Spire (NYSE:SR) Sets New 52-Week Low - Time to Sell?

Key Points

• Spire shares hit a new 52-week low, trading as low as $75.71, below both their 50-day and 200-day moving averages.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $92.50 price target, despite individual targets ranging from $79 to $102.
• Spire reported better-than-expected quarterly results, with revenue up 19.2% year over year, and declared a quarterly dividend of $0.825 per share, representing a 4.3% annualized yield.

Spire Inc. (NYSE:SR - Get Free Report) hit a new 52-week low on Tuesday. The stock traded as low as $75.71 and last traded at $76.9030, with a volume of 19170 shares changing hands. The stock had previously closed at $76.84.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Morgan Stanley reduced their target price on Spire from $91.00 to $88.00 and set an "overweight" rating on the stock in a report on Friday, September 18th. BTIG Research reaffirmed a "buy" rating and issued a $102.00 price target on shares of Spire in a research note on Monday, September 21st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $85.00 price objective (up from $84.00) on shares of Spire in a research report on Friday, June 26th. Mizuho assumed coverage on shares of Spire in a research note on Tuesday, July 7th. They set an "outperform" rating and a $88.00 price objective on the stock. Finally, Scotiabank began coverage on shares of Spire in a report on Tuesday. They issued a "sector perform" rating and a $79.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Spire has a consensus rating of "Moderate Buy" and a consensus price target of $92.50.

Spire Stock Performance

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 has a market cap of $4.54 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 1.73 and a beta of 0.54. The company has a 50 day moving average price of $81.38 and a 200-day moving average price of $84.25.

Spire (NYSE:SR - Get Free Report) last released its quarterly earnings data 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 return on equity of 8.65% and a net margin of 21.48%.The business had revenue of $420.20 million for the quarter, compared to analyst estimates of $394.62 million. During the same period last year, the firm posted $0.01 earnings per share. Spire's 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, equities analysts expect that Spire Inc. will post 4.01 earnings per share for the current fiscal year.

Spire Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be issued a dividend of $0.8250 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.30 annualized dividend and a dividend yield of 4.3%. Spire's payout ratio is 36.79%.

Hedge Funds Weigh In On Spire

A number of institutional investors have recently added to or reduced their stakes in SR. MV Capital Management Inc. acquired a new stake in Spire in the fourth quarter valued at approximately $33,000. SHP Wealth Management acquired a new stake in shares of Spire during the 4th quarter valued at $35,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Spire during the 1st quarter valued at $43,000. Caitong International Asset Management Co. Ltd grew its position in Spire by 900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 540 shares of the utilities provider's stock worth $45,000 after acquiring an additional 486 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in Spire during the 2nd quarter worth $52,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Spire Company Profile

Spire Inc is an energy 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, serving communities through local natural gas infrastructure and related customer services.

Spire also operates businesses involved in natural gas marketing, storage and pipeline transportation. These operations support the company's utility activities and provide natural gas supply, logistics and infrastructure services to utilities, commercial and industrial customers, and other market participants.

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

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