Chicago Partners Investment Group LLC Invests $206,000 in Spire Inc. (NYSE:SR)

Chicago Partners Investment Group LLC bought a new stake in Spire Inc. (NYSE:SRFree Report) in the third quarter, HoldingsChannel reports. The fund bought 3,135 shares of the utilities provider’s stock, valued at approximately $206,000.

A number of other institutional investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its holdings in shares of Spire by 4.8% in the 1st quarter. State of Alaska Department of Revenue now owns 5,958 shares of the utilities provider’s stock valued at $365,000 after purchasing an additional 275 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Spire in the 1st quarter worth $451,000. Fidelis Capital Partners LLC acquired a new position in Spire in the first quarter valued at $37,000. Csenge Advisory Group grew its position in Spire by 14.2% during the first quarter. Csenge Advisory Group now owns 6,216 shares of the utilities provider’s stock valued at $381,000 after acquiring an additional 775 shares during the period. Finally, Texas Permanent School Fund Corp increased its stake in Spire by 5.9% during the first quarter. Texas Permanent School Fund Corp now owns 48,048 shares of the utilities provider’s stock worth $2,949,000 after acquiring an additional 2,670 shares during the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. LADENBURG THALM/SH SH lowered Spire from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $65.50 to $60.50 in a research note on Thursday, October 17th. Wells Fargo & Company lifted their price target on shares of Spire from $72.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Stifel Nicolaus increased 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. Finally, Morgan Stanley lifted their target price on shares of Spire from $70.00 to $76.00 and gave the company an “equal weight” rating in a 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 given a buy rating to the company. According to MarketBeat.com, Spire has an average rating of “Hold” and an average price target of $66.19.

View Our Latest Research Report on Spire

Spire Stock Performance

Spire stock opened at $62.81 on Wednesday. Spire Inc. has a 12-month low of $56.36 and a 12-month 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 company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 2.76 and a beta of 0.52. The firm’s fifty day moving average price is $65.52 and its 200 day moving average price is $63.37.

Insider Transactions at Spire

In related news, VP Gerard J. Gorla sold 500 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $64.82, for a total value of $32,410.00. Following the completion of the transaction, the vice president now owns 7,311 shares of the company’s stock, valued at approximately $473,899.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.86% of the company’s stock.

Spire Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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