Spire Inc. (SR) To Go Ex-Dividend on December 11th

Spire Inc. (NYSE:SR) declared a quarterly dividend on Thursday, November 13th. Shareholders of record on Thursday, December 11th will be paid a dividend of 0.825 per share by the utilities provider on Monday, January 5th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Thursday, December 11th. This is a 5.1% increase from Spire’s previous quarterly dividend of $0.79.

Spire has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 22 consecutive years. Spire has a payout ratio of 62.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Spire to earn $4.88 per share next year, which means the company should continue to be able to cover its $3.14 annual dividend with an expected future payout ratio of 64.3%.

Spire Price Performance

Shares of NYSE SR opened at $87.06 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.37 and a quick ratio of 0.27. Spire has a 1-year low of $64.44 and a 1-year high of $91.11. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 2.50 and a beta of 0.72. The business has a 50-day moving average of $83.24 and a 200-day moving average of $77.76.

Spire (NYSE:SR) last released its quarterly earnings results on Friday, November 14th. The utilities provider reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.46) by ($0.01). The company had revenue of $334.10 million for the quarter, compared to analyst estimates of $439.56 million. Spire had a return on equity of 8.66% and a net margin of 11.56%.The business’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm posted ($0.54) earnings per share. Spire has set its FY 2027 guidance at 5.650-5.850 EPS. FY 2026 guidance at 5.250-5.450 EPS. On average, equities analysts anticipate that Spire will post 4.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Spire

Institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in Spire by 186.8% during the third quarter. Smartleaf Asset Management LLC now owns 370 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 241 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Spire by 1,957.1% during the second quarter. Hantz Financial Services Inc. now owns 432 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 411 shares during the period. Financial Consulate Inc. bought a new position in shares of Spire in the 3rd quarter worth about $36,000. Headlands Technologies LLC acquired a new position in shares of Spire in the 2nd quarter valued at about $38,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Spire during the 3rd quarter valued at about $40,000. 87.36% of the stock is currently owned by institutional investors.

Spire Company Profile

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.