Spire Inc. (SR) Holdings Lifted by State Street Corp

State Street Corp raised its holdings in shares of Spire Inc. (NYSE:SR) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,236,031 shares of the utilities provider’s stock after acquiring an additional 67,106 shares during the quarter. State Street Corp owned approximately 2.56% of Spire worth $86,214,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. UBS Asset Management Americas Inc. lifted its holdings in shares of Spire by 65.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 37,182 shares of the utilities provider’s stock valued at $2,510,000 after buying an additional 14,738 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Spire by 25.1% during the 1st quarter. OppenheimerFunds Inc. now owns 19,109 shares of the utilities provider’s stock valued at $1,290,000 after buying an additional 3,833 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Spire by 2.4% during the 1st quarter. Teachers Advisors LLC now owns 82,235 shares of the utilities provider’s stock valued at $5,551,000 after buying an additional 1,907 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Spire by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 4,219,000 shares of the utilities provider’s stock valued at $284,783,000 after buying an additional 216,388 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Spire by 19.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,009 shares of the utilities provider’s stock valued at $271,000 after buying an additional 654 shares during the last quarter. 79.53% of the stock is currently owned by institutional investors.

Spire Inc. (NYSE:SR) traded down $0.45 on Friday, reaching $77.85. The company had a trading volume of 112,000 shares, compared to its average volume of 186,697. Spire Inc. has a 12-month low of $61.40 and a 12-month high of $79.60. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 0.95. The firm has a market cap of $3,778.92, a price-to-earnings ratio of 22.12, a P/E/G ratio of 3.97 and a beta of 0.30.

SR has been the subject of several research reports. Stifel Nicolaus reiterated a “hold” rating and set a $71.00 price target on shares of Spire in a report on Thursday, August 3rd. Royal Bank of Canada reiterated a “hold” rating and set a $73.00 price target on shares of Spire in a report on Wednesday, August 9th. Morgan Stanley lifted their price target on Spire from $68.00 to $73.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded Spire from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Wednesday, October 4th. Finally, J P Morgan Chase & Co lifted their price target on Spire from $71.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $74.33.

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About Spire

Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.

Institutional Ownership by Quarter for Spire (NYSE:SR)

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