38,220 Shares in Spire Inc. $SR Acquired by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC bought a new position in Spire Inc. (NYSE:SR) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 38,220 shares of the utilities provider’s stock, valued at approximately $2,985,000. BTG Pactual Asset Management US LLC owned 0.06% of Spire at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Los Angeles Capital Management LLC purchased a new stake in Spire during the fourth quarter valued at $25,000. MV Capital Management Inc. purchased a new position in Spire in the fourth quarter worth about $33,000. SHP Wealth Management bought a new stake in shares of Spire during the 4th quarter valued at about $35,000. Headlands Technologies LLC purchased a new stake in shares of Spire during the 2nd quarter valued at about $38,000. Finally, International Assets Investment Management LLC bought a new position in shares of Spire in the 4th quarter worth approximately $43,000. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SR shares. BTIG Research set a $101.00 target price on shares of Spire in a research report on Thursday, July 23rd. Wolfe Research assumed coverage on shares of Spire in a research note on Tuesday, May 26th. They set a “peer perform” rating on the stock. Wells Fargo & Company assumed coverage on shares of Spire in a research report on Monday, May 11th. They set an “overweight” rating and a $96.00 price objective for the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $85.00 price objective (up from $84.00) on shares of Spire in a research note on Friday, June 26th. Finally, Morgan Stanley decreased their target price on Spire from $96.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.00.

Insider Buying and Selling at Spire

In other Spire news, SVP Ryan L. Hyman sold 3,822 shares of the firm’s stock in a transaction dated 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 directly owned 14,295 shares of the company’s stock, valued at $1,150,890.45. This trade represents a 21.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul D. Koonce purchased 500 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average cost of $78.46 per share, for a total transaction of $39,230.00. Following the completion of the acquisition, the director owned 8,000 shares of the company’s stock, valued at approximately $627,680. This trade represents a 6.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.26% of the company’s stock.

Spire Trading Up 0.1%

Spire stock opened at $82.68 on Monday. The firm has a 50 day moving average of $81.12 and a 200 day moving average of $85.76. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 9.22, a P/E/G ratio of 1.84 and a beta of 0.52. Spire Inc. has a 12-month low of $73.91 and a 12-month high of $95.31. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 1.61.

Spire (NYSE:SR) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.06. The business 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 company’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 earnings per share. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. As a group, research analysts predict that Spire Inc. will post 4.01 earnings per share for the current year.

Spire Announces Dividend

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

Spire Profile

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.