Spire Inc. (NYSE:SR) Stock Has Average Price Target of $92.50 According to Analysts

by · The Markets Daily

Shares of Spire Inc. (NYSE:SR – Get Free Report) have been given a consensus rating of “Moderate Buy” by the fourteen research firms that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $92.50.

A number of equities research analysts recently issued reports on the company. Weiss Ratings lowered Spire from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Morgan Stanley cut their price objective on Spire from $91.00 to $88.00 and set an “overweight” rating on the stock in a research report on Friday, September 18th. Scotiabank assumed coverage on Spire in a research note on Tuesday, September 29th. They issued a “sector perform” rating and a $79.00 target price on the stock. BTIG Research reiterated a “buy” rating and set a $102.00 target price on shares of Spire in a research report on Monday, September 21st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $85.00 target price (up from $84.00) on shares of Spire in a research note on Friday, June 26th.

Get Our Latest Stock Report on Spire

Hedge Funds Weigh In On Spire

A number of hedge funds have recently added to or reduced their stakes in SR. BlackRock Inc. bought a new stake in shares of Spire during the second quarter valued at approximately $667,642,000. Geode Capital Management LLC lifted its holdings in shares of Spire by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 1,579,856 shares of the utilities provider’s stock worth $130,672,000 after buying an additional 47,106 shares during the period. Captrust Financial Advisors grew its position in shares of Spire by 1.7% during the 4th quarter. Captrust Financial Advisors now owns 1,240,395 shares of the utilities provider’s stock worth $102,581,000 after buying an additional 20,224 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Spire by 1.4% during the 2nd quarter. Wellington Management Group LLP now owns 667,616 shares of the utilities provider’s stock worth $52,134,000 after buying an additional 8,927 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Spire during the fourth quarter valued at $46,226,000. 87.36% of the stock is currently owned by institutional investors.

Spire Stock Performance

Shares of NYSE:SR opened at $77.46 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 1.61. Spire has a 12 month low of $74.84 and a 12 month high of $95.31. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 1.26 and a beta of 0.52. The firm’s 50-day moving average is $80.86 and its 200 day moving average is $83.74.

Spire (NYSE:SR – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.06. The business had revenue of $420.20 million during the quarter, compared to the consensus estimate of $394.62 million. Spire had a net margin of 21.48% and a return on equity of 8.65%. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 earnings per share. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. Research analysts predict that Spire will post 4 EPS for the current year.

Spire Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were issued a dividend of $0.8250 per share. The ex-dividend date was Friday, September 11th. This represents a $3.30 dividend on an annualized basis and a yield of 4.3%. Spire’s dividend payout ratio (DPR) is presently 36.79%.

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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