Spire (NYSE:SR) Given New $65.00 Price Target at Mizuho

Spire (NYSE:SR) had its target price hoisted by equities research analysts at Mizuho from $62.00 to $65.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. Mizuho’s price objective suggests a potential downside of 4.68% from the stock’s current price.

Several other equities research analysts also recently issued reports on SR. Wells Fargo & Company raised their price target on Spire from $72.00 to $73.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Stifel Nicolaus raised their target price on shares of 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 shares of Spire from $70.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, LADENBURG THALM/SH SH cut shares of Spire from a “neutral” rating to a “sell” rating and lowered their price target for the company from $65.50 to $60.50 in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $66.56.

Spire Stock Performance

SR opened at $68.19 on Tuesday. 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. The business has a 50 day moving average of $65.49 and a 200-day moving average of $63.59. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.96 and a beta of 0.52.

Insider Transactions at Spire

In other news, VP Gerard J. Gorla sold 500 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 7,311 shares in the company, valued at approximately $473,899.02. This represents a 6.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.86% of the company’s stock.

Institutional Investors Weigh In On Spire

Several institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its holdings in shares of Spire by 7.2% during the 1st quarter. Russell Investments Group Ltd. now owns 63,966 shares of the utilities provider’s stock worth $3,926,000 after acquiring an additional 4,271 shares during the period. Vanguard Group Inc. lifted its stake in Spire by 1.2% during the first quarter. Vanguard Group Inc. now owns 5,626,863 shares of the utilities provider’s stock worth $345,321,000 after purchasing an additional 65,486 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Spire by 1.8% in the 1st quarter. Ameritas Investment Partners Inc. now owns 18,365 shares of the utilities provider’s stock valued at $1,127,000 after purchasing an additional 327 shares in the last quarter. Clearbridge Investments LLC bought a new position in shares of Spire in the 1st quarter valued at $2,401,000. Finally, American International Group Inc. raised its holdings in shares of Spire by 1.9% during the 1st quarter. American International Group Inc. now owns 98,081 shares of the utilities provider’s stock worth $6,019,000 after buying an additional 1,818 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

About Spire

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.