Spire Corporation (NYSE:SR) Stock Purchased by Maryland Retirement Plan

Retirement


The Maryland Retirement Plan increased its stake in Spire (NYSE:SR – Free Report) by 324.0% in the first quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The company owns 53,826 shares in the utility company after purchasing an additional 41,131 shares during the quarter. The Maryland Retirement Pension Plan owned approximately 0.10% of Spire stock, valued at $3,775,000, at the end of the most recent reporting period.

Many other hedge funds and institutional investors have also changed positions within the company. International Assets Investment Management LLC acquired new shares of Spire stock valued at approximately $46,000 during the first quarter. Ronald Blue Trust Inc. increased his stake in Spire stock by 27.8% in the first quarter. The Ronald Blue Trust now owns 795 shares of the utility company worth $55,000 after purchasing an additional 173 shares during the period. UMB Bank increased his stake in Spire stock by 7.8% in the first quarter. UMB Bank purchased another 500 shares during the period and now owns 6,919 shares of the utility company worth $485,000. Victory Capital Management Inc. increased its stake in Spire shares by 317.1% in the fourth quarter. Victory Capital Management Inc. purchased an additional 81,827 shares during the period and now owns 107,631 shares of the utility company, valued at $7,411,000. Finally, AllianceBernstein LP increased its stake in Spire shares by 0.3% during the fourth quarter. AllianceBernstein LP purchased an additional 364 shares during the period and now owns 118,791 shares of the utility company worth $8,180,000. Institutional investors and hedge funds hold 85.32% of the company’s shares.

Spire Stock Up 0.7 %

The NYSE SR on Friday opened at $63.44. Spire reached a 52-week low of $61.52 and a 52-week high of $77.68. The company has a quick ratio of 0.64, a current ratio of 0.79 and a debt to equity ratio of 1.35. His 50-day simple moving average for this company is $66.21 and his 200-day simple moving average is $68.95. The company has a market cap of $3.34 billion, trades at 13.53x earnings, 3.50x earnings, and 0.49x beta.

Spire (NYSE:SR – Free Report) last reported quarterly results on Wednesday, May 3rd. Utilities reported his EPS of $3.70 for the quarter, beating consensus expectations of $3.49 for him by $0.21. Spire’s return on equity was 9.75% and net earnings margin was 9.69%. The business had sales of $1.12 billion in the quarter, compared with analysts’ expectations of $887.98 million. The company’s EPS in the year-ago quarter was $3.42. The company’s quarterly sales increased by 27.5% compared to the same period last year. Equity analysts expect the group as a whole to post earnings per share of $4.27 for Spire this year.

Notice of Spire Dividend

The company also recently announced a quarterly dividend payable on Wednesday, July 5th. Shareholders of record on Monday, June 12 will be issued a dividend of $0.72 per share for him. The ex-dividend date is Friday, June 9. This equates to an annual dividend of $2.88 and a dividend yield of 4.54%. Spire’s payout ratio is currently 61.41%.

Analysts set new price target

Recently, a number of research analysts have released reports on the SR stock. Mizuho lowered its price target on Spire to $71.00 from $73.00 in a research report on Friday, May 12. StockNews.com began reporting on Spire on Thursday, May 18 with an investigative report. They set a “Hold” rating on the stock. Morgan Stanley raised its price target on Spire to $78.00 from $70.00, giving the company an “equal weight” rating in its research report on Thursday, April 20. Finally, Stifel Nicolaus lowered the Spire target price from his $75.00 to his $72.00 in a report on Thursday, May 18. One equity research analyst rated the company’s stock as ‘sell’ and eight issued a ‘hold’ rating for the company. According to MarketBeat, Spire’s consensus rating is currently “Hold” with an average target price of $70.00.

Spire company profile

(free report)

Spire Inc, along with its subsidiaries, purchases, retails and sells natural gas to residential, commercial, industrial and other natural gas end users in the United States. The company operates through his two segments of gas business and gas marketing. We are also working on the sale of natural gas.

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Spire Institutional Ownership Quarterly (NYSE:SR)

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