Meritage Portfolio Management acquired a new stake in shares of Spire Inc. (NYSE:SR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 45,858 shares of the utilities provider's stock, valued at approximately $3,086,000. Meritage Portfolio Management owned approximately 0.08% of Spire at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Spire by 1.2% during the first quarter. Vanguard Group Inc. now owns 5,626,863 shares of the utilities provider's stock valued at $345,321,000 after acquiring an additional 65,486 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Spire by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 944,387 shares of the utilities provider's stock valued at $57,351,000 after acquiring an additional 72,119 shares in the last quarter. Victory Capital Management Inc. raised its position in Spire by 11.0% during the second quarter. Victory Capital Management Inc. now owns 698,819 shares of the utilities provider's stock valued at $42,439,000 after acquiring an additional 69,020 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Spire by 1.7% during the second quarter. Thrivent Financial for Lutherans now owns 644,525 shares of the utilities provider's stock valued at $39,142,000 after acquiring an additional 10,562 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Spire by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 501,852 shares of the utilities provider's stock valued at $30,477,000 after acquiring an additional 2,598 shares in the last quarter. Institutional investors own 87.36% of the company's stock.
Spire Stock Performance
SR traded up $1.61 during trading on Monday, reaching $66.03. 394,477 shares of the company's stock were exchanged, compared to its average volume of 416,915. Spire Inc. has a fifty-two week low of $56.36 and a fifty-two week high of $68.02. The company has a quick ratio of 0.35, a current ratio of 0.48 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average price of $65.46 and a 200 day moving average price of $63.43. The company has a market capitalization of $3.81 billion, a P/E ratio of 15.88, a PEG ratio of 2.85 and a beta of 0.52.
Insiders Place Their Bets
In other Spire news, VP Gerard J. Gorla sold 500 shares of Spire stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $64.82, for a total transaction of $32,410.00. Following the completion of the transaction, the vice president now directly owns 7,311 shares of the company's stock, valued at approximately $473,899.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.86% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Spire from $64.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, August 1st. LADENBURG THALM/SH SH lowered shares of Spire from a "neutral" rating to a "sell" rating and dropped their price target for the company from $65.50 to $60.50 in a research report on Thursday, October 17th. Wells Fargo & Company lifted their price target on shares of Spire from $72.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley lifted their price target on shares of Spire from $70.00 to $76.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Spire has an average rating of "Hold" and an average target price of $66.19.
View Our Latest Stock Report on Spire
Spire Profile
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Free Report)
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 three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.
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