Dean Capital Investments Management LLC Has $583,000 Position in Spire Inc (NYSE:SR)

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Dean Capital Investments Management LLC grew its holdings in Spire Inc (NYSE:SR) by 23.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,686 shares of the utilities provider’s stock after purchasing an additional 1,262 shares during the quarter. Dean Capital Investments Management LLC’s holdings in Spire were worth $583,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in shares of Spire during the third quarter worth $497,000. Tower Research Capital LLC TRC lifted its stake in shares of Spire by 42.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,105 shares of the utilities provider’s stock valued at $97,000 after buying an additional 329 shares in the last quarter. Knuff & Co LLC bought a new position in shares of Spire in the third quarter valued at $27,000. Reilly Herbert Faulkner III lifted its stake in shares of Spire by 1.0% in the third quarter. Reilly Herbert Faulkner III now owns 68,812 shares of the utilities provider’s stock valued at $6,003,000 after buying an additional 650 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in shares of Spire by 18.2% in the third quarter. Eagle Asset Management Inc. now owns 175,900 shares of the utilities provider’s stock valued at $15,345,000 after buying an additional 27,052 shares in the last quarter. 79.38% of the stock is currently owned by institutional investors.

SR has been the topic of a number of recent research reports. Wells Fargo & Co raised their price objective on shares of Spire from $89.00 to $90.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Morgan Stanley dropped their price objective on shares of Spire from $83.00 to $81.00 and set an “underweight” rating on the stock in a research note on Friday. Zacks Investment Research raised shares of Spire from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Wednesday, October 30th. Finally, ValuEngine lowered shares of Spire from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Spire presently has a consensus rating of “Hold” and an average target price of $84.50.

Shares of SR traded down $0.07 during trading hours on Tuesday, reaching $80.83. 12,392 shares of the stock traded hands, compared to its average volume of 166,328. The company has a current ratio of 0.53, a quick ratio of 0.40 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $84.52 and a 200 day simple moving average of $84.29. Spire Inc has a 52 week low of $70.53 and a 52 week high of $88.00. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 3.79 and a beta of 0.15.

In other news, EVP Steven P. Rasche purchased 1,108 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of $27.20 per share, with a total value of $30,137.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by company insiders.

Spire Company Profile

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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Institutional Ownership by Quarter for Spire (NYSE:SR)

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