Dean Capital Investments Management LLC lifted its holdings in Spire Inc (NYSE:SR) by 23.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,686 shares of the utilities provider’s stock after buying an additional 1,262 shares during the quarter. Dean Capital Investments Management LLC’s holdings in Spire were worth $583,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in Spire by 0.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 27,342 shares of the utilities provider’s stock worth $2,295,000 after buying an additional 125 shares during the last quarter. Texas Permanent School Fund grew its position in Spire by 0.4% during the third quarter. Texas Permanent School Fund now owns 34,583 shares of the utilities provider’s stock valued at $3,017,000 after acquiring an additional 131 shares during the period. 6 Meridian lifted its stake in shares of Spire by 1.9% during the second quarter. 6 Meridian now owns 9,090 shares of the utilities provider’s stock worth $763,000 after purchasing an additional 167 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Spire by 8.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,047 shares of the utilities provider’s stock worth $266,000 after purchasing an additional 237 shares in the last quarter. Finally, First Mercantile Trust Co. lifted its stake in shares of Spire by 7.5% during the third quarter. First Mercantile Trust Co. now owns 3,536 shares of the utilities provider’s stock worth $308,000 after purchasing an additional 247 shares in the last quarter. 79.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SR traded down $0.07 during midday trading on Tuesday, reaching $80.83. 12,392 shares of the company were exchanged, compared to its average volume of 166,328. The stock has a 50-day moving average price of $84.52 and a 200-day moving average price of $84.29. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 3.79 and a beta of 0.15. Spire Inc has a 1-year low of $70.53 and a 1-year high of $88.00. The company has a current ratio of 0.53, a quick ratio of 0.40 and a debt-to-equity ratio of 0.86.
A number of research analysts have commented on the company. Zacks Investment Research upgraded Spire from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Wednesday, October 30th. Morgan Stanley reduced their price objective on Spire from $83.00 to $81.00 and set an “underweight” rating on the stock in a research note on Friday. ValuEngine cut Spire from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Co boosted their price objective on Spire from $89.00 to $90.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $84.50.
Spire Inc, through 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 marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.
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