Spire Inc. (NYSE:SR) Stock Has Consensus Target Price of $92.58 According to Analysts

Key Points

• Analysts hold a moderately bullish view of Spire: Six rate the stock “hold,” seven rate it “buy,” and one gives it a “strong buy.” The consensus 12-month price target is $92.58, compared with a recent price of $85.38.
• Spire exceeded quarterly expectations, reporting a narrower-than-expected loss of $0.26 per share and revenue of $420.2 million, up 19.2% year over year. Analysts expect approximately $4.00 in current-year EPS.
• The company pays an annualized dividend of $3.30 per share, yielding about 3.9%, while institutional investors own 87.36% of the stock.

Shares of Spire Inc. (NYSE:SR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fourteen analysts that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $92.58.

SR has been the topic of several analyst reports. Scotiabank assumed coverage on Spire in a research report on Tuesday, September 29th. They set a "sector perform" rating and a $79.00 price target on the stock. Huntington assumed coverage on shares of Spire in a research report on Monday, September 14th. They issued an "outperform" rating and a $93.00 price objective on the stock. Mizuho initiated coverage on shares of Spire in a research note on Tuesday, July 7th. They issued an "outperform" rating and a $88.00 target price on the stock. Wall Street Zen upgraded shares of Spire from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 8th. Finally, BTIG Research reissued a "buy" rating and issued a $102.00 price target on shares of Spire in a research note on Monday, September 21st.

Spire Price Performance

Shares of NYSE SR opened at $85.38 on Monday. 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 stock has a fifty day simple moving average of $80.72 and a two-hundred day simple moving average of $82.73. Spire has a 1-year low of $74.84 and a 1-year high of $95.31. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 1.39 and a beta of 0.52.

Spire (NYSE:SR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.06. The company had revenue of $420.20 million for the quarter, compared to analyst estimates of $394.62 million. Spire had a net margin of 21.48% and a return on equity of 8.65%. The company's quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 earnings per share. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. Analysts anticipate that Spire will post 4.00 earnings per share for the current year.

Spire Dividend Announcement

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 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 payout ratio is currently 36.79%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SR. BlackRock Inc. bought a new stake in Spire in the 2nd quarter worth approximately $667,642,000. Wellington Management Group LLP boosted its stake in Spire by 1.4% in the second quarter. Wellington Management Group LLP now owns 667,616 shares of the utilities provider's stock worth $52,134,000 after buying an additional 8,927 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Spire during the second quarter valued at approximately $45,993,000. The Manufacturers Life Insurance Company grew its position in Spire by 0.4% during the first quarter. The Manufacturers Life Insurance Company now owns 479,716 shares of the utilities provider's stock valued at $43,433,000 after acquiring an additional 1,745 shares during the last quarter. Finally, Energy Income Partners LLC grew its position in Spire by 1.6% during the first quarter. Energy Income Partners LLC now owns 402,270 shares of the utilities provider's stock valued at $36,422,000 after acquiring an additional 6,505 shares during the last quarter. Institutional investors own 87.36% of the company's stock.

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.

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