Mutual of America Capital Management LLC Has $5.48 Million Stock Holdings in Spire Inc. (NYSE:SR)

Mutual of America Capital Management LLC decreased its stake in shares of Spire Inc. (NYSE:SR) by 3.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 81,472 shares of the utilities provider’s stock after selling 2,967 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Spire were worth $5,482,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Spire by 1.2% during the first quarter. Vanguard Group Inc. now owns 5,626,863 shares of the utilities provider’s stock worth $345,321,000 after acquiring an additional 65,486 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Spire by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 944,387 shares of the utilities provider’s stock worth $57,351,000 after purchasing an additional 72,119 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Spire by 11.0% in the 2nd quarter. Victory Capital Management Inc. now owns 698,819 shares of the utilities provider’s stock valued at $42,439,000 after purchasing an additional 69,020 shares during the period. Thrivent Financial for Lutherans grew its holdings in Spire by 1.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 644,525 shares of the utilities provider’s stock valued at $39,142,000 after buying an additional 10,562 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Spire by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 501,852 shares of the utilities provider’s stock worth $30,477,000 after buying an additional 2,598 shares during the period. Institutional investors and hedge funds own 87.36% of the company’s stock.

Insider Activity at Spire

In related news, VP Gerard J. Gorla sold 500 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $64.82, for a total transaction of $32,410.00. Following the completion of the transaction, the vice president now directly owns 7,311 shares in the company, valued at $473,899.02. This represents a 6.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.86% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. LADENBURG THALM/SH SH cut shares of Spire from a “neutral” rating to a “sell” rating and reduced their target price for the company from $65.50 to $60.50 in a research report on Thursday, October 17th. Wells Fargo & Company increased their target price on shares of Spire from $72.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Mizuho lifted their price target on shares of Spire from $62.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley increased their price target on Spire from $70.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Stifel Nicolaus raised their price objective on Spire from $64.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $66.56.

Spire Stock Down 0.4 %

NYSE SR opened at $67.93 on Wednesday. The business has a fifty day moving average price of $65.54 and a two-hundred day moving average price of $63.63. The stock has a market capitalization of $3.92 billion, a PE ratio of 16.30, a PEG ratio of 2.96 and a beta of 0.52. Spire Inc. has a fifty-two week low of $56.36 and a fifty-two week high of $68.35. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.48 and a quick ratio of 0.35.

Spire Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 11th will be given a dividend of $3.14 per share. This is an increase from Spire’s previous quarterly dividend of $0.76. This represents a $12.56 annualized dividend and a dividend yield of 18.49%. The ex-dividend date is Wednesday, December 11th. Spire’s dividend payout ratio is currently 72.60%.

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.