Spire Inc. (NYSE:SR) Shares Sold by Zimmer Partners LP

Zimmer Partners LP decreased its holdings in shares of Spire Inc. (NYSE:SR) by 57.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,000 shares of the utilities provider’s stock after selling 82,345 shares during the quarter. Zimmer Partners LP owned about 0.12% of Spire worth $4,433,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Eaton Vance Management acquired a new stake in Spire during the first quarter worth $90,000. Deprince Race & Zollo Inc. boosted its position in shares of Spire by 21.8% during the first quarter. Deprince Race & Zollo Inc. now owns 211,738 shares of the utilities provider’s stock worth $15,645,000 after buying an additional 37,948 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of Spire by 318.6% during the first quarter. Cubist Systematic Strategies LLC now owns 18,399 shares of the utilities provider’s stock worth $1,360,000 after buying an additional 14,004 shares during the period. Citadel Advisors LLC boosted its position in shares of Spire by 48.5% during the first quarter. Citadel Advisors LLC now owns 23,913 shares of the utilities provider’s stock worth $1,767,000 after buying an additional 7,812 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Spire by 22.8% during the first quarter. Jane Street Group LLC now owns 4,991 shares of the utilities provider’s stock worth $369,000 after buying an additional 927 shares during the period. 82.07% of the stock is owned by institutional investors.

In other news, Director John P. Stupp, Jr. sold 6,000 shares of the company’s stock in a transaction on Thursday, June 10th. The stock was sold at an average price of $74.73, for a total transaction of $448,380.00. Following the completion of the sale, the director now directly owns 17,160 shares in the company, valued at approximately $1,282,366.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.00% of the company’s stock.

SR has been the subject of a number of recent research reports. Mizuho decreased their target price on Spire from $78.00 to $77.00 and set a “neutral” rating for the company in a report on Thursday, July 1st. Credit Suisse Group lifted their price target on Spire from $76.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, May 12th. Sidoti raised Spire from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a report on Thursday, June 10th. Wells Fargo & Company lifted their price target on Spire from $69.00 to $83.00 and gave the stock an “equal weight” rating in a report on Monday, May 10th. Finally, Zacks Investment Research raised Spire from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a report on Tuesday, July 13th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $77.22.

Shares of NYSE:SR traded down $0.11 during trading on Thursday, hitting $70.43. 421 shares of the stock were exchanged, compared to its average volume of 275,494. Spire Inc. has a 12-month low of $50.58 and a 12-month high of $77.95. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.57 and a current ratio of 0.69. The company has a fifty day simple moving average of $72.91. The company has a market capitalization of $3.64 billion, a P/E ratio of 24.49, a PEG ratio of 2.93 and a beta of 0.29.

Spire (NYSE:SR) last posted its earnings results on Friday, May 7th. The utilities provider reported $3.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.66. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $773.77 million. Spire had a return on equity of 11.05% and a net margin of 7.32%. Spire’s revenue was up 54.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.75 EPS. As a group, research analysts predict that Spire Inc. will post 4.41 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 2nd. Stockholders of record on Friday, June 11th were issued a dividend of $0.65 per share. The ex-dividend date was Thursday, June 10th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.69%. Spire’s payout ratio is 69.15%.

Spire Profile

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 in two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of 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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Institutional Ownership by Quarter for Spire (NYSE:SR)

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