Spire Inc. (NYSE:SR) Shares Sold by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC decreased its stake in shares of Spire Inc. (NYSE:SR) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,725 shares of the utilities provider’s stock after selling 455 shares during the quarter. Spire makes up 2.1% of Regent Peak Wealth Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Regent Peak Wealth Advisors LLC owned approximately 0.24% of Spire worth $9,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SR. Geode Capital Management LLC grew its stake in shares of Spire by 5.5% during the third quarter. Geode Capital Management LLC now owns 1,385,452 shares of the utilities provider’s stock worth $93,244,000 after purchasing an additional 71,798 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Spire during the 3rd quarter worth about $787,000. Cynosure Group LLC purchased a new position in shares of Spire in the 3rd quarter valued at about $4,067,000. Allspring Global Investments Holdings LLC raised its position in shares of Spire by 116.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,025 shares of the utilities provider’s stock worth $1,886,000 after acquiring an additional 15,060 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its stake in Spire by 12.4% during the second quarter. Thompson Siegel & Walmsley LLC now owns 288,339 shares of the utilities provider’s stock worth $17,511,000 after purchasing an additional 31,923 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Wall Street Analyst Weigh In

SR has been the topic of several recent analyst reports. UBS Group increased their price target on shares of Spire from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. LADENBURG THALM/SH SH lowered shares of Spire from a “neutral” rating to a “sell” rating and cut their price target for the stock from $65.50 to $60.50 in a research note on Thursday, October 17th. Stifel Nicolaus decreased their price objective 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. Mizuho upgraded Spire from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $65.00 to $76.00 in a research report on Friday, December 20th. Finally, StockNews.com downgraded Spire from a “hold” rating to a “sell” rating in a report on Friday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $71.50.

Spire Stock Performance

Shares of NYSE:SR traded up $0.16 during trading on Tuesday, reaching $66.40. The company had a trading volume of 61,766 shares, compared to its average volume of 291,785. Spire Inc. has a fifty-two week low of $56.36 and a fifty-two week high of $73.64. 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 stock’s fifty day moving average price is $67.88 and its 200 day moving average price is $65.76. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 3.00 and a beta of 0.57.

Spire Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, December 11th were paid a $3.14 dividend. This is a boost from Spire’s previous quarterly dividend of $0.76. This represents a $12.56 annualized dividend and a yield of 18.92%. The ex-dividend date of this dividend was Wednesday, December 11th. Spire’s payout ratio is currently 72.85%.

Insiders Place Their Bets

In other Spire news, Treasurer Adam W. Woodard sold 1,150 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $67.47, for a total transaction of $77,590.50. Following the transaction, the treasurer now owns 2,587 shares in the company, valued at approximately $174,544.89. The trade was a 30.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul D. Koonce purchased 1,000 shares of Spire stock in a transaction dated Monday, December 2nd. The stock was acquired at an average cost of $73.61 per share, with a total value of $73,610.00. Following the completion of the acquisition, the director now directly owns 2,425 shares in the company, valued at approximately $178,504.25. This trade represents a 70.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.33% of the stock is owned by insiders.

Spire Profile

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.