Spire (NYSE:SR) Price Target Raised to $86.00

Spire (NYSE:SR) had its target price increased by JPMorgan Chase & Co. from $85.00 to $86.00 in a report released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the utilities provider’s stock.

SR has been the subject of several other reports. Huntington initiated coverage on Spire in a research note on Monday, September 14th. They issued an “outperform” rating and a $93.00 price objective for the company. Morgan Stanley reduced their price objective on Spire from $91.00 to $88.00 and set an “overweight” rating for the company in a report on Friday, September 18th. Scotiabank started coverage on Spire in a research report on Tuesday, September 29th. They set a “sector perform” rating and a $79.00 target price on the stock. Weiss Ratings raised Spire from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Finally, Mizuho began coverage on Spire in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $88.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.58.

Spire Stock Up 3.8%

SR stock opened at $85.66 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 1.61. The company’s 50-day moving average price is $80.67 and its 200 day moving average price is $82.78. Spire has a 52 week low of $74.84 and a 52 week high of $95.31. The company has a market cap of $5.06 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.34 and a beta of 0.52.

Spire (NYSE:SR) last issued its earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.06. Spire had a net margin of 21.48% and a return on equity of 8.65%. The company had revenue of $420.20 million during the quarter, compared to analysts’ expectations of $394.62 million. During the same period last year, the company posted $0.01 earnings per share. The firm’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, research analysts expect that Spire will post 4.00 earnings per share for the current fiscal year.

Spire Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were paid a dividend of $0.8250 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, September 11th. Spire’s dividend payout ratio (DPR) is 36.79%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SR. Ashurst Perkins Coie Trust Co purchased a new stake in Spire in the 3rd quarter valued at approximately $26,000. SHP Wealth Management acquired a new stake in Spire during the 4th quarter valued at $35,000. Cassaday & Co Wealth Management LLC purchased a new position in Spire during the first quarter worth $43,000. Caitong International Asset Management Co. Ltd increased its position in Spire by 900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 540 shares of the utilities provider’s stock worth $45,000 after buying an additional 486 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Spire by 53.8% during the third quarter. Versant Capital Management Inc now owns 655 shares of the utilities provider’s stock worth $50,000 after buying an additional 229 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Spire Company Profile

Spire Inc is an energy company that provides natural gas services to residential, commercial, industrial and other customers. Through its regulated utility operations, the company distributes natural gas and provides related customer services, with a focus on delivering dependable energy and maintaining the infrastructure needed to serve its communities.

Spire’s regulated utilities serve customers primarily in Missouri and Alabama, with operations that have also included service in Mississippi.