Spire (NYSE:SR) Price Target Raised to $65.00 at Mizuho

Spire (NYSE:SR) had its price target lifted by equities researchers at Mizuho from $62.00 to $65.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the utilities provider’s stock. Mizuho’s target price suggests a potential downside of 4.68% from the company’s previous close.

Several other research firms have also issued reports on SR. Morgan Stanley boosted their target price on Spire from $70.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. LADENBURG THALM/SH SH cut 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 report on Thursday, October 17th. Wells Fargo & Company upped 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, Stifel Nicolaus lifted their price target on shares of Spire from $64.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $66.56.

Spire Stock Up 1.8 %

Shares of Spire stock opened at $68.19 on Tuesday. The business has a fifty day simple moving average of $65.49 and a 200 day simple moving average of $63.59. The stock has a market cap of $3.94 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.96 and a beta of 0.52. The company has a quick ratio of 0.35, a current ratio of 0.48 and a debt-to-equity ratio of 1.11. Spire has a 12 month low of $56.36 and a 12 month high of $68.35.

Insider Activity at Spire

In other Spire news, VP Gerard J. Gorla sold 500 shares of the company’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 transaction 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 $473,899.02. This represents a 6.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Spire

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new position in shares of Spire in the 3rd quarter valued at about $25,000. International Assets Investment Management LLC acquired a new position in shares of Spire during the 2nd quarter worth approximately $31,000. LRI Investments LLC acquired a new position in shares of Spire during the 1st quarter worth approximately $35,000. Larson Financial Group LLC raised its stake in shares of Spire by 1,318.4% during the 3rd quarter. Larson Financial Group LLC now owns 539 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 501 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Spire in the 1st quarter valued at approximately $47,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Spire Company 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.