Spire Inc (NYSE:SR) – Investment analysts at Gabelli lowered their FY2021 EPS estimates for Spire in a research note issued on Friday. Gabelli analyst T. Winter now expects that the utilities provider will post earnings of $4.25 per share for the year, down from their previous forecast of $4.30. Gabelli also issued estimates for Spire’s FY2022 earnings at $4.50 EPS.

Spire (NYSE:SR) last announced its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.13. The firm had revenue of $561.80 million during the quarter, compared to analysts’ expectations of $516.16 million. Spire had a net margin of 12.86% and a return on equity of 8.91%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 earnings per share.

Several other equities analysts have also recently weighed in on SR. Stifel Nicolaus raised their target price on shares of Spire from $71.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, November 16th. Morgan Stanley raised their target price on shares of Spire from $75.00 to $77.00 and gave the company an “underweight” rating in a research note on Wednesday, December 13th. ValuEngine cut shares of Spire from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research cut shares of Spire from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of Spire from $71.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $72.00.

Shares of Spire (NYSE SR) opened at $64.65 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.70 and a quick ratio of 0.53. The stock has a market cap of $3,125.45, a price-to-earnings ratio of 17.06, a PEG ratio of 3.50 and a beta of 0.15. Spire has a 52 week low of $62.33 and a 52 week high of $82.85.

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its position in Spire by 5.7% during the second quarter. State Street Corp now owns 1,236,031 shares of the utilities provider’s stock valued at $86,214,000 after purchasing an additional 67,106 shares during the last quarter. Pacer Advisors Inc. lifted its position in Spire by 11.6% during the third quarter. Pacer Advisors Inc. now owns 6,967 shares of the utilities provider’s stock valued at $520,000 after purchasing an additional 725 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Spire by 13.1% during the third quarter. Allianz Asset Management GmbH now owns 31,580 shares of the utilities provider’s stock valued at $2,358,000 after purchasing an additional 3,655 shares during the last quarter. CAPROCK Group Inc. bought a new position in Spire during the third quarter valued at $201,000. Finally, Wells Fargo & Company MN lifted its position in Spire by 7.4% during the third quarter. Wells Fargo & Company MN now owns 1,059,918 shares of the utilities provider’s stock valued at $79,123,000 after purchasing an additional 73,219 shares during the last quarter. 80.47% of the stock is owned by institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Monday, March 12th will be paid a dividend of $0.563 per share. This represents a $2.25 annualized dividend and a yield of 3.48%. This is a boost from Spire’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Friday, March 9th. Spire’s dividend payout ratio (DPR) is presently 45.73%.

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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.

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