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Cullen Capital Management LLC has purchased shares of Spire Inc. (NYSE:SR).

Cullen Capital Management LLC has purchased shares of Spire Inc. (NYSE:SR).

Cullen Capital Management LLC disclosed in its most recent filing with the Securities and Exchange Commission that it increased its position in Spire INC (NYSE: SR) by 155.2 percent during the third quarter.

This information was included in the filing (SEC).

The utility provider now has 11,413 shares of the company’s stock, thanks to the additional 6,940 shares purchased during the period in question. When the most recent reporting period closed, Cullen Capital Management LLC had Spire under management for $711,000.

Alterations have been made to the SR positions taken by various other hedge funds.

During the second quarter, Texas Permanent School Fund increased the amount of Spire stock owned by 2.7%, bringing the total amount of stock it owned to a total of 1.1%.

The recent purchase of 985 additional shares by the Texas Permanent School Fund brought the total number of shares it owns in this company to 37,673, which resulted in an increase in the value of its holdings in the stock of the utility provider by $2,802,000.

This increase was because the value of the Texas Permanent School Fund’s holdings in the stock increased. Commonwealth Equity Services LLC grew its ownership of Spire by 15.4% during the second quarter.

After the end of the previous quarter, Commonwealth Equity Services LLC now owns 11,739 shares in the utility provider, with a total value of $873,000.

During the second quarter, Quadrant Capital Group LLC increased the percentage of Spire shares it owned by 47.1%.

As a result of the company’s purchase of 186 additional shares during the most recent quarter, the value of the holdings that Quadrant Capital Group LLC has in the stock of the utility provider has increased to $43,000, bringing the total value of those holdings to a total of $43,000.

During the second quarter, Y Intercept Hong Kong Ltd acquired a 73.9% stake in Spire, bringing its total ownership to 100%.

After purchasing an additional 2,240 shares during the period in question, Y Intercept Hong Kong Ltd now owns a total of 5,273 shares of the utilities provider’s stock worth $392,000.

During the third quarter, Thompson, Siegel & Walmsley LLC increased the Spire stock it owns by 5.6%, making this the last and most important point. Following the purchase of 6,991 additional shares throughout the period, Thompson, Siegel & Walmsley LLC now holds a total of 130,930 shares of the utility service provider’s stock, which has a market value of $8,161,000.

The vast majority of the company’s shares, or 99.86%, are owned by institutional investors and hedge funds.
SR has been the subject of several published research studies. Guggenheim upgraded Spire from a “neutral” rating to an “outperform” rating and increased their target price on the stock from $61.00 to $63.00 in a research note published on Wednesday, December 7.

TheStreet upped their rating on shares of Spire from “c+” to “b” in a research report released on Friday, February 3.

Bank of America changed its recommendation for Spire on December 12 from “neutral” to “underperform” in a research note published that day.

In addition, they lowered the price target that they had set for the stock, which had previously been $78.00, to $61.00.

In a research note released on Monday, Stifel Nicolaus upped their target price for Spire from $73 to $75 while downgrading it from a “buy” rating to a “hold.” The last information released is that JPMorgan Chase & Co has downgraded its rating on Spire shares from “overweight” to “neutral” and has set a target price of $69 for the company.

An academic note was released on Monday, December 5.

The stock has been classified as a sell by one research analyst and a hold by nine others.

Based on information from, the stock is currently rated “Hold” on average, and analysts have established a price objective for the stock with a consensus value of $70.25 as their target price.
Shares of SR started trading at $71.68 on Friday.

The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 15.48, an earnings-per-share growth rate of 4.10, and a beta of 0.46. Spire INC reached an all-time low of $61.52 and an all-time high of $79.24 during the past year.

There is a difference between the current and quick ratios, respectively 0.68 and 1.20.


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