Jupiter Asset Management Ltd. Acquires 244,998 Shares of Spire Inc. $SR

Jupiter Asset Management Ltd. lifted its holdings in shares of Spire Inc. (NYSE:SR) by 212.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 360,466 shares of the utilities provider’s stock after purchasing an additional 244,998 shares during the quarter. Jupiter Asset Management Ltd. owned 0.61% of Spire worth $26,310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in Spire by 1,957.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 432 shares of the utilities provider’s stock worth $32,000 after buying an additional 411 shares during the period. Quarry LP acquired a new stake in shares of Spire during the first quarter worth $50,000. Bayforest Capital Ltd lifted its position in Spire by 2,648.0% in the 1st quarter. Bayforest Capital Ltd now owns 687 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 662 shares in the last quarter. Parallel Advisors LLC lifted its position in Spire by 75.2% in the 2nd quarter. Parallel Advisors LLC now owns 785 shares of the utilities provider’s stock valued at $57,000 after acquiring an additional 337 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Spire by 21.7% in the 1st quarter. Signaturefd LLC now owns 914 shares of the utilities provider’s stock worth $72,000 after purchasing an additional 163 shares during the period. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SR shares. Mizuho lifted their price target on Spire from $83.00 to $93.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. UBS Group boosted their target price on Spire from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Bank of America raised shares of Spire from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $76.00 to $89.00 in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Spire in a report on Wednesday, October 8th. Finally, BTIG Research upgraded shares of Spire to a “strong-buy” rating in a report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.08.

Spire Trading Up 0.0%

SR stock opened at $90.79 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.37 and a quick ratio of 0.27. The company has a fifty day moving average price of $82.73 and a two-hundred day moving average price of $77.61. Spire Inc. has a one year low of $64.44 and a one year high of $91.11. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 2.50 and a beta of 0.72.

About Spire

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.