Entropy Technologies LP lifted its position in shares of Spire Inc. (NYSE:SR - Free Report) by 175.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,637 shares of the utilities provider's stock after buying an additional 9,962 shares during the quarter. Entropy Technologies LP's holdings in Spire were worth $1,052,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of SR. Vanguard Group Inc. raised its stake in Spire by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 5,626,863 shares of the utilities provider's stock worth $345,321,000 after purchasing an additional 65,486 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Spire by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 944,387 shares of the utilities provider's stock worth $57,351,000 after purchasing an additional 72,119 shares during the period. Victory Capital Management Inc. raised its position in shares of Spire by 11.0% in the second quarter. Victory Capital Management Inc. now owns 698,819 shares of the utilities provider's stock valued at $42,439,000 after buying an additional 69,020 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Spire by 1.7% in the second quarter. Thrivent Financial for Lutherans now owns 644,525 shares of the utilities provider's stock valued at $39,142,000 after buying an additional 10,562 shares during the period. Finally, The Manufacturers Life Insurance Company grew 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 worth $30,477,000 after buying an additional 2,598 shares in the last quarter. Institutional investors own 87.36% of the company's stock.
SR stock opened at $65.69 on Thursday. Spire Inc. has a 1 year low of $56.36 and a 1 year high of $68.02. 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 stock has a market cap of $3.79 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 2.92 and a beta of 0.52. The company has a 50 day simple moving average of $65.46 and a 200 day simple moving average of $63.49.
In related 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 sale, the vice president now 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 hyperlink. Company insiders own 2.86% of the company's stock.
Several brokerages have weighed in on SR. Wells Fargo & Company lifted their price objective on Spire from $72.00 to $73.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Stifel Nicolaus upped their price objective on shares of Spire from $64.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, August 1st. LADENBURG THALM/SH SH downgraded shares of Spire from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $65.50 to $60.50 in a research note on Thursday, October 17th. Finally, Morgan Stanley boosted their target price 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 company. Based on data from MarketBeat.com, Spire has a consensus rating of "Hold" and a consensus price target of $66.19.
Check Out Our Latest Stock Report on Spire
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Spire, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spire wasn't on the list.
While Spire currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.