Spire Inc. $SR Stock Position Lessened by ProShare Advisors LLC

ProShare Advisors LLC trimmed its holdings in shares of Spire Inc. (NYSE:SR) by 4.3% during the second quarter, Holdings Channel.com reports. The firm owned 523,682 shares of the utilities provider’s stock after selling 23,312 shares during the quarter. ProShare Advisors LLC’s holdings in Spire were worth $38,224,000 as of its most recent filing with the SEC.

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

Spire Stock Performance

Shares of NYSE SR opened at $89.57 on Tuesday. The stock’s fifty day simple moving average is $82.11 and its 200 day simple moving average is $77.42. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 2.50 and a beta of 0.72. The company has a quick ratio of 0.27, a current ratio of 0.37 and a debt-to-equity ratio of 1.08. Spire Inc. has a 52-week low of $64.44 and a 52-week high of $90.27.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SR shares. UBS Group lifted their price target on Spire from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Spire in a research note on Wednesday, October 8th. Stifel Nicolaus set a $81.00 price target on shares of Spire and gave the stock a “hold” rating in a research report on Tuesday, July 15th. Morgan Stanley set a $91.00 price target on shares of Spire and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, Jefferies Financial Group upgraded shares of Spire to a “strong-buy” rating in a research report on Tuesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.08.

Spire 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.