Brokerages Set Spire Inc. (NYSE:SR) Target Price at $89.36

Shares of Spire Inc. (NYSE:SR) have been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $90.00.

Several research analysts have recently weighed in on SR shares. Jefferies Financial Group reissued a “buy” rating and set a $99.00 price objective on shares of Spire in a report on Wednesday, January 21st. Weiss Ratings upgraded shares of Spire from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Stifel Nicolaus increased their price target on Spire from $81.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Mizuho raised their price target on Spire from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Finally, Bank of America raised Spire from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $76.00 to $89.00 in a report on Wednesday, October 29th.

Spire Price Performance

SR stock opened at $90.57 on Wednesday. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 1.41 and a beta of 0.67. The firm’s 50-day moving average price is $84.67 and its two-hundred day moving average price is $82.79. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 1.39. Spire has a 12-month low of $69.94 and a 12-month high of $92.53.

Spire (NYSE:SR) last released its quarterly earnings results on Tuesday, February 3rd. The utilities provider reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.15. The business had revenue of $762.20 million for the quarter, compared to analysts’ expectations of $785.54 million. Spire had a net margin of 10.95% and a return on equity of 9.43%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 earnings per share. 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, equities analysts predict that Spire will post 4.5 earnings per share for the current year.

Spire Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, March 11th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.6%. Spire’s dividend payout ratio (DPR) is presently 71.74%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SR. Franklin Resources Inc. increased its stake in shares of Spire by 0.3% in the 4th quarter. Franklin Resources Inc. now owns 40,489 shares of the utilities provider’s stock worth $3,348,000 after purchasing an additional 122 shares in the last quarter. MBM Wealth Consultants LLC increased its position in Spire by 2.6% in the third quarter. MBM Wealth Consultants LLC now owns 5,507 shares of the utilities provider’s stock worth $449,000 after buying an additional 140 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Spire by 2.6% in 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. Ameritas Investment Partners Inc. raised its stake in shares of Spire by 0.8% in the second quarter. Ameritas Investment Partners Inc. now owns 17,461 shares of the utilities provider’s stock worth $1,274,000 after buying an additional 146 shares during the period. Finally, Intrua Financial LLC lifted its position in shares of Spire by 4.6% during the 3rd quarter. Intrua Financial LLC now owns 3,399 shares of the utilities provider’s stock valued at $277,000 after buying an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

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.