Spire Inc (SR) Shares Sold by Advisors Asset Management Inc.

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.

Several brokerages have commented on SR. Wells Fargo & Co set a $82.00 target price on shares of Spire and gave the company a “buy” rating in a research report on Monday, September 17th. ValuEngine cut shares of Spire from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. JPMorgan Chase & Co. set a $72.00 target price on shares of Spire and gave the company a “sell” rating in a research report on Tuesday, October 9th. Zacks Investment Research upgraded shares of Spire from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Finally, Morgan Stanley dropped their target price on shares of Spire from $77.00 to $73.00 and set a “sell” rating for the company in a research report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Spire has a consensus rating of “Hold” and a consensus target price of $75.25.

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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.

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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