SPIRE INC
No enriched coverage for $SR in the last 7 days.
No SEC Form 4 filings for $SR in the last 30 days.
Vanguard Capital Management has disclosed a 5.10% stake in Spire Inc (SR), representing 3,017,346 shares of common stock as of March 31, 2026. The filing indicates that Vanguard holds sole dispositive power over all these shares but sole voting power over only 470,116 shares. This passive investment is managed through various Vanguard funds and client accounts, rather than signaling an active control intent.
Spire has completed the sale of its gas marketing unit, Spire Marketing Inc., to Boardwalk Pipelines for $215 million, effective April 30, 2026. This divestiture allows Spire to focus on its regulated natural gas utility operations and will partially fund its acquisition of Piedmont Natural Gas Tennessee. Boardwalk Pipelines has formed Boardwalk Continuum Marketing, LLC, to integrate Spire Marketing's employees and clients, aiming to leverage its broader natural gas platform to offer enhanced services.
Spire Inc. (SR) announced a quarterly dividend of $0.825 per share, maintaining its previous rate and offering a 3.63% forward yield. Despite a solid GF Score™ of 73/100, the company faces financial strength challenges due to high debt and low interest coverage. Spire is divesting certain natural gas operations to streamline its business, with its stock trading at a premium P/E ratio close to its historical median.
