Hennessy Advisors Inc. decreased its holdings in shares of Spire Inc. (NYSE:SR) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 323,691 shares of the utilities provider’s stock after selling 21,800 shares during the period. Hennessy Advisors Inc. owned approximately 0.67% of Spire worth $24,164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SR. Teachers Advisors LLC increased its position in Spire by 2.4% during the 1st quarter. Teachers Advisors LLC now owns 82,235 shares of the utilities provider’s stock worth $5,551,000 after purchasing an additional 1,907 shares during the period. KCG Holdings Inc. increased its position in Spire by 18.3% during the 1st quarter. KCG Holdings Inc. now owns 7,024 shares of the utilities provider’s stock worth $474,000 after purchasing an additional 1,088 shares during the period. Schwab Charles Investment Management Inc. increased its position in Spire by 1.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 236,198 shares of the utilities provider’s stock worth $15,944,000 after purchasing an additional 2,958 shares during the period. Bank of America Corp DE increased its position in Spire by 58.2% during the 1st quarter. Bank of America Corp DE now owns 224,357 shares of the utilities provider’s stock worth $15,145,000 after purchasing an additional 82,551 shares during the period. Finally, State Street Corp increased its position in Spire by 7.0% during the 1st quarter. State Street Corp now owns 1,168,925 shares of the utilities provider’s stock worth $78,909,000 after purchasing an additional 76,134 shares during the period. Institutional investors own 79.53% of the company’s stock.

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Spire Inc. (SR) traded down $0.50 on Friday, hitting $77.80. The company had a trading volume of 4,634 shares, compared to its average volume of 186,194. The firm has a market cap of $3,790.98, a PE ratio of 22.19, a P/E/G ratio of 3.98 and a beta of 0.30. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 0.95. Spire Inc. has a 1-year low of $61.40 and a 1-year high of $79.60.

SR has been the topic of several recent analyst reports. Zacks Investment Research cut Spire from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Stifel Nicolaus restated a “hold” rating and issued a $71.00 price target on shares of Spire in a report on Thursday, August 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $73.00 price target on shares of Spire in a report on Wednesday, August 9th. Morgan Stanley upped their price target on Spire from $68.00 to $73.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. Finally, J P Morgan Chase & Co upped their price target on Spire from $71.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $74.33.

Spire Profile

Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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