Spire Inc. (NYSE:SR) Stock Has Consensus Price Target of $92.50 According to Brokerages

Shares of Spire Inc. (NYSE:SR) have been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $92.50.

A number of equities research analysts have commented on SR shares. Mizuho started coverage on Spire in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $88.00 target price on the stock. Scotiabank began coverage on Spire in a report on Tuesday, September 29th. They set a “sector perform” rating and a $79.00 price target for the company. Morgan Stanley lowered their price target on Spire from $91.00 to $88.00 and set an “overweight” rating for the company in a report on Friday, September 18th. Wall Street Zen raised Spire from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $85.00 price objective (up from $84.00) on shares of Spire in a report on Friday, June 26th.

Spire Price Performance

Shares of SR stock opened at $77.51 on Thursday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.37 and a quick ratio of 0.27. The company has a market capitalization of $4.58 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 1.26 and a beta of 0.52. The firm’s 50-day moving average is $80.96 and its two-hundred day moving average is $83.90. Spire has a 12 month low of $74.84 and a 12 month high of $95.31.

Spire (NYSE:SR) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.06. Spire had a net margin of 21.48% and a return on equity of 8.65%. The business had revenue of $420.20 million during the quarter, compared to analysts’ expectations of $394.62 million. During the same quarter in the prior year, the company posted $0.01 EPS. The business’s revenue for the quarter was up 19.2% on a year-over-year basis. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. Analysts predict that Spire will post 4 earnings per share for the current year.

Spire Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were issued a $0.8250 dividend. This represents a $3.30 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, September 11th. Spire’s dividend payout ratio is currently 36.79%.

Institutional Trading of Spire

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MV Capital Management Inc. purchased a new position in shares of Spire during the fourth quarter worth $33,000. SHP Wealth Management purchased a new stake in Spire during the fourth quarter worth about $35,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Spire during the first quarter worth about $43,000. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 purchasing an additional 486 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Spire by 53.8% in the third quarter. Versant Capital Management Inc now owns 655 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 229 shares during the period. Hedge funds and other institutional investors own 87.36% of the company’s stock.

About Spire

Spire Inc is a diversified natural gas 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.

Spire’s business includes natural gas distribution, gas storage and transportation, and related energy services. Its operations also include natural gas marketing and midstream activities, which support the delivery and management of natural gas for utility and other customers.

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