Amalgamated Bank Sells 1,616 Shares of Spire Inc. (NYSE:SR)

Amalgamated Bank decreased its stake in shares of Spire Inc. (NYSE:SR) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,244 shares of the utilities provider’s stock after selling 1,616 shares during the period. Amalgamated Bank’s holdings in Spire were worth $1,766,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. grew its stake in shares of Spire by 197.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 162,195 shares of the utilities provider’s stock worth $9,850,000 after acquiring an additional 107,662 shares in the last quarter. AQR Capital Management LLC grew its position in Spire by 290.9% in the 2nd quarter. AQR Capital Management LLC now owns 130,827 shares of the utilities provider’s stock worth $7,877,000 after purchasing an additional 97,358 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in Spire in the 1st quarter valued at about $4,488,000. Dimensional Fund Advisors LP boosted its stake in shares of Spire by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 944,387 shares of the utilities provider’s stock worth $57,351,000 after buying an additional 72,119 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Spire by 11.0% in the second quarter. Victory Capital Management Inc. now owns 698,819 shares of the utilities provider’s stock valued at $42,439,000 after acquiring an additional 69,020 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on SR shares. Stifel Nicolaus lifted their price target on Spire from $64.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. LADENBURG THALM/SH SH downgraded shares of Spire from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $65.50 to $60.50 in a report on Thursday, October 17th. Morgan Stanley boosted their target price on shares of Spire from $70.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company upped their price objective on Spire from $72.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $66.19.

Spire Stock Performance

Shares of SR opened at $66.12 on Wednesday. Spire Inc. has a 52-week low of $56.36 and a 52-week high of $68.02. The stock’s 50-day simple moving average is $65.46 and its 200 day simple moving average is $63.46. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.35 and a current ratio of 0.48. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 2.85 and a beta of 0.52.

Insider Activity

In other news, VP Gerard J. Gorla sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 directly owns 7,311 shares in the company, valued at approximately $473,899.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.86% of the company’s stock.

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.