Spire Inc (NYSE:SR)’s share price fell 5.9% during trading on Wednesday . The company traded as low as $74.34 and last traded at $75.54, 1,069,227 shares changed hands during trading. An increase of 293% from the average session volume of 272,257 shares. The stock had previously closed at $80.31.
Several brokerages have recently weighed in on SR. ValuEngine upgraded Spire from a “hold” rating to a “buy” rating in a report on Tuesday. Morgan Stanley dropped their target price on Spire from $83.00 to $81.00 and set an “underweight” rating on the stock in a report on Friday, November 8th. Wells Fargo & Co increased their price target on Spire from $89.00 to $90.00 and gave the company a “market perform” rating in a research report on Friday, September 6th. Finally, Zacks Investment Research upgraded Spire from a “sell” rating to a “hold” rating in a research note on Saturday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $84.50.
The firm has a market capitalization of $4.00 billion, a P/E ratio of 20.31, a PEG ratio of 3.80 and a beta of 0.15. The firm’s 50 day moving average is $83.32 and its two-hundred day moving average is $84.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.53 and a quick ratio of 0.40.
Institutional investors and hedge funds have recently made changes to their positions in the company. Knuff & Co LLC bought a new stake in shares of Spire in the 3rd quarter valued at about $27,000. Nomura Asset Management Co. Ltd. acquired a new position in Spire during the second quarter worth approximately $39,000. Point72 Asset Management L.P. acquired a new position in Spire during the second quarter worth approximately $50,000. Krane Funds Advisors LLC bought a new stake in Spire in the second quarter valued at approximately $58,000. Finally, Point72 Hong Kong Ltd bought a new stake in Spire in the second quarter valued at approximately $70,000. 79.66% of the stock is owned by institutional investors.
Spire Company Profile (NYSE:SR)
Spire Inc, through 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 marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.
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