Spire Inc. (NYSE:SR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Spire Inc. (NYSE:SR - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $86.8333.

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Several equities research analysts recently issued reports on SR shares. Mizuho raised their price objective on shares of Spire from $93.00 to $96.00 and gave the stock an "outperform" rating in a research report on Thursday, November 20th. Morgan Stanley set a $97.00 price target on shares of Spire in a research note on Thursday, November 20th. Jefferies Financial Group raised shares of Spire to a "strong-buy" rating in a research report on Tuesday, October 7th. UBS Group upped their price objective on Spire from $80.00 to $95.00 and gave the company a "buy" rating in a report on Monday, October 13th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Spire in a research note on Monday.

Check Out Our Latest Analysis on SR

Institutional Inflows and Outflows

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Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Spire by 2.0% in the third quarter. Vanguard Group Inc. now owns 6,411,042 shares of the utilities provider's stock valued at $522,628,000 after purchasing an additional 123,584 shares in the last quarter. State Street Corp lifted its holdings in Spire by 1.9% during the 2nd quarter. State Street Corp now owns 3,351,641 shares of the utilities provider's stock worth $247,162,000 after buying an additional 61,851 shares in the last quarter. Geode Capital Management LLC boosted its position in Spire by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,512,167 shares of the utilities provider's stock valued at $110,386,000 after buying an additional 22,296 shares during the period. Captrust Financial Advisors grew its stake in shares of Spire by 7.5% in the third quarter. Captrust Financial Advisors now owns 1,220,171 shares of the utilities provider's stock worth $99,468,000 after acquiring an additional 85,004 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. grew its stake in shares of Spire by 32.8% in the second quarter. Duff & Phelps Investment Management Co. now owns 1,030,625 shares of the utilities provider's stock worth $75,225,000 after acquiring an additional 254,285 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company's stock.

Spire Stock Down 1.9%

SR stock opened at $82.29 on Friday. 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 firm has a 50-day moving average of $85.88 and a two-hundred day moving average of $78.86. Spire has a 12 month low of $64.44 and a 12 month high of $91.11. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.50 and a beta of 0.66.

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Spire (NYSE:SR - Get Free Report) 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 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 8.78% and a net margin of 10.96%.During the same quarter in the prior year, the firm earned ($0.54) earnings per share. The company's revenue for the quarter was up 13.7% on a year-over-year basis. 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, analysts forecast that Spire will post 4.5 earnings per share for the current fiscal year.

Spire Increases Dividend

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

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.

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