Physician Wealth Advisors Inc. Purchases Shares of 1,000 Spire Inc. (NYSE:SR)

Physician Wealth Advisors Inc. acquired a new position in shares of Spire Inc. (NYSE:SR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,000 shares of the utilities provider’s stock, valued at approximately $68,000.

A number of other large investors also recently modified their holdings of SR. Golden State Wealth Management LLC bought a new stake in Spire during the fourth quarter worth about $27,000. GAMMA Investing LLC increased its position in shares of Spire by 87.2% during the 4th quarter. GAMMA Investing LLC now owns 438 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 204 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Spire during the 4th quarter worth approximately $32,000. R Squared Ltd acquired a new stake in shares of Spire in the 4th quarter valued at approximately $37,000. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Spire by 431.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 627 shares of the utilities provider’s stock valued at $43,000 after buying an additional 509 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Spire Stock Performance

Shares of NYSE SR opened at $78.32 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.50 and a quick ratio of 0.37. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 2.82 and a beta of 0.53. The stock’s fifty day moving average price is $74.41 and its two-hundred day moving average price is $69.70. Spire Inc. has a one year low of $57.27 and a one year high of $79.11.

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

Spire Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 11th will be given a $0.785 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 4.01%. Spire’s payout ratio is 76.03%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SR shares. StockNews.com lowered shares of Spire from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Janney Montgomery Scott assumed coverage on shares of Spire in a report on Tuesday, December 17th. They issued a “neutral” rating and a $73.00 target price on the stock. Bank of America started coverage on Spire in a report on Friday, December 13th. They set a “neutral” rating and a $70.00 price target for the company. JPMorgan Chase & Co. upgraded Spire from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $72.00 to $85.00 in a research note on Thursday, March 20th. Finally, LADENBURG THALM/SH SH upgraded Spire to a “strong-buy” rating in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $76.00.

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.