Advisors Asset Management Inc. lessened its stake in Spire Inc (NYSE:SR) by 43.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,332 shares of the utilities provider’s stock after selling 2,605 shares during the period. Advisors Asset Management Inc.’s holdings in Spire were worth $235,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Spire by 696.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,888 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 1,651 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Spire by 86.9% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 2,200 shares of the utilities provider’s stock valued at $155,000 after acquiring an additional 1,023 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Spire during the 2nd quarter valued at $178,000. NumerixS Investment Technologies Inc bought a new stake in shares of Spire during the 2nd quarter valued at $193,000. Finally, Capital Fund Management S.A. bought a new stake in shares of Spire during the 2nd quarter valued at $233,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.
SR opened at $76.12 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.72 and a quick ratio of 0.53. Spire Inc has a 12 month low of $60.08 and a 12 month high of $82.85. The firm has a market capitalization of $3.83 billion, a P/E ratio of 21.38, a PEG ratio of 5.12 and a beta of 0.03.
Spire Company Profile
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 customers in the United States. It operates through two segments, Gas Utility and Gas Marketing. The company is also involved in marketing natural gas and provides energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.
Featured Article: Marijuana Stocks Future Looks Bright
Want to see what other hedge funds are holding SR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spire Inc (NYSE:SR).
Receive News & Ratings for Spire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spire and related companies with MarketBeat.com's FREE daily email newsletter.