Bank of America Corp DE Has $34.92 Million Position in Spire Inc. $SR

Bank of America Corp DE trimmed its position in Spire Inc. ( NYSE:SR – Free Report ) by 3.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 385,682 shares of the utilities provider's stock after selling 14,849 shares during the period. Bank of America Corp DE owned approximately 0.65% of Spire worth $34,920,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in Spire during the 4th quarter worth $25,000. MV Capital Management Inc. bought a new position in shares of Spire during the 4th quarter valued at about $33,000. SHP Wealth Management acquired a new position in shares of Spire in the 4th quarter valued at approximately $35,000. Headlands Technologies LLC acquired a new position in shares of Spire in the 2nd quarter valued at approximately $38,000. Finally, International Assets Investment Management LLC bought a new stake in Spire during the 4th quarter worth approximately $43,000. Institutional investors own 87.36% of the company's stock.

Analysts Set New Price Targets Several brokerages have commented on SR. Wall Street Zen upgraded shares of Spire from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Wolfe Research began coverage on shares of Spire in a research report on Tuesday, May 26th. They set a “peer perform” rating for the company. Wells Fargo & Company assumed coverage on shares of Spire in a report on Monday, May 11th. They set an “overweight” rating and a $96.00 price objective on the stock. BTIG Research set a $101.00 price objective on shares of Spire in a research report on Thursday, July 23rd. Finally, Mizuho initiated coverage on Spire in a report on Tuesday, July 7th. They set an “outperform” rating and a $88.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $94.50.

Spire stock opened at $82.86 on Friday. The firm has a market cap of $4.90 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 1.85 and a beta of 0.52. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.37 and a quick ratio of 0.27. The stock’s fifty day moving average price is $80.29 and its two-hundred day moving average price is $85.89. Spire Inc. has a one year low of $73.91 and a one year high of $95.31.

Spire ( NYSE:SR – Get Free Report ) last released its earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.06. The company had revenue of $420.20 million for the quarter, compared to analyst estimates of $394.62 million. Spire had a return on equity of 8.65% and a net margin of 21.48%.Spire’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period, the firm posted $0.01 EPS. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. As a group, research analysts expect that Spire Inc. will post 4.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be paid a dividend of $0.825 per share. The ...