Spire's (SR) "Buy (B-)" Rating Reiterated at Weiss Ratings

Key Points

• Spire's stock has maintained a "buy (B-)" rating from Weiss Ratings, reflecting ongoing positive sentiment among analysts.
• Analysts have varying views on Spire; Morgan Stanley set a price target of $91.00 with an "outperform" rating, while Bank of America downgraded its target to $76.00.
• Spire reported quarterly earnings of $0.01 per share, exceeding expectations and showing a revenue increase of 1.9% from last year.

Spire (NYSE:SR - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

A number of other research analysts also recently weighed in on SR. Morgan Stanley set a $91.00 price target on Spire and gave the company an "outperform" rating in a research note on Wednesday. Bank of America restated an "underperform" rating and issued a $76.00 price target (down from $81.00) on shares of Spire in a research note on Friday, August 15th. Jefferies Financial Group raised Spire to a "strong-buy" rating in a research report on Tuesday, October 7th. Mizuho raised their price objective on Spire from $83.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, BTIG Research raised Spire to a "strong-buy" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $85.00.

Spire Stock Up 0.5%

SR stock opened at $88.83 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.37 and a debt-to-equity ratio of 1.08. The business has a 50 day moving average price of $79.54 and a two-hundred day moving average price of $76.50. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 2.56 and a beta of 0.69. Spire has a twelve month low of $61.87 and a twelve month high of $89.09.

Spire (NYSE:SR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.10. The firm had revenue of $421.90 million during the quarter, compared to the consensus estimate of $417.27 million. Spire had a return on equity of 8.66% and a net margin of 11.56%.The business's revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company earned ($0.14) earnings per share. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. Analysts anticipate that Spire will post 4.5 EPS for the current fiscal year.

Institutional Trading of Spire

Hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its holdings in Spire by 1,957.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 432 shares of the utilities provider's stock worth $32,000 after purchasing an additional 411 shares during the last quarter. Financial Consulate Inc. acquired a new stake in Spire during the 3rd quarter worth approximately $36,000. Headlands Technologies LLC acquired a new stake in Spire during the 2nd quarter worth approximately $38,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Spire by 1,031.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 611 shares of the utilities provider's stock worth $45,000 after purchasing an additional 557 shares during the last quarter. Finally, Quarry LP acquired a new position in Spire in the 1st quarter valued at $50,000. 87.36% of the stock is owned by institutional investors and hedge funds.

Spire Company Profile

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.

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