Spire Inc. (NYSE:SR) Receives $94.00 Consensus Price Target from Analysts

Spire Inc. (NYSE:SR) has been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $94.00.

Several equities analysts have weighed in on SR shares. Mizuho began coverage on Spire in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $88.00 target price for the company. Wall Street Zen raised shares of Spire from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Morgan Stanley dropped their price objective on shares of Spire from $96.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, August 21st. Wolfe Research initiated coverage on shares of Spire in a report on Tuesday, May 26th. They set a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $85.00 price target (up from $84.00) on shares of Spire in a research report on Friday, June 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. grew its position in shares of Spire by 0.3% in the fourth quarter. Franklin Resources Inc. now owns 40,489 shares of the utilities provider’s stock valued at $3,348,000 after purchasing an additional 122 shares during the period. Detalus Advisors LLC lifted its position in Spire by 2.3% during the first quarter. Detalus Advisors LLC now owns 6,200 shares of the utilities provider’s stock worth $561,000 after buying an additional 142 shares during the period. Inspire Investing LLC lifted its position in Spire by 2.6% during the fourth quarter. Inspire Investing LLC now owns 5,734 shares of the utilities provider’s stock worth $474,000 after buying an additional 144 shares during the period. Smartleaf Asset Management LLC boosted its stake in Spire by 40.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 519 shares of the utilities provider’s stock worth $43,000 after buying an additional 149 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in Spire by 16.5% in the 4th quarter. Parallel Advisors LLC now owns 1,136 shares of the utilities provider’s stock worth $94,000 after buying an additional 161 shares during the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Spire Trading Down 0.1%

SR opened at $81.55 on Friday. Spire has a 52 week low of $74.81 and a 52 week high of $95.31. The business has a fifty day simple moving average of $81.80 and a 200-day simple moving average of $85.29. The firm has a market cap of $4.82 billion, a P/E ratio of 9.09, a P/E/G ratio of 1.82 and a beta of 0.54. The company has a quick ratio of 0.27, a current ratio of 0.37 and a debt-to-equity ratio of 1.61.

Spire (NYSE:SR) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.06. Spire had a return on equity of 8.65% and a net margin of 21.48%.The firm had revenue of $420.20 million for the quarter, compared to the consensus estimate of $394.62 million. During the same quarter in the previous year, the business earned $0.01 EPS. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. On average, equities analysts expect that Spire will post 4.01 earnings per share for the current year.

Spire Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 4.0%. Spire’s dividend payout ratio is currently 36.79%.

Spire Company Profile

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.