Raymond James & Associates Has $3.11 Million Position in Spire Inc. (NYSE:SR)

Raymond James & Associates reduced its holdings in shares of Spire Inc. (NYSE:SR - Free Report) by 18.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,259 shares of the utilities provider's stock after selling 10,740 shares during the quarter. Raymond James & Associates owned approximately 0.08% of Spire worth $3,113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of SR. International Assets Investment Management LLC purchased a new position in shares of Spire during the second quarter valued at approximately $31,000. LRI Investments LLC acquired a new position in Spire in the first quarter valued at $35,000. Fidelis Capital Partners LLC purchased a new position in Spire during the first quarter worth about $37,000. Blue Trust Inc. boosted its stake in Spire by 26.8% in the 2nd quarter. Blue Trust Inc. now owns 761 shares of the utilities provider's stock worth $47,000 after buying an additional 161 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Spire in the 1st quarter valued at about $47,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Spire

In other news, VP Gerard J. Gorla sold 500 shares of the firm's 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 sale, the vice president now directly owns 7,311 shares of the company's stock, valued at $473,899.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.86% of the company's stock.

Spire Stock Performance

Shares of NYSE SR traded up $0.56 during midday trading on Tuesday, hitting $62.80. 394,863 shares of the company's stock were exchanged, compared to its average volume of 416,522. The stock's 50 day moving average price is $65.57 and its 200-day moving average price is $63.35. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.48 and a quick ratio of 0.35. The firm has a market cap of $3.63 billion, a P/E ratio of 14.96, a PEG ratio of 2.76 and a beta of 0.52. Spire Inc. has a twelve month low of $56.36 and a twelve month high of $68.02.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SR shares. Wells Fargo & Company upped their price target on shares of Spire from $72.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Stifel Nicolaus raised their target price on Spire from $64.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, August 1st. Morgan Stanley increased their price objective 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. Finally, LADENBURG THALM/SH SH cut shares of Spire from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $65.50 to $60.50 in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Spire presently has an average rating of "Hold" and a consensus target price of $66.19.

Spire Profile

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.