Strs Ohio boosts stake in Spire

Trending News ☀️

Spire Inc ($NYSE:SR). is a provider of natural gas in the United States. The company is headquartered in Missouri and has operations in Illinois, Indiana, Kentucky, Maryland, Michigan, Minnesota, Mississippi, Missouri, Ohio, Pennsylvania, Tennessee, and Virginia. The company’s operations are regulated by state commissions in each of the states in which it operates. Strs Ohio is a large investment firm based in Ohio.

The firm manages the Ohio Public Employees Retirement System, the fourth largest public pension fund in the United States. Strs Ohio’s investment in Spire Inc. is part of the firm’s strategy to invest in high-quality utility companies. Strs Ohio believes that Spire Inc. is a well-managed company with a strong track record of financial performance.

Share Price

On Friday, SPIRE Inc. stock opened at $65.4 and closed at $65.4, up by 0.9% from previous closing price of 64.8. This boost in stock came after Strs Ohio, one of the largest pension funds in the United States, announced that it had increased its stake in the company. At the time of writing, news sentiment around SPIRE Inc. is mostly positive. Many analysts believe that the company is well-positioned for continued growth, thanks to its strong fundamentals and innovative products.

SPIRE Inc. is a leading provider of energy services and solutions, serving both residential and commercial customers across the United States. The company has a long history of delivering reliable and affordable services, and its commitment to customer satisfaction is evident in everything it does. With a strong focus on innovation and customer service, SPIRE Inc. is well-positioned for continued growth in the years to come.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on SPIRE INC are made simple by VI app. VI Star Chart shows that SPIRE INC is classified as ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. Such companies are usually of interest to value investors who seek companies with strong fundamentals that are trading at a discount.

SPIRE INC is strong in dividend, and medium in asset, growth, profitability. SPIRE INC has an intermediate health score of 4/10 considering its cashflows and debt, might be able to sustain future operations in times of crisis.

VI 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

Investing in SPIRE Inc. can be a great way to make money. The company has a strong history of profitability and is expected to continue to perform well in the future. While there are always risks associated with any investment, SPIRE Inc. appears to be a relatively safe bet.