Martingale Asset Management L P Decreases Stock Holdings in Spire Inc. (NYSE:SR)

Martingale Asset Management L P decreased its holdings in Spire Inc. (NYSE:SRGet Rating) by 45.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,708 shares of the utilities provider’s stock after selling 3,900 shares during the period. Martingale Asset Management L P’s holdings in Spire were worth $351,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SR. State Street Corp raised its position in Spire by 34.1% in the 1st quarter. State Street Corp now owns 2,252,151 shares of the utilities provider’s stock worth $163,065,000 after buying an additional 572,381 shares during the last quarter. Invesco Ltd. increased its position in shares of Spire by 68.0% during the 1st quarter. Invesco Ltd. now owns 762,483 shares of the utilities provider’s stock valued at $54,715,000 after purchasing an additional 308,550 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Spire by 20.7% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,600,914 shares of the utilities provider’s stock valued at $114,882,000 after purchasing an additional 274,260 shares during the last quarter. Leeward Investments LLC MA purchased a new stake in shares of Spire during the 1st quarter valued at about $10,817,000. Finally, Renaissance Technologies LLC increased its position in shares of Spire by 2,941.9% during the 1st quarter. Renaissance Technologies LLC now owns 130,800 shares of the utilities provider’s stock valued at $9,386,000 after purchasing an additional 126,500 shares during the last quarter. Hedge funds and other institutional investors own 95.64% of the company’s stock.

Spire Trading Up 0.5 %

SR stock opened at $73.66 on Thursday. Spire Inc. has a 1-year low of $59.60 and a 1-year high of $79.24. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.68 and a quick ratio of 0.50. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 3.31 and a beta of 0.39. The business has a 50 day simple moving average of $67.34 and a two-hundred day simple moving average of $71.47.

Spire Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Monday, December 12th will be paid a $0.14 dividend. The ex-dividend date is Friday, December 9th. This represents a $0.56 annualized dividend and a yield of 0.76%. Spire’s payout ratio is 68.84%.

Analyst Ratings Changes

Several research firms have recently commented on SR. Wells Fargo & Company reduced their price target on shares of Spire from $78.00 to $71.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 19th. Morgan Stanley upped their price target on shares of Spire to $73.00 in a research report on Wednesday, November 16th. JPMorgan Chase & Co. raised shares of Spire from a “neutral” rating to an “overweight” rating and upped their price target for the company from $74.00 to $78.00 in a research report on Friday, September 9th. TheStreet lowered shares of Spire from a “b-” rating to a “c+” rating in a research report on Monday, September 26th. Finally, StockNews.com raised shares of Spire from a “sell” rating to a “hold” rating in a report on Thursday, November 17th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $73.33.

About Spire

(Get Rating)

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 two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of natural gas.

Further Reading

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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