Rockefeller Capital Management L.P. Decreases Position in Spire Inc
July 8, 2023
🌥️Trending News
Spire Inc ($NYSE:SR). had its position reduced by Rockefeller Capital Management L.P., which is a leading asset manager based in New York City. Spire Inc. is an energy company based in St. Louis, Missouri that serves nearly two million natural gas and electric customers across eight states. It also provides commodity marketing services to companies throughout the United States. It also operates a regulated retail natural gas and electric utility in Missouri, and provides wastewater collection and treatment services in the St. Louis area.
Spire Inc. has long been a leader in its industry, providing reliable, affordable energy and services to its customers. Despite the recent reduction in its position from Rockefeller Capital Management L.P., Spire Inc. remains a solid investment option.
Share Price
On Monday, Spire Inc (NYSE: SR) stock opened at $63.0 and closed at $63.5, up by 0.1% from last closing price of 63.4. As the leading provider of natural gas and energy services to customers in the United States, Spire Inc’s reputation remains intact, and investors remain confident in their ability to continue to provide excellent services. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Spire Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.7k | 246.4 | 9.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Spire Inc. More…
| Operations | Investing | Financing |
| 79.8 | -614.2 | 540.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Spire Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.05k | 7.04k | 54.51 |
Key Ratios Snapshot
Some of the financial key ratios for Spire Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.9% | 16.7% | 17.7% |
| FCF Margin | ROE | ROA |
| -18.7% | 10.2% | 3.0% |
Analysis
At GoodWhale, we have conducted a detailed analysis of SPIRE INC‘s financials. Based on our Risk Rating assessment, SPIRE INC can be considered as a medium risk investment in terms of financial and business aspects. Our analysis has detected three risk warnings in the income sheet, balance sheet and cashflow statement. For more detailed information on these risks, please register with us here at GoodWhale and we will be more than happy to provide you with the information. More…
Peers
It is the largest natural gas distribution company in Missouri. Saibu Gas Holdings Co Ltd, Shizuoka Gas Co Ltd, and Amber Grid AB are its competitors.
– Saibu Gas Holdings Co Ltd ($TSE:9536)
Saibu Gas Holdings Co Ltd is a Japanese company that is engaged in the provision of natural gas and heat supply services. The company has a market capitalization of 62.02 billion as of 2022 and a return on equity of 2.31%. The company operates in the Tokyo metropolitan area and provides natural gas and heat supply services to approximately 1.4 million customers.
– Shizuoka Gas Co Ltd ($TSE:9543)
Shizuoka Gas Co Ltd is a Japanese company that provides gas and electricity to residential and commercial customers in Shizuoka Prefecture. As of March 2021, the company had a market capitalization of ¥8 trillion and a return on equity of 6.15%. The company was founded in 1951 and is headquartered in Shizuoka, Japan.
– Amber Grid AB ($LTS:0QGQ)
Amber Grid AB is a world leader in energy storage solutions. The company has a market cap of 217.63M as of 2022 and a return on equity of 7.09%. Amber Grid is headquartered in Sweden and has a strong international presence. The company’s products are used in a variety of applications, including residential, commercial, and industrial settings. Amber Grid’s products are known for their quality, reliability, and efficiency.
Summary
Investment analysis of Spire Inc has been a popular topic recently, as Rockefeller Capital Management LP has recently lowered its position in the company. Spire Inc is a public utility company that provides natural gas distribution, transmission and storage services. Analysts are predicting that the company’s dividend payout ratio will increase, as it shifts more of its profits to shareholders.
Spire Inc’s shares have also been trading higher than its peers in the utility industry, and analysts expect the company to continue outperforming its peers in the sector. Overall, Spire Inc is an attractive investment opportunity for investors looking to capitalize on the utilities sector.
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