Entropy Technologies LP Grows Stock Holdings in Spire Inc. (NYSE:SR)

Entropy Technologies LP raised its position in Spire Inc. (NYSE:SR) by 175.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,637 shares of the utilities provider’s stock after acquiring an additional 9,962 shares during the quarter. Entropy Technologies LP’s holdings in Spire were worth $1,052,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Meritage Portfolio Management bought a new position in Spire in the 3rd quarter worth $3,086,000. Crossmark Global Holdings Inc. grew its stake in shares of Spire by 5.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,572 shares of the utilities provider’s stock valued at $240,000 after acquiring an additional 177 shares during the period. Verdence Capital Advisors LLC increased its holdings in Spire by 4.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,327 shares of the utilities provider’s stock worth $358,000 after acquiring an additional 228 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in Spire during the 3rd quarter worth approximately $381,000. Finally, Van ECK Associates Corp lifted its holdings in Spire by 12.7% during the third quarter. Van ECK Associates Corp now owns 15,617 shares of the utilities provider’s stock valued at $1,028,000 after purchasing an additional 1,760 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

Insider Buying and Selling

In related news, VP Gerard J. Gorla sold 500 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $64.82, for a total value of $32,410.00. Following the completion of the transaction, the vice president now owns 7,311 shares of the company’s stock, valued at approximately $473,899.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.86% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on SR shares. LADENBURG THALM/SH SH downgraded shares of Spire from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $65.50 to $60.50 in a research report on Thursday, October 17th. Stifel Nicolaus raised their price target on Spire from $64.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Morgan Stanley upped their price objective on Spire from $70.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company lifted their target price on Spire from $72.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Spire currently has an average rating of “Hold” and a consensus price target of $66.19.

Spire Stock Down 0.7 %

Shares of SR opened at $65.69 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.48 and a quick ratio of 0.35. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 2.92 and a beta of 0.52. Spire Inc. has a 1 year low of $56.36 and a 1 year high of $68.02. The business’s 50 day simple moving average is $65.46 and its 200-day simple moving average is $63.49.

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.