Missouri Trust & Investment Co Purchases 200 Shares of Spire Inc. (NYSE:SR)

Missouri Trust & Investment Co boosted its position in Spire Inc. (NYSE:SR) by 28.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 900 shares of the utilities provider’s stock after purchasing an additional 200 shares during the period. Missouri Trust & Investment Co’s holdings in Spire were worth $61,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new position in shares of Spire in the second quarter worth approximately $2,233,000. Clearbridge Investments LLC bought a new position in shares of Spire in the first quarter worth approximately $2,401,000. Assenagon Asset Management S.A. increased its stake in shares of Spire by 197.4% in the second quarter. Assenagon Asset Management S.A. now owns 162,195 shares of the utilities provider’s stock worth $9,850,000 after purchasing an additional 107,662 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Spire by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 5,626,863 shares of the utilities provider’s stock valued at $345,321,000 after purchasing an additional 65,486 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Spire by 116.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,025 shares of the utilities provider’s stock valued at $1,886,000 after buying an additional 15,060 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SR has been the subject of a number of analyst reports. Stifel Nicolaus increased their price target on Spire from $64.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley upped their price target on Spire from $70.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company raised their target price on shares of 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 cut shares of Spire from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $65.50 to $60.50 in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $66.19.

Spire Price Performance

Shares of Spire stock traded up $1.07 during trading hours on Tuesday, reaching $67.15. The company’s stock had a trading volume of 22,769 shares, compared to its average volume of 415,115. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.48 and a quick ratio of 0.35. Spire Inc. has a one year low of $56.36 and a one year high of $68.02. The firm has a 50 day moving average price of $65.46 and a 200-day moving average price of $63.43. The stock has a market cap of $3.88 billion, a P/E ratio of 15.87, a P/E/G ratio of 2.85 and a beta of 0.52.

Insiders Place Their Bets

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 stock was sold at an average price of $64.82, for a total value of $32,410.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.86% of the stock is currently owned by insiders.

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.