Spire Inc. (NYSE:SR) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of Spire Inc. (NYSE:SR) have been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $92.91.

A number of analysts recently issued reports on the company. Weiss Ratings upgraded Spire from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Wall Street Zen upgraded Spire from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. raised their price objective on Spire from $85.00 to $86.00 and gave the stock a “neutral” rating in a report on Tuesday, October 20th. Morgan Stanley decreased their target price on Spire from $91.00 to $88.00 and set an “overweight” rating for the company in a research report on Friday, September 18th. Finally, Mizuho initiated coverage on Spire in a report on Tuesday, July 7th. They issued an “outperform” rating and a $88.00 target price for the company.

Spire Price Performance

Spire stock opened at $87.90 on Monday. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 1.44 and a beta of 0.50. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.37 and a quick ratio of 0.27. Spire has a 1 year low of $74.84 and a 1 year high of $95.31. The firm has a 50-day moving average of $81.05 and a two-hundred day moving average of $84.53.

Spire (NYSE:SR) last issued its earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.06. The business had revenue of $420.20 million for 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 company’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. On average, research analysts forecast that Spire will post 4.00 earnings per share for the current year.

Institutional Trading of Spire

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in shares of Spire during the 1st quarter worth $3,631,000. Congress Asset Management Co. boosted its position in Spire by 20.9% during the third quarter. Congress Asset Management Co. now owns 87,825 shares of the utilities provider’s stock valued at $6,683,000 after purchasing an additional 15,189 shares in the last quarter. Quantinno Capital Management LP grew its stake in Spire by 104.7% in the first quarter. Quantinno Capital Management LP now owns 45,257 shares of the utilities provider’s stock valued at $4,098,000 after purchasing an additional 23,149 shares during the last quarter. Hennessy Advisors Inc. grew its stake in Spire by 15.7% in the second quarter. Hennessy Advisors Inc. now owns 60,441 shares of the utilities provider’s stock valued at $4,720,000 after purchasing an additional 8,200 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Spire in the fourth quarter valued at about $1,490,000. 87.36% of the stock is currently owned by institutional investors.

Spire Company Profile

Spire Inc is an energy company that provides natural gas services to residential, commercial, industrial and other customers. Through its regulated utility operations, the company distributes natural gas and provides related customer services, with a focus on delivering dependable energy and maintaining the infrastructure needed to serve its communities.

Spire’s regulated utilities serve customers primarily in Missouri and Alabama, with operations that have also included service in Mississippi.