Spire Inc. (NYSE:SR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in Spire Inc. (NYSE:SR) by 1.1% in the 4th quarter, Holdings Channel reports. The fund owned 80,537 shares of the utilities provider’s stock after selling 935 shares during the period. Mutual of America Capital Management LLC’s holdings in Spire were worth $5,463,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SR. Meeder Asset Management Inc. acquired a new stake in shares of Spire in the third quarter valued at about $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Spire in the fourth quarter valued at about $27,000. GAMMA Investing LLC lifted its stake in shares of Spire by 87.2% in the fourth quarter. GAMMA Investing LLC now owns 438 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 204 shares during the period. Larson Financial Group LLC lifted its stake in shares of Spire by 1,318.4% in the third quarter. Larson Financial Group LLC now owns 539 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 501 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Spire in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Analysts Set New Price Targets

SR has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Spire from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. UBS Group raised their target price on shares of Spire from $75.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. StockNews.com downgraded shares of Spire from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Janney Montgomery Scott initiated coverage on shares of Spire in a report on Tuesday, December 17th. They set a “neutral” rating and a $73.00 target price for the company. Finally, Mizuho upgraded shares of Spire from a “neutral” rating to an “outperform” rating and raised their target price for the company from $65.00 to $76.00 in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.00.

Spire Stock Performance

Shares of NYSE SR opened at $77.98 on Tuesday. The company has a 50-day simple moving average of $70.79 and a 200-day simple moving average of $68.13. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.50 and a quick ratio of 0.37. Spire Inc. has a 12 month low of $57.27 and a 12 month high of $78.33. The company has a market cap of $4.55 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 2.82 and a beta of 0.58.

Spire (NYSE:SR) last released its earnings results on Wednesday, February 5th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.08). Spire had a return on equity of 7.88% and a net margin of 9.70%. On average, equities analysts anticipate that Spire Inc. will post 4.5 earnings per share for the current year.

Spire Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 11th will be given a $0.785 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $3.14 annualized dividend and a dividend yield of 4.03%. Spire’s dividend payout ratio is presently 76.03%.

Insider Buying and Selling

In other Spire news, Treasurer Adam W. Woodard sold 1,150 shares of Spire stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $67.47, for a total transaction of $77,590.50. Following the transaction, the treasurer now directly owns 2,587 shares of the company’s stock, valued at $174,544.89. The trade was a 30.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.33% of the company’s stock.

About Spire

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.