Shares of Spire Inc (NYSE:SR) have been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $75.00.
SR has been the topic of a number of research reports. Stifel Nicolaus upped their target price on Spire from $71.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, November 16th. Morgan Stanley lifted their target price on Spire from $73.00 to $75.00 and gave the company an “underweight” rating in a research report on Friday, September 8th. Royal Bank Of Canada reissued a “hold” rating and set a $73.00 price objective on shares of Spire in a research note on Monday, October 16th. J P Morgan Chase & Co upped their target price on shares of Spire from $71.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, October 12th. Finally, Zacks Investment Research raised shares of Spire from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research report on Wednesday, October 4th.
Shares of Spire (SR) opened at $82.25 on Friday. The firm has a market cap of $3,863.76, a PE ratio of 21.99, a P/E/G ratio of 4.04 and a beta of 0.30. Spire has a 1 year low of $62.33 and a 1 year high of $82.38. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.46.
Spire (NYSE:SR) last released its quarterly earnings data on Wednesday, November 15th. The utilities provider reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.04. The company had revenue of $258.70 million during the quarter, compared to analysts’ expectations of $271.65 million. Spire had a net margin of 9.28% and a return on equity of 8.71%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.32) earnings per share. equities research analysts predict that Spire will post 3.71 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Monday, December 11th will be issued a $0.5625 dividend. The ex-dividend date is Friday, December 8th. This represents a $2.25 annualized dividend and a yield of 2.74%. This is an increase from Spire’s previous quarterly dividend of $0.53. Spire’s dividend payout ratio is presently 59.66%.
A number of hedge funds have recently bought and sold shares of SR. Chicago Partners Investment Group LLC acquired a new stake in Spire during the 3rd quarter worth about $209,000. Americafirst Capital Management LLC acquired a new position in shares of Spire in the 3rd quarter valued at about $451,000. Sterling Capital Management LLC acquired a new position in shares of Spire in the 3rd quarter valued at about $1,486,000. Neuberger Berman Group LLC acquired a new position in shares of Spire in the 3rd quarter valued at about $219,000. Finally, California Public Employees Retirement System increased its holdings in shares of Spire by 14.8% in the 3rd quarter. California Public Employees Retirement System now owns 105,724 shares of the utilities provider’s stock valued at $7,892,000 after purchasing an additional 13,624 shares during the period. 80.17% of the stock is owned by institutional investors and hedge funds.
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Spire Company Profile
Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.
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