Spire (NYSE:SR) Stock Breaks Below 50-Day Moving Average – Should You Sell?

by · The Cerbat Gem

Spire Inc. (NYSE:SR – Get Free Report) shares crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $80.60 and traded as low as $80.43. Spire shares last traded at $82.2150, with a volume of 456,344 shares trading hands.

Analyst Ratings Changes

A number of brokerages have commented on SR. Morgan Stanley lowered their target price on Spire from $91.00 to $88.00 and set an “overweight” rating on the stock in a research note on Friday, September 18th. Scotiabank initiated coverage on Spire in a research note on Tuesday, September 29th. They set a “sector perform” rating and a $79.00 price target for the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $85.00 price target (up from $84.00) on shares of Spire in a research note on Friday, June 26th. Wall Street Zen upgraded Spire from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded Spire from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.50.

Read Our Latest Analysis on Spire

Spire Price Performance

The company’s 50-day simple moving average is $80.60 and its 200 day simple moving average is $83.08. The company has a market capitalization of $4.86 billion, a P/E ratio of 9.17, a P/E/G ratio of 1.34 and a beta of 0.52. The company has a quick ratio of 0.27, a current ratio of 0.37 and a debt-to-equity ratio of 1.61.

Spire (NYSE:SR – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.06. Spire had a net margin of 21.48% and a return on equity of 8.65%. The business had revenue of $420.20 million for the quarter, compared to the consensus estimate of $394.62 million. During the same quarter last year, the firm earned $0.01 EPS. Spire’s revenue for the quarter was up 19.2% on a year-over-year basis. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. As a group, sell-side analysts expect that Spire Inc. will post 4.00 earnings per share for the current fiscal year.

Spire Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were given a dividend of $0.8250 per share. This represents a $3.30 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, September 11th. Spire’s dividend payout ratio is presently 36.79%.

Hedge Funds Weigh In On Spire

Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new stake in Spire in the 1st quarter valued at approximately $3,631,000. Congress Asset Management Co. increased its position in Spire by 20.9% in the 3rd quarter. Congress Asset Management Co. now owns 87,825 shares of the utilities provider’s stock worth $6,683,000 after buying an additional 15,189 shares during the period. Quantinno Capital Management LP increased its position in Spire by 104.7% in the 1st quarter. Quantinno Capital Management LP now owns 45,257 shares of the utilities provider’s stock worth $4,098,000 after buying an additional 23,149 shares during the period. Hennessy Advisors Inc. increased its position in Spire by 15.7% in the 2nd quarter. Hennessy Advisors Inc. now owns 60,441 shares of the utilities provider’s stock worth $4,720,000 after buying an additional 8,200 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in shares of Spire during the fourth quarter worth approximately $1,490,000. 87.36% of the stock is currently owned by institutional investors.

About Spire

(Get Free Report)

Spire Inc is a diversified natural gas company headquartered in St. Louis, Missouri. Through its regulated utility operations, the company distributes natural gas to residential, commercial, and industrial customers in Missouri and Alabama.

Spire’s business includes natural gas distribution, gas storage and transportation, and related energy services. Its operations also include natural gas marketing and midstream activities, which support the delivery and management of natural gas for utility and other customers.

The company traces its history to 1857, when it was established as Laclede Gas Light Company.

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