Spire Inc. (NYSE:SR) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in shares of Spire Inc. (NYSE:SR) by 116.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,025 shares of the utilities provider’s stock after buying an additional 15,060 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Spire were worth $1,886,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new position in Spire during the second quarter worth about $31,000. LRI Investments LLC acquired a new stake in Spire in the 1st quarter valued at approximately $35,000. Fidelis Capital Partners LLC purchased a new stake in Spire in the first quarter valued at approximately $37,000. EntryPoint Capital LLC purchased a new stake in Spire in the first quarter valued at approximately $47,000. Finally, Blue Trust Inc. lifted its stake in Spire by 26.8% during the second quarter. Blue Trust Inc. now owns 761 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 161 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Spire Price Performance

Shares of NYSE SR opened at $64.48 on Thursday. The stock has a market cap of $3.72 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.93 and a beta of 0.52. Spire Inc. has a twelve month low of $54.69 and a twelve month high of $68.02. The stock has a 50 day moving average of $65.73 and a two-hundred day moving average of $63.22. The company has a current ratio of 0.48, a quick ratio of 0.35 and a debt-to-equity ratio of 1.11.

Spire (NYSE:SR) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.04. Spire had a net margin of 9.40% and a return on equity of 8.10%. The firm had revenue of $414.10 million during the quarter, compared to the consensus estimate of $313.86 million. During the same quarter in the prior year, the firm earned ($0.42) EPS. Spire’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, research analysts forecast that Spire Inc. will post 4.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SR. 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. Wells Fargo & Company increased their target price on shares of Spire from $72.00 to $73.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. LADENBURG THALM/SH SH cut Spire from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $65.50 to $60.50 in a research note on Thursday, October 17th. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Spire currently has a consensus rating of “Hold” and a consensus target price of $66.19.

Insider Buying and Selling at Spire

In other news, VP Gerard J. Gorla sold 500 shares of the stock in a transaction dated Thursday, August 22nd. The shares were 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 owns 7,311 shares in the company, valued at approximately $473,899.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Gerard J. Gorla sold 500 shares of the company’s stock in a transaction that occurred 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 owns 7,311 shares in the company, valued at $473,899.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Maria V. Fogarty sold 6,590 shares of Spire stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $65.15, for a total transaction of $429,338.50. Following the completion of the transaction, the director now owns 9,800 shares in the company, valued at approximately $638,470. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.86% of the stock is currently owned by company insiders.

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.