Spire (NYSE:SR) Upgraded at StockNews.com

by · The Cerbat Gem

Spire (NYSE:SR – Get Free Report) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Several other research analysts also recently weighed in on SR. Morgan Stanley dropped their price target on Spire from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. UBS Group upped their price target on Spire from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company upped their price target on Spire from $73.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Bank of America assumed coverage on Spire in a research note on Friday, December 13th. They issued a “neutral” rating and a $70.00 price target for the company. Finally, Janney Montgomery Scott assumed coverage on Spire in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $73.00 price target for the company. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $74.00.

Get Our Latest Research Report on SR

Spire Stock Performance

Shares of NYSE:SR traded up $0.15 during mid-day trading on Tuesday, reaching $76.42. 434,511 shares of the company traded hands, compared to its average volume of 341,461. The company’s 50 day moving average price is $72.69 and its 200-day moving average price is $68.97. The firm has a market cap of $4.46 billion, a PE ratio of 18.50, a PEG ratio of 2.82 and a beta of 0.53. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.50 and a quick ratio of 0.37. Spire has a 52 week low of $57.27 and a 52 week high of $78.80.

Spire (NYSE:SR – Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.08). Spire had a net margin of 9.70% and a return on equity of 7.88%. On average, equities analysts expect that Spire will post 4.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of Spire during the 3rd quarter valued at approximately $25,000. Golden State Wealth Management LLC purchased a new stake in Spire during the 4th quarter valued at $27,000. GAMMA Investing LLC raised its holdings in Spire by 87.2% during the 4th quarter. GAMMA Investing LLC now owns 438 shares of the utilities provider’s stock valued at $30,000 after buying an additional 204 shares during the period. Lee Danner & Bass Inc. purchased a new stake in Spire during the 4th quarter valued at $32,000. Finally, Larson Financial Group LLC raised its holdings in Spire by 1,318.4% during the 3rd quarter. Larson Financial Group LLC now owns 539 shares of the utilities provider’s stock valued at $36,000 after buying an additional 501 shares during the period. 87.36% of the stock is currently owned by institutional investors.

About Spire

(Get Free Report)

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.

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