Leeward Investments LLC MA Sells 412 Shares of Spire Inc. (NYSE:SR)

Leeward Investments LLC MA lowered its stake in Spire Inc. (NYSE:SR) by 0.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 123,287 shares of the utilities provider’s stock after selling 412 shares during the quarter. Leeward Investments LLC MA owned 0.21% of Spire worth $8,296,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp lifted its position in Spire by 12.7% in the third quarter. Van ECK Associates Corp now owns 15,617 shares of the utilities provider’s stock valued at $1,028,000 after purchasing an additional 1,760 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Spire during the third quarter valued at approximately $787,000. Chicago Partners Investment Group LLC purchased a new position in shares of Spire during the third quarter valued at approximately $206,000. Nisa Investment Advisors LLC increased its stake in shares of Spire by 4.7% during the third quarter. Nisa Investment Advisors LLC now owns 11,756 shares of the utilities provider’s stock valued at $800,000 after buying an additional 531 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Spire by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 6,733 shares of the utilities provider’s stock valued at $453,000 after buying an additional 455 shares during the period. Institutional investors own 87.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SR shares. Wells Fargo & Company boosted their target price on Spire from $72.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Morgan Stanley upped their price target on Spire from $70.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Stifel Nicolaus upped their price target on Spire from $64.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, LADENBURG THALM/SH SH cut Spire from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $65.50 to $60.50 in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Spire has an average rating of “Hold” and an average target price of $66.19.

Spire Trading Down 1.8 %

Spire stock opened at $63.94 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.35 and a debt-to-equity ratio of 1.11. The business’s fifty day simple moving average is $65.49 and its two-hundred day simple moving average is $63.38. Spire Inc. has a 12 month low of $56.36 and a 12 month high of $68.02. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 2.75 and a beta of 0.52.

Insiders Place Their Bets

In other Spire news, VP Gerard J. Gorla sold 500 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $64.82, for a total value of $32,410.00. Following the sale, the vice president now directly owns 7,311 shares of the company’s stock, valued at approximately $473,899.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.86% of the company’s stock.

Spire Company 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.