Spire Inc. (NYSE:SR - Get Free Report) Treasurer Adam W. Woodard sold 1,150 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $67.47, for a total value of $77,590.50. Following the completion of the sale, the treasurer now owns 2,587 shares of the company's stock, valued at $174,544.89. This trade represents a 30.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Spire Price Performance
Spire stock opened at $67.89 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.45 and a quick ratio of 0.30. The business has a 50 day simple moving average of $67.24 and a 200-day simple moving average of $64.90. Spire Inc. has a 12 month low of $56.36 and a 12 month high of $73.64. The stock has a market capitalization of $3.92 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 3.04 and a beta of 0.57.
Spire Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, December 11th will be paid a $3.14 dividend. This represents a $12.56 annualized dividend and a dividend yield of 18.50%. The ex-dividend date is Wednesday, December 11th. This is a boost from Spire's previous quarterly dividend of $0.76. Spire's dividend payout ratio (DPR) is 72.85%.
Institutional Trading of Spire
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in Spire by 26.8% during the second quarter. Blue Trust Inc. now owns 761 shares of the utilities provider's stock worth $47,000 after purchasing an additional 161 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Spire by 5.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,572 shares of the utilities provider's stock worth $240,000 after purchasing an additional 177 shares during the period. Creative Planning raised its stake in shares of Spire by 2.7% during the 3rd quarter. Creative Planning now owns 7,126 shares of the utilities provider's stock worth $480,000 after buying an additional 190 shares in the last quarter. Missouri Trust & Investment Co lifted its holdings in shares of Spire by 28.6% in the 3rd quarter. Missouri Trust & Investment Co now owns 900 shares of the utilities provider's stock valued at $61,000 after buying an additional 200 shares during the period. Finally, Verdence Capital Advisors LLC boosted its stake in shares of Spire by 4.5% in the third quarter. Verdence Capital Advisors LLC now owns 5,327 shares of the utilities provider's stock valued at $358,000 after buying an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 87.36% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Spire from $70.00 to $69.00 and set a "hold" rating for the company in a research note on Friday, November 22nd. Morgan Stanley cut their price objective on Spire from $77.00 to $75.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. UBS Group increased their target price on shares of Spire from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Mizuho lifted their price objective on shares of Spire from $62.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Finally, StockNews.com lowered shares of Spire from a "hold" rating to a "sell" rating in a report on Friday, November 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $69.94.
View Our Latest Analysis on SR
About Spire
(
Get Free Report)
Spire Inc, together with 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 three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.
Further Reading
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