American Century Investment Manag has recently announced that it has increased stake in Spire Inc. (NYSE:SR) by 12.27%. After grabbing 8.09 million shares, the institutional investor is now in possession of 0.88 million shares of the Utilities Company. The new investment brought the stake of investor firm to 15.42% having worth around $557.27 million. Moreover, The Vanguard Group, Inc. increased its share by 0.14 million to have a control over 5.3 million shares. And SSgA Funds Management, Inc. raised its holdings to 60351.0 shares by acquiring 2.35 million shares or 4.48% of the stake.
Spire Inc. (SR) concluded trading on 01/18/23 at a closing price of $70.39, with 0.2 million shares of worth about $14.31 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.75% during that period and on Wednesday the price saw a loss of about -1.74%. Currently the company’s common shares owned by public are about 52.30M shares, out of which, 50.94M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the SR stock and their offered price forecasts bring an average price target of $69.56. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $74.00 and could fall to a lowest price of $61.00. The stock’s current price level is -1.03% below of average price target set by the analysts, while a dip to estimated low would result in loss of -15.39% for the stock. However, touching the estimated high of $74.00 would mean a gain of 4.88% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 21 times over the past 12 months. They bought 19,493 shares in 15 of the transactions. In 6 selling transactions, insiders dumped 122,810 shares.
American Century Cap. Port. Inc., American Century Mid Cap Value Fu, and iShares Core S&P Mid Cap ETF are the top 3 mutual funds which are holding stakes in Spire Inc. American Century Cap. Port. Inc. is currently holding 2.8 million shares of worth totaling $192.79 million. The company recently came buying 0.0 shares which brought its stake up to 5.33% of the company’s outstanding shares. American Century Mid Cap Value Fu bought 0.43 million shares, after which its hold over company’s outstanding shares expand to 4.45%, leaving 2.34 million shares with the mutual fund that have a worth of about $160.79 million. iShares Core S&P Mid Cap ETF, after selling 1.62 million shares, have now control over 3.09% of the stake in the company. It holds 308.0 shares of worth $111.52 million.
However, the stock later moved at a day high price of 72.36, or with a loss of -1.74%. Stock saw a price change of -2.28% in past 5 days and over the past one month there was a price change of 5.26%. Year-to-date (YTD), SR shares are showing a performance of 2.22% which increased to 5.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $61.52 but also hit the highest price of $79.24 during that period. The average intraday trading volume for Spire Inc. shares is 322.44K. The stock is currently trading 0.55% above its 20-day simple moving average (SMA20), while that difference is up 0.77% for SMA50 and it goes to -1.65% lower than SMA200.
American Century Investment Manag acquired 8.09 million shares of Spire Inc. having value of about $557.27 million. Data submitted at the U.S SEC by American Century Investment Manag revealed that the firm now holds 0.88 million shares in the company valued at close to $62265163.86, or have control over 12.27% stake in the company. Spire Inc. (NYSE: SR) currently have 52.30M outstanding shares and institutions hold larger chunk of about 89.00% of that. Holding of mutual funds in the company is about 3.03% while other institutional holders and individual stake holders have control over 62.86% and 26.04% of the stake respectively.
The stock has a current market capitalization of $3.68B and its 3Y-monthly beta is at 0.48. PE ratio of stock for trailing 12 months is 17.73, while it has posted earnings per share of $3.97 in the same period. Its PEG reads 2.22 and has Quick Ratio of 0.50 while making debt-to-equity ratio of 1.66. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SR, volatility over the week remained 2.11% while standing at 2.07% over the month.
Analysts are in expectations that Spire Inc. (SR) stock would likely to be making an EPS of -$0.67 in the current quarter, while forecast for next quarter EPS is $1.13 and it is $4.38 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.75 which is -$0.61 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.32 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -20.40% while it is estimated to increase by 5.57% in next year. EPS is likely to grow at an annualized rate of 8.00% for next 5-years, compared to annual growth of 2.90% made by the stock over the past 5-years.
Analysts at 9 brokerage firms have issued recommendations for the Spire Inc. (SR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.90. Out of those 9 Wall Street analysts, 1 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on December 12, 2022 offering an Underperform rating for the stock and assigned a target price range of between $78 and $61 to it. Coverage by JP Morgan stated Spire Inc. (SR) stock as a Neutral in their note to investors on December 05, 2022, suggesting a price target of $69 for the stock. On September 09, 2022, JP Morgan Upgrade their recommendations, while on April 18, 2022, BofA Securities Upgrade their ratings for the stock with a price target of $79. Stock get a Neutral rating from Guggenheim on January 20, 2022.