Spire Inc. (NYSE:SR) Given Average Recommendation of “Moderate Buy” by Analysts

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

Several research analysts have recently commented on SR shares. Morgan Stanley cut their price objective on Spire from $96.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, August 21st. Mizuho initiated coverage on shares of Spire in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $88.00 price target for the company. Weiss Ratings raised shares of Spire from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. BTIG Research set a $101.00 price objective on shares of Spire in a research report on Thursday, July 23rd. Finally, Wolfe Research assumed coverage on shares of Spire in a report on Tuesday, May 26th. They set a “peer perform” rating for the company.

Spire Trading Down 1.4%

Shares of SR stock opened at $80.33 on Friday. The company has a market capitalization of $4.75 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 1.79 and a beta of 0.54. Spire has a 52-week low of $74.81 and a 52-week high of $95.31. The business’s fifty day moving average is $81.81 and its 200 day moving average is $85.26. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.27 and a current ratio of 0.37.

Spire (NYSE:SR) last posted its earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) EPS for the quarter, topping 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 business had revenue of $420.20 million during the quarter, compared to analysts’ expectations of $394.62 million. During the same period in the previous year, the business earned $0.01 earnings per share. The firm’s revenue was up 19.2% on a year-over-year basis. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. On average, equities research analysts anticipate that Spire will post 4.01 EPS for the current fiscal year.

Spire Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, September 11th. This represents a $3.30 dividend on an annualized basis and a yield of 4.1%. Spire’s dividend payout ratio (DPR) is presently 36.79%.

Hedge Funds Weigh In On Spire

Hedge funds and other institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new position in shares of Spire during the 4th quarter valued at about $25,000. MV Capital Management Inc. purchased a new stake in Spire in the fourth quarter worth approximately $33,000. SHP Wealth Management purchased a new stake in Spire in the fourth quarter worth approximately $35,000. Headlands Technologies LLC bought a new position in Spire during the second quarter valued at approximately $38,000. Finally, International Assets Investment Management LLC bought a new position in Spire during the fourth quarter valued at approximately $43,000. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Spire Company Profile

Spire Inc is an energy company headquartered in St. Louis, Missouri. Through its regulated utility operations, the company distributes natural gas to residential, commercial and industrial customers in Missouri and Alabama, serving communities through local natural gas infrastructure and related customer services.

Spire also operates businesses involved in natural gas marketing, storage and pipeline transportation. These operations support the company’s utility activities and provide natural gas supply, logistics and infrastructure services to utilities, commercial and industrial customers, and other market participants.

The company traces its history to 1857, when it was established as Laclede Gas Company.