Shares of Spire Inc. (NYSE:SR) have received an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $71.20.

A number of analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and set a $73.00 target price on shares of Spire in a research note on Wednesday, August 9th. Morgan Stanley boosted their target price on shares of Spire from $68.00 to $73.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. Zacks Investment Research cut shares of Spire from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $71.00 target price on shares of Spire in a research note on Thursday, August 3rd.

Several institutional investors have recently modified their holdings of the stock. Mosaic Family Wealth LLC grew its stake in shares of Spire by 0.3% in the second quarter. Mosaic Family Wealth LLC now owns 4,890 shares of the utilities provider’s stock worth $341,000 after purchasing an additional 17 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Spire by 0.3% in the second quarter. Teacher Retirement System of Texas now owns 11,042 shares of the utilities provider’s stock worth $770,000 after purchasing an additional 35 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Spire by 1.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,078 shares of the utilities provider’s stock worth $284,000 after purchasing an additional 69 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Spire by 8.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,825 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 144 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Spire by 3.5% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,709 shares of the utilities provider’s stock worth $398,000 after purchasing an additional 193 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors.

Spire (NYSE:SR) opened at 75.80 on Friday. Spire has a 1-year low of $59.54 and a 1-year high of $78.00. The firm has a market cap of $3.66 billion, a P/E ratio of 21.90 and a beta of 0.33. The stock has a 50 day moving average price of $75.86 and a 200-day moving average price of $70.80.

Spire (NYSE:SR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $323.50 million for the quarter, compared to analysts’ expectations of $293.99 million. Spire had a net margin of 9.12% and a return on equity of 8.77%. The company’s revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Equities research analysts forecast that Spire will post $3.57 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Monday, September 11th will be paid a $0.525 dividend. The ex-dividend date is Friday, September 8th. This represents a $2.10 annualized dividend and a dividend yield of 2.77%. Spire’s dividend payout ratio is 60.17%.

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About Spire

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.

Analyst Recommendations for Spire (NYSE:SR)

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