility and Gas Marketing. It is also involved in marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.
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