Spire Inc. (NYSE:SR) Receives $86.83 Average Price Target from Brokerages

Shares of Spire Inc. (NYSE:SR) have been given an average recommendation of “Moderate Buy” by the thirteen analysts that are covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $86.8333.

Several equities analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Spire to a “strong-buy” rating in a research report on Tuesday, October 7th. BTIG Research upgraded shares of Spire to a “strong-buy” rating in a report on Wednesday, October 22nd. Morgan Stanley set a $97.00 target price on shares of Spire in a research report on Thursday, November 20th. Mizuho raised their target price on Spire from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Finally, Bank of America raised Spire from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $76.00 to $89.00 in a report on Wednesday, October 29th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in shares of Spire by 4.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,210 shares of the utilities provider’s stock valued at $408,000 after purchasing an additional 214 shares during the last quarter. Cetera Investment Advisers grew its holdings in Spire by 26.8% in the 1st quarter. Cetera Investment Advisers now owns 10,339 shares of the utilities provider’s stock valued at $809,000 after buying an additional 2,188 shares during the last quarter. Mackenzie Financial Corp increased its position in Spire by 5.5% in the 1st quarter. Mackenzie Financial Corp now owns 3,672 shares of the utilities provider’s stock worth $287,000 after buying an additional 193 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of Spire by 13.6% during the first quarter. Chicago Partners Investment Group LLC now owns 3,869 shares of the utilities provider’s stock worth $294,000 after buying an additional 463 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Spire by 3.9% during the first quarter. Deutsche Bank AG now owns 92,865 shares of the utilities provider’s stock worth $7,267,000 after buying an additional 3,510 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

Spire Price Performance

Shares of NYSE:SR opened at $82.45 on Friday. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 18.74, a P/E/G ratio of 1.48 and a beta of 0.66. Spire has a 1 year low of $64.44 and a 1 year high of $91.11. The company has a current ratio of 0.32, a quick ratio of 0.21 and a debt-to-equity ratio of 1.07. The business has a fifty day simple moving average of $85.92 and a 200 day simple moving average of $78.98.

Spire (NYSE:SR) last issued its earnings results on Friday, November 14th. The utilities provider reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($0.01). The firm had revenue of $334.10 million during the quarter, compared to analyst estimates of $439.56 million. Spire had a return on equity of 8.78% and a net margin of 10.96%.The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.54) earnings per share. Spire has set its FY 2027 guidance at 5.650-5.850 EPS and its FY 2026 guidance at 5.250-5.450 EPS. As a group, sell-side analysts predict that Spire will post 4.5 earnings per share for the current fiscal year.

Spire Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Thursday, December 11th will be paid a $0.825 dividend. The ex-dividend date is Thursday, December 11th. This is a positive change from Spire’s previous quarterly dividend of $0.79. This represents a $3.30 dividend on an annualized basis and a dividend yield of 4.0%. Spire’s dividend payout ratio is presently 71.36%.

About Spire

Spire Inc, together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates through three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.