Spire (NYSE:SR - Get Free Report) was upgraded by analysts at BTIG Research to a "strong-buy" rating in a note issued to investors on Wednesday,Zacks.com reports.
A number of other research analysts have also issued reports on SR. Mizuho raised their price objective on shares of Spire from $83.00 to $93.00 and gave the company an "outperform" rating in a report on Tuesday. Bank of America reaffirmed an "underperform" rating and set a $76.00 price target (down previously from $81.00) on shares of Spire in a research note on Friday, August 15th. Jefferies Financial Group upgraded shares of Spire to a "strong-buy" rating in a report on Tuesday, October 7th. UBS Group increased 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, Morgan Stanley set a $91.00 target price on Spire and gave the stock an "outperform" rating in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.00.
Check Out Our Latest Stock Report on Spire
Spire Stock Up 0.2%
Shares of NYSE:SR opened at $87.03 on Wednesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.27 and a current ratio of 0.37. Spire has a 52-week low of $61.87 and a 52-week high of $87.64. The company has a market capitalization of $5.14 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 2.53 and a beta of 0.69. The company has a fifty day moving average of $79.07 and a 200-day moving average of $76.30.
Spire (NYSE:SR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.10. The business had revenue of $421.90 million during the quarter, compared to analysts' expectations of $417.27 million. Spire had a return on equity of 8.66% and a net margin of 11.56%.The business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.14) EPS. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. On average, equities analysts predict that Spire will post 4.5 EPS for the current fiscal year.
Hedge Funds Weigh In On Spire
Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. boosted its stake in Spire by 0.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,461 shares of the utilities provider's stock valued at $1,274,000 after purchasing an additional 146 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Spire by 2.8% in the third quarter. Inspire Investing LLC now owns 5,590 shares of the utilities provider's stock valued at $456,000 after purchasing an additional 150 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Spire by 0.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 25,636 shares of the utilities provider's stock worth $1,871,000 after purchasing an additional 152 shares during the last quarter. Signaturefd LLC lifted its position in shares of Spire by 21.7% during the 1st quarter. Signaturefd LLC now owns 914 shares of the utilities provider's stock worth $72,000 after buying an additional 163 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Spire by 5.5% in the first quarter. Mackenzie Financial Corp now owns 3,672 shares of the utilities provider's stock valued at $287,000 after acquiring an additional 193 shares in the last quarter. Institutional investors own 87.36% of the company's stock.
About Spire
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Spire, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spire wasn't on the list.
While Spire currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
