Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
ST. LOUIS—Adam W. Woodard, the Treasurer of Spire Inc. (NYSE:SR), recently reported the sale of 1,150 shares of the company's common stock. The shares were sold at an average price of $67.47 each, totaling approximately $77,590. Following this transaction, Woodard holds 2,587.20 shares directly. The sale occurred as Spire's stock trades near $67.84, giving the company a market capitalization of $3.9 billion. According to InvestingPro analysis, the company currently shows a GOOD overall financial health score.
In addition to the sale, Woodard also made an intra-plan transfer of 1,150 shares into Spire's company stock fund within his 401(k) plan. This transaction, valued at approximately $77,671 with a price of $67.54 per share, is noted as exempt from certain regulatory provisions. As of December 13, 2024, Woodard's 401(k) plan holds 5,602.704 shares in the company stock fund.
These transactions reflect Woodard's ongoing management of his holdings in Spire Inc., a natural gas distribution company headquartered in St. Louis, Missouri. The company has maintained dividend payments for 54 consecutive years and currently offers a 4.6% dividend yield. Based on InvestingPro Fair Value analysis, the stock appears to be fairly valued at current levels.
In other recent news, Spire Inc. has filed a request with the Missouri Public Service Commission seeking a net base rate increase of $235.9 million. This is intended to cover costs associated with enhancing the safety and reliability of its natural gas distribution systems, as well as improving customer service. The proposed rate increase is based on a filed rate base of $4.386 billion, reflecting a 32% increase since the last general rate filing, due to substantial investments in infrastructure upgrades and system enhancements.
Simultaneously, Spire has reported improved financial performance with fourth quarter earnings surpassing estimates. The company recorded an adjusted loss of $0.54 per share for the quarter ended in September, an improvement from a $0.78 per share loss in the same period the previous year. However, revenue decreased by 5.3% year-over-year to $293.8 million.
For fiscal year 2024, Spire reported adjusted earnings of $4.13 per share, an increase from $4.05 per share in fiscal 2023. Looking ahead, the company has issued fiscal 2025 adjusted EPS guidance of $4.40 to $4.60, notably higher than the current analyst consensus of $4.38. These recent developments reflect a positive operational performance across Spire's key business segments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.