Spire Inc. (NYSE:SR) Receives $92.78 Average PT from Analysts

Spire Inc. (NYSE:SR) has earned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $92.7778.

Several research firms have recently weighed in on SR. UBS Group lifted their target price on Spire from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $99.00 price target on shares of Spire in a research note on Wednesday, January 21st. Stifel Nicolaus lifted their price objective on shares of Spire from $81.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Morgan Stanley reissued an “overweight” rating and issued a $100.00 price objective on shares of Spire in a research report on Friday, February 20th. Finally, Weiss Ratings upgraded shares of Spire from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th.

Institutional Investors Weigh In On Spire

Several hedge funds have recently made changes to their positions in the company. Community Bank N.A. purchased a new position in shares of Spire during the third quarter valued at $25,000. Sound Income Strategies LLC purchased a new stake in Spire in the fourth quarter worth about $25,000. Optima Capital LLC purchased a new stake in Spire in the fourth quarter worth about $25,000. Los Angeles Capital Management LLC bought a new position in Spire during the 4th quarter worth about $25,000. Finally, Smartleaf Asset Management LLC grew its holdings in Spire by 186.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 370 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 241 shares in the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Spire Trading Down 0.5%

SR opened at $92.13 on Thursday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.45 and a current ratio of 0.61. The stock’s 50 day moving average price is $90.96 and its 200-day moving average price is $86.88. Spire has a one year low of $69.94 and a one year high of $95.31. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 1.53 and a beta of 0.60.

Spire (NYSE:SR) last issued its quarterly earnings results on Tuesday, February 3rd. The utilities provider reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.15. Spire had a return on equity of 9.43% and a net margin of 10.95%.The firm had revenue of $762.20 million during the quarter, compared to analyst estimates of $785.54 million. During the same period last year, the company earned $1.34 EPS. Spire’s quarterly revenue was up 13.9% compared to the same quarter last year. Spire has set its FY 2027 guidance at 5.650-5.850 EPS and its FY 2026 guidance at 5.250-5.450 EPS. On average, equities analysts forecast that Spire will post 4.5 EPS for the current year.

Spire Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 11th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 3.6%. The ex-dividend date was Wednesday, March 11th. Spire’s dividend payout ratio (DPR) is presently 71.74%.

About Spire

Spire Inc (NYSE: SR), formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire’s service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.

Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.