State of Alaska Department of Revenue cut its stake in shares of Spire Inc. (NYSE:SR – Get Rating) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,284 shares of the utilities provider’s stock after selling 205 shares during the period. State of Alaska Department of Revenue’s holdings in Spire were worth $454,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Private Trust Co. NA purchased a new position in shares of Spire during the third quarter worth about $32,000. Quadrant Capital Group LLC grew its holdings in shares of Spire by 47.1% during the second quarter. Quadrant Capital Group LLC now owns 581 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 186 shares in the last quarter. Cohen & Steers Inc. grew its holdings in shares of Spire by 31.8% during the first quarter. Cohen & Steers Inc. now owns 639 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 154 shares in the last quarter. Gladius Capital Management LP purchased a new position in shares of Spire during the second quarter worth about $90,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Spire by 191.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,466 shares of the utilities provider’s stock worth $109,000 after purchasing an additional 963 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.
Spire Price Performance
Shares of Spire stock opened at $73.12 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 1.15. The company has a market cap of $3.84 billion, a PE ratio of 18.37, a P/E/G ratio of 3.47 and a beta of 0.42. The business has a 50 day moving average of $69.94 and a 200 day moving average of $70.06. Spire Inc. has a 52 week low of $61.52 and a 52 week high of $79.24.
Spire Cuts Dividend
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Royal Bank of Canada upped their target price on Spire from $69.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Monday, November 21st. JPMorgan Chase & Co. downgraded Spire from an “overweight” rating to a “neutral” rating and set a $69.00 price objective for the company. in a research report on Monday, December 5th. TheStreet downgraded Spire from a “b-” rating to a “c+” rating in a research report on Monday, September 26th. Guggenheim boosted their price objective on Spire from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Wednesday, December 7th. Finally, Wells Fargo & Company lowered their price objective on Spire from $78.00 to $71.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 19th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $68.86.
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 two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of natural gas.
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