Spire (NYSE:SR) Stock Price Expected to Rise, Mizuho Analyst Says

Spire (NYSE:SR) had its price target boosted by investment analysts at Mizuho from $93.00 to $96.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. Mizuho’s price objective indicates a potential upside of 10.59% from the stock’s current price.

A number of other research firms have also recently weighed in on SR. Morgan Stanley upped their price target on Spire from $91.00 to $99.00 and gave the stock an “equal weight” rating in a report on Tuesday. UBS Group lifted their price target on shares of Spire from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. BTIG Research raised shares of Spire to a “strong-buy” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group upgraded Spire to a “strong-buy” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings cut Spire from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Spire Trading Up 1.9%

NYSE:SR traded up $1.65 on Thursday, hitting $86.81. 31,620 shares of the stock were exchanged, compared to its average volume of 454,512. The stock has a fifty day moving average of $83.82 and a 200-day moving average of $77.95. The stock has a market cap of $5.13 billion, a PE ratio of 18.75, a PEG ratio of 2.50 and a beta of 0.72. Spire has a fifty-two week low of $64.44 and a fifty-two week high of $91.11. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 1.08.

Spire (NYSE:SR) last announced its quarterly earnings results on Friday, November 14th. The utilities provider reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.01). The business had revenue of $334.10 million for the quarter, compared to analyst estimates of $439.56 million. Spire had a net margin of 11.56% and a return on equity of 8.66%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm earned ($0.54) earnings per share. Spire has set its FY 2027 guidance at 5.650-5.850 EPS. FY 2026 guidance at 5.250-5.450 EPS. As a group, equities analysts expect that Spire will post 4.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Spire

A number of institutional investors have recently added to or reduced their stakes in SR. Vanguard Group Inc. grew its holdings in Spire by 2.0% during the third quarter. Vanguard Group Inc. now owns 6,411,042 shares of the utilities provider’s stock worth $522,628,000 after acquiring an additional 123,584 shares during the period. State Street Corp boosted its position in shares of Spire by 1.9% during the 2nd quarter. State Street Corp now owns 3,351,641 shares of the utilities provider’s stock valued at $247,162,000 after purchasing an additional 61,851 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Spire by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,512,167 shares of the utilities provider’s stock worth $110,386,000 after purchasing an additional 22,296 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Spire by 7.5% in the 3rd quarter. Captrust Financial Advisors now owns 1,220,171 shares of the utilities provider’s stock worth $99,468,000 after purchasing an additional 85,004 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its stake in Spire by 32.8% during the second quarter. Duff & Phelps Investment Management Co. now owns 1,030,625 shares of the utilities provider’s stock valued at $75,225,000 after purchasing an additional 254,285 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

About Spire

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.