US Bancorp DE Has $1.28 Million Holdings in Spire Inc. (NYSE:SR)

US Bancorp DE lessened its stake in shares of Spire Inc. (NYSE:SR) by 27.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,995 shares of the utilities provider’s stock after selling 7,285 shares during the period. US Bancorp DE’s holdings in Spire were worth $1,278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in Spire by 26.8% during the 2nd quarter. Blue Trust Inc. now owns 761 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 161 shares in the last quarter. Creative Planning grew its stake in shares of Spire by 2.7% in the 3rd quarter. Creative Planning now owns 7,126 shares of the utilities provider’s stock valued at $480,000 after buying an additional 190 shares in the last quarter. State of Alaska Department of Revenue grew its stake 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 buying an additional 275 shares in the last quarter. Burney Co. grew its stake in shares of Spire by 8.9% in the 1st quarter. Burney Co. now owns 3,866 shares of the utilities provider’s stock valued at $237,000 after buying an additional 315 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Spire by 1.8% in the 1st quarter. Ameritas Investment Partners Inc. now owns 18,365 shares of the utilities provider’s stock valued at $1,127,000 after buying an additional 327 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, VP Gerard J. Gorla sold 500 shares of the firm’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 completion of the transaction, the vice president now directly owns 7,311 shares of the company’s stock, valued at $473,899.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.86% of the stock is owned by company insiders.

Spire Stock Down 1.8 %

SR opened at $63.94 on Friday. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 2.75 and a beta of 0.52. Spire Inc. has a 1-year low of $56.36 and a 1-year high of $68.02. The business has a 50 day moving average of $65.49 and a 200-day moving average of $63.38. The company has a current ratio of 0.48, a quick ratio of 0.35 and a debt-to-equity ratio of 1.11.

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.